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.
PowerSecure acquisition positive, says Roth Capital After PowerSecure (POWR) announced it acquired the data center energy services business of Power Design, Roth Capital says the deal should accelerate PowerSecure's penetration into the data center market at what appears to be an attractive price. The firm reiterates a $14 price target and Buy rating on the shares.