Nexxus Lighting (NEXS) made a key technical move a couple days ago, surging with heavy volume above the 50 day moving average on news the company will commercially sell its new LED BR30 bulb in March.
The LED is expected to replace the incandescent 65W BR30 bulb and use about 85% less energy. It incorporates an enhanced dimming circuit, 2nd generation technology allowing for significant reductions in cost and weight and is expected to exceed … Read the rest
Nexxus Lighting (NEXS) is always an interesting earnings report to take a look at because they have that big deal with Lowe’s to sell LED lights to consumers which provides a good read on whether the consumer is ready for the big up front cost of an LED bulb in exchange for lower electricity bills and no replacement over many years. It would appear they are still experiencing sticker shock when it comes to LED … Read the rest
Nexxus Lighting (NEXS) remains a micro cap LED stock with a ton of potential. With a Lowe’s deal in place and a focus on the consumer market, the company could see tremendous growth in the coming years IF LED lighting costs come down far enough to reach the average consumer. The company is seeing nice revenue growth off a small base, but profits remain elusive up to this point.
Nexxus Lighting (NEXS) reported results this morning that were mixed. The company matched analyst estimates on the EPS side posting a loss of .08/share but revenues fell just a bit short ($1.55 million vs estimate for $1.77 million). The company attributed the revenue shortfall on the timing of larger projects.
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In terms of strategy, Nexxus indicated they will modify it a bit and go after larger … Read the rest
Nexxus Lighting (NEXS) is on a roll. The company has been receiving Energy Star approvals for many of its LED bulbs and several days ago announced that they will be available in over 1000 Lowe stores which sent the stock soaring. Yesterday they announced that two more of its bulbs have received the coveted Energy Star approval rating, the first two of its Array PAR38 LED replacement lamp models. It brings the number of … Read the rest
Shares of Nexxus Lighting (NEXS) are popping nearly 25% this morning on news that Lowe’s will carry their premium LED bulbs beginning in June in 1100 stores across the US. Seventeen LED bulbs will be offered including Par 38, R30, R16, GU10 and MR-16 all of which have qualified for the ENERGY STAR rating.
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"We are very pleased to bring consumers premium LED lighting products to … Read the rest
Nexxus Lighting (NEXS) announced earlier today that its best selling LED bulb, the MR16, was also approved as an ENERGY STAR Qualified LED light bulb recently. The bulb uses just 3.3watts of produce over 150 lumens. The company’s R16 and GU10 products are also approved under ENERGY STAR guidelines and is awaiting approval for other LED products.
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Shares of NEXS made an important technical move yesterday, … Read the rest
Nexxus Lighting (NEXS) reported results this morning that are admittedly a bit confusing, but not as bad as the headlines in my opinion and I think the selling pre-market is a bit overdone, but we’ll see how the day progresses. The company recently sold its legacy commercial and pool lighting business to focus on its LED business which is a smart move and should pay off in the longer run.
As a result of this … Read the rest
Nexxus Lighting (NEXS) is surging 20% this morning with heavy volume on news that company has received the Energy Star label for its R30 LED light bulb. The Array R30 is the first LED reflector lamp replacement that’s qualified for the label. The company has submitted additional bulbs to Energy Star for approval.
Technically, today’s move is an important one for NEXS with the stock breaking out of a more than two month consolidation … Read the rest
Nexxus Lighting (NEXS) posted mixed earnings results this morning, missing on EPS but beating on the revenue side. The company posted an EPS loss of .12 vs the analyst estimate of a .10/share loss. Revenues came in higher than the analyst estimate of $3.15 million at $3.75 million. On the bright side, the EPS loss was considerably narrower than the year ago loss of .22 and revenues increased 43%. Sales of the Array line of … Read the rest