PowerSecure 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.
PowerSecure upgraded to Buy with $17 target at Maxim Maxim upgraded earlier today PowerSecure to Buy from Hold citing increased confidence in management following the company's Q1 results. The firm has a $17 price target for shares.