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PowerSecure International (NASDAQ:POWR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, American Banking News reports. They currently have a $6.30 price objective on the stock. Zacks‘s price target indicates a potential downside of 12.38% from the company’s current price.

PowerSecure International (NASDAQ:POWR) traded up 9.10% on Tuesday, hitting $7.19. The stock had a trading volume of 3,137,457 shares. PowerSecure International has a one year low of $6.41 and a one year high of $27.44. The stock has a 50-day moving average of $20.82 and a 200-day moving average of $19.67. The company’s market cap is $160.8 million.

PowerSecure International (NASDAQ:POWR) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.19. The company had revenue of $52.80 million for the quarter, compared to the consensus estimate of $59.33 million. During the same quarter last year, the company posted $0.04 earnings per share. PowerSecure International’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that PowerSecure International will post $-0.40 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird cut their price target on shares of PowerSecure International from $29.00 to $17.00 in a research note on Friday. Separately, analysts at Roth Capital downgraded shares of PowerSecure International from a “buy” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $10.00 price target on the stock, down previously from $30.00. Finally, analysts at Lake Street Capital downgraded shares of PowerSecure International from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. They now have a $12.00 price target on the stock, down previously from $28.00. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.06.

PowerSecure International, Inc is a provider of products and services to electric utilities and to their commercial, institutional and industrial customers.

To view Zacks’ full report, visit Zacks’ official website.

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