Powersecure International Inc (NYSE:POWR) Impresses Analysts; Rate Stock A ‘Buy’ Given Its Strong Earnings Report

Boston, MA, 03/14/2014 – PowerSecure International Inc (NYSE:POWR), a Delaware corporation, hit its lifetime high on Tuesday. The company was gaining 9.3% up to $25.25 and surged up to $27.43 on March 11, 2014 following a positive earnings report.

Beat Analysts’ Estimates

The oilfield machineries and equipment space company reported earnings of 13 cents per share for the fourth quarter 2013. It beat analysts’ estimate by 4 cents a share which was only s high as 9 cents per share. There was an increase of 66.4% in the revenue as compared to the same quarter results in the previous year. While analysts at Thomson Reuters were expecting revenue of $69.2 million, the company announced a surge of $73.6 million. This was on account of the gains in its energy efficiency and utility infrastructure businesses.

PowerSecure International Inc (NYSE:POWR) also announced an all time high revenue backlog of $248 million in the reported quarter. Its operating margin fell to 4.8% in the quarter. This is comparable to the operating margin of 6.7% in the same quarter of 2012.

Given PowerSecure International Inc (NYSE:POWR)’s robust revenue growth, good financial position with comparatively low debt levels, continuous growth in net income, excellent stock price performance and remarkable record of growth of earnings per share, analysts at The Wall Street rated PowerSecure as a ‘buy’. Analysts at Zacks have also rated the stock a ‘buy’, attributing Zacks Rank #2 to PowerSecure.

Lease Deal Disclosed

Mack Cali Realty Corp. (NYSE:CLI), which released the details of its office and office/flex commercial real estate assets in Westchester County, New York and also in Fairland County, Connecticut in the fourth quarter of 2013, announced inking a new lease deal with PowerSecure. Mack Cali announced that it has signed a lease deal with Solais lighting Inc., which is a lighting division of PowerSecure International Inc (NYSE:POWR). The lease incorporates 21,957 square feet of area at 650 West Avenue in Stamford.

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