Aerovironment (AVAV) is pushing higher in after hours trading after beating both EPS and revenue estimates by a small margin. While EPS came in 10% lower than the year ago quarter, it did beat analyst estimates by a penny a share. Revenues increased 18% over the year ago quarter and also beat estimates (by about 5%). The company attributed the revenue increase to stronger sales in the Unmanned Aircraft Systems (up $9.4 million) and Efficient … Read the rest
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AeroVironment’s (AVAV) PosiCharge System For Electric Cars Installed At Port Of LA
AeroVironment (AVAV) is announcing today that Balqon Corp (OTC:BLQN) has purchased its PosiCharge fast charge system for its fleet of heavy duty electric trucks used at the Port of Los Angeles for moving ship containers. The PosiCharge fast charge system developed for heavy duty electric yard tractors can charge up to 4 heavy duty Balqon trucks at a time, which allows the port to increase the use of electric vehicles ultimately reducing emissions. The PosiCharge … Read the rest