PowerSecure International Given New $14.00 Price Target at Lake Street Capital (POWR)
The analysts wrote, “PowerSecure saw strong momentum in Q4 in both the Distributed Generation (DG) and Utility Infrastructure (UI) segments, as revenue grew 27% and 40% YoY, respectively. Although the LED business was somewhat disappointing in the quarter as grocery chains suspended capital spending, it increased to $25 million in 2012 from $23 million in 2011. Lastly, the acquisition of Lime Energy’s (Nasdaq: LIME) energy services company (ESCO) support business looks to be a game-changer that can accelerate growth in the DG and LED lighting businesses. We believe PowerSecure has built a unique position in strong growth markets that should help drive revenue growth of roughly a 20%-25% CAGR.”
PowerSecure International traded up 11.64% on Friday, hitting $10.65. PowerSecure International has a 1-year low of $4.00 and a 1-year high of $9.56. The stock’s 50-day moving average is currently $8.73. The company has a market cap of $195.0 million and a price-to-earnings ratio of 68.63.
PowerSecure International last announced its earnings results on Thursday, March 7th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $46.80 million for the quarter, compared to the consensus estimate of $46.99 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts predict that PowerSecure International will post $0.45 earnings per share for the current fiscal year.
PowerSecure International, Inc. (PowerSecure) is a provider of Energy and Smart Grid Solutions to electric utilities and their commercial, institutional and industrial customers, and of Energy Services to oil and natural gas producers.
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