Echelon (ELON) came close to posting its first profitable quarter in about five years and beat Wall St estimates by a good margin after the bell today, but the stock continues to get battered after hours after the company guided much lower for next quarter. The company reported a non GAAP EPS of zero while analysts expected a loss of .17/share. Revenues came in ahead of estimates as well at $38.8 million (vs estimates of … Read the rest
Tag Archives: echelon
Echelon (ELON) And GEO Team Up On New Energy Displays
Echelon and Green Energy Options Ltd. (GEO) just announced that they will be collaborating to build new energy displays for Echelon’s Networked Energy Services system. GEO’s displays will communicate with Echelon’s NES smart meters via Zigbee wireless protocols, bringing back information about current and historical energy use as well as energy pricing and displaying it in a format that is easy for consumers to read and understand. This collaboration dovetails nicely with the UK’s new … Read the rest
Echelon (ELON) Taking First Step To Bring The Smart Grid To Latin America
Yesterday, Echelon (ELON) and ELO Sistemas Electronicos of Brazil announced an alliance to bring smart grid solutions to Latin America. ELO Sistemas is Brazil’s largest supplier of electronic meters and is a reseller of Echelon’s NES smart grid system. The announcement was made at the Smart Grid Latin America Forum in Brazil and is Echelon’s first foray into the Latin American region.
Last month Brazil announced tentative plans for a nationwide rollout of smart … Read the rest
Echelon (ELON) Reports Narrower Loss Than Expected, CEO Steps Down Due To Health Concern
Some good news and bad news out of Echelon (ELON) tonight. The company reported a narrower loss than what Wall St expected, but the CEO announced he was stepping down to battle lung cancer but will remain on the Board as an adviser. Well wishes to you Mr. Oshman.
The company reported a non GAAP EPS loss of .11/share which was much better than the .24/share loss Wall St expected. Revenues came in a bit … Read the rest
Echelon (ELON) To Work With Eaton To Provide Residential Smart Grid Services
Echelon just announced that it will work with Eaton Corporation to offer smart grid services to residential customers. Under the agreement, Eaton will become a value-added reseller for Echelon, combining their own home automation product line with Echelon’s Networked Energy Services (NES) System. The deal encompasses Europe, the Middle East and Africa, and will help the EU meet its target of a 20 percent increase in energy efficiency.
The combination of Eaton’s product with Echelon’s … Read the rest
More Smart Grid Analyst Calls: Itron (ITRI) A Buy, Echelon (ELON) At Outperform
I missed the Itron (ITRI) Buy rating from Brean Murray and should have included it in the last post along with the other smart grid calls. The firm has initiated this smart grid leader with a Buy rating and 12 month price target of $65/share. Despite delays in the federal stimulus rollout, they still believe the company is on track for solid growth in 2010.
Itron has begun to show some life and is now … Read the rest
Brean Murray Initiates AMSC, ENOC With Buy; COMV, ELON At Hold
Brean Murray has initiated coverage on four green stocks this morning. American Superconductor (AMSC) and EnerNOC (ENOC) get Buy ratings from the firm while Echelon (ELON) and Comverge (COMV) get Hold ratings.
Hat tip to StreetInsider.com for the following analyst comments:
“Buoyed by an experienced management team and strong wind energy market growth in China, AMSC’s revenues grew from $52 million in FY06 to $183 million in FY08. With a continuation of the current wave … Read the rest
Echelon (ELON) Introduces New Smart Metering Network Management Software
Echelon just announced the release of a new product: Networked Energy Services (NES) Element Manager, a new smart metering network management software. The software is designed to help utilities as they implement new smart grid programs by giving them enhanced abilities to manage the project’s installation, configuration, provisioning, management and monitoring.
The software provides a dashboard that provides at-a-glance access to information about network connectivity, data retrieval and the health of meters and power lines, … Read the rest
Echelon (ELON) Finally Issues Press Release On Fortum Deal; $50 – 60 Mill For ELON
Echelon (ELON) was a bit slow in releasing this news today or they just didn’t coordinate it well with Telvent (TLVT). At any rate, the Fortum smart grid deal is yet another big win for Echelon (ELON) and cements them as a significant player in the smart grid arena. The press release indicates it will provide ELON with $50 – 60 million (so about 20 mill/year beginning in 2011) over the life of the project … Read the rest
Telvent (TLVT) To Integrate With Echelon (ELON) For Finland Smart Grid, ELON Soaring
Echelon (ELON) is surging nearly 20% today with big volume. The reason isn’t completely obvious because the company hasn’t issued a press release, but the reason the stock is moving is probably the result of Spain based Telvent integrating its smart grid solution with Echelon’s (ELON) for a big Finnish project with a cost of over $150 million.
According to Telvent’s release, they will be in charge of the design and development of a smart … Read the rest