PowerSecure International Upgraded by Lake Street Capital to “Buy” (POWR)
PowerSecure International (NASDAQ:POWR) was upgraded by Lake Street Capital from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Craig Hallum upgraded shares of PowerSecure International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. They now have a $12.00 price target on the stock, down previously from $13.00. Separately, analysts at TheStreet downgraded shares of PowerSecure International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Finally, analysts at Zacks downgraded shares of PowerSecure International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $6.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.06.
PowerSecure International (NASDAQ:POWR) opened at 10.10 on Thursday. PowerSecure International has a one year low of $6.41 and a one year high of $27.44. The stock’s 50-day moving average is $8.16 and its 200-day moving average is $17.49. The company’s market cap is $225.9 million.
PowerSecure International (NASDAQ:POWR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that PowerSecure International will post $-0.41 EPS for the current fiscal year.
PowerSecure International, Inc is a provider of products and services to electric utilities and to their commercial, institutional and industrial customers.
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