PowerSecure price target raised to $29 form $26 at RW Baird Baird raised its price target on PowerSecure following better than expected Q4 results. The firm cited top and bottom line results, storing backlog, and increasing demand across all units. Shares are Outperform rated.
News For POWR From The Last 14 Days
Check below for free stories on POWR the last two weeks.
PowerSecure receives distributed generation order from large energy customer PowerSecure announced that a large energy services company customer has placed an order for a distributed generation solution to a large federal prison in the Midwest. This award represents the first PowerSecure Energy Efficiency Services project that has included a DG solution.
PowerSecure 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.