Tag Archives: esco technologies

Esco Technologies (ESE) Beats, Shares Breakout

Esco Technologies (ESE) posted strong results late last week and traders bid up the stock sending shares on a breakout ride above previous resistance.  The company posted an EPS of .40/share vs the analyst estimate of .33/share on revenues of $160 million vs the analyst estimate of $154 million.  It  represents the 4th straight quarter of accelerating EPS and revenue growth.

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Esco isn’t quite a green … Read the rest

Analyst Rating Roundup: ESE, ITRI, ELON, ESLR, SOLF

Several analyst rating changes to tell you about this morning.  Hat tip to Street Insider for the analyst commentary.

Needham & Company reiterated a Buy on Echelon Corp (ELON), but lowered the price target from $11 to $10.
“While uncertainty remains on the pace of uptake at utilities exploring AMI solutions as well as at current customers such as Duke, we continue to believe that Echelon has a solid technology offering that not only addresses … Read the rest

Esco (ESE) Soars, Itron (ITRI) Plummets On News Esco May Win Sempra Energy (SRE) Gas Smart Meter Contract

Sempra Energy (SRE) will soon make an announcement as to which company will win the estimated $400 million smart meter contract.  It had been thought that Itron (ITRI) would win the contract, but today Esco Technologies (ESE) announced it was selected by Sempra for “negotiation of a definitive agreement”. 

RBC Capital Markets analyst Stuart Bush called the move unusual and said it implies Esco has a leading position in negotiations.  Stifel Nicolaus analyst Jeff Osborne … Read the rest