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Stock Market & Financial Investment News

News Breaks
January 28, 2013
08:01 EDTPOWRPowerSecure announces $10M of new business awards
PowerSecure International announced it has received $10M of new business for distributed generation systems. The new distributed generation awards are turn-key revenue projects, including more than $5M for a 7.5MW Interactive Distributed Generation® system for a major northeastern hospital using PowerSecure’s proprietary PowerBlock® solution. A variety of turn-key retail, municipal, industrial and military projects comprise the remainder of the new awards. The majority of this new turn-key revenue is expected to be recognized in 2013.
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July 23, 2014
07:06 EDTPOWRPowerSecure awarded $140M in new distributed generation business
PowerSecure has been awarded approximately $140M of new distributed generation business. PowerSecure expects to recognize approximately half of the revenue from the two major solar projects in 2015, and the remainder in 2016. The new solar awards have been contracted with the utility and are subject to regulatory approval by the local public utility commission, and approval by the party granting the rights to the respective sites. These items are expected to be completed over the next 120 days.

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