Profits Remain Elusive For Powersecure (POWR) As Stock Sinks To New Lows

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12:23:34 pm on August 5, 2011

PowerSecure International (POWR) continues to have a rough go of it, dropping another 10% today after the company missed analyst estimates on the EPS side.  Considering analysts were expecting a profit of .04, so it’s no wonder the stock continues to drop further below key support of the $6 level.  The company posted decent revenue, but a dip in margins eroded the EPS.

Here are some highlights of comments made by CEO Sidney Hinton.

– recorded largest revenue in company history for Utility Infrastructure and LED Lighting divisions

– broadening of product offerings is working

– pleased with growth of recurring revenue business but have had to sacrifice some near term revenue and profit recognition

Technically, POWR is a broken stock with previous support around $6 now acting as resistance.  The stock should be avoided for some time. 

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