PowerSecure International, Inc. announced that it has received $10 million of new awards for its Interactive Distributed Generation (IDG) smart grid power systems.
According to a release, the majority of this new business is a second award from a major U.S. retail chain to install IDG systems for an expanded number of stores, increasing a program which began in mid-2010. Additionally, the Company announced that it has entered into new master agreements with two additional U.S. retail chains to deploy IDG systems, the number and specific locations for which are in development. The Company's IDG systems will deliver these retailers with a more efficient power source during peak power periods, and dependable standby power "24 x 7".
The $10 million of new business announced includes $9 million of recurring revenue contracts for the second award of IDG systems for the first-mentioned retailer. These systems are expected to be installed during the first half of 2011, and the revenues from this contract are expected to be recognized over a five year period, the Company said.
Sidney Hinton, CEO of PowerSecure, said, "We are very excited about these new programs with retailers. We have been blessed to receive an earlier-than-expected expansion of the program we started this summer with one major U.S. retailer, and also establish master agreements with two additional retailers. Our IDG systems have a track record of delivering the retailers we already serve a very strong value proposition, and we have hundreds of retail stores and distribution centers in our smart grid programs today. We are especially pleased that we are able to serve these new retailers under our recurring revenue model. We are eager to demonstrate our value with these initial installations, with the goal of earning the opportunity to support even larger numbers of store and distribution center locations with our IDG systems in the future."
PowerSecure International (NASDAQ:POWR) has potential upside of 61.9% based on a current price of $8.44 and an average consensus analyst price target of $13.67.
: Eigentlich müsste es hier bald eine Aufwärts-
bewegung geben. Smart Grid ist nach wie vor gefragt und die Auftragslage ist laut allen Berichten sehr gut. Außerdem waren sowohl Q2- als auch Q3- Zahlen mit jeweiliger Umsatzsteigerung angegeben worden ( gegenüber Vorjahr) und so gesehen dürften auch Q4- Zahlen eher gut ausfallen, von daher glaube ich an eine baldige Trendwende im Kurs, also nach oben.
----------- Börse trägt das Risiko immer mit sich, die Gewinne hat sie nur manchmal dabei.
WAKE FOREST, N.C., Apr 19, 2012 (BUSINESS WIRE) -- PowerSecure International, Inc. POWR +0.40% has scheduled its first quarter 2012 earnings release and conference call for Thursday, May 3, 2012, after the market close. The Company will issue its first quarter 2012 earnings release at approximately 4:15 p.m. eastern time, and will hold its earnings conference call from 5:30-6:30 p.m. eastern time.