Zacks Upgrades PowerSecure International to “Neutral” (POWR)
PowerSecure International (NASDAQ:POWR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $9.30 price objective on the stock. Zacks‘s price target would suggest a potential upside of 2.09% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Lake Street Capital upgraded shares of PowerSecure International from a “hold” rating to a “buy” rating in a research note on Thursday, June 26th. Separately, 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. Finally, analysts at TheStreet downgraded shares of PowerSecure International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.66.
PowerSecure International (NASDAQ:POWR) traded down 3.51% on Tuesday, hitting $8.79. 727,134 shares of the company’s stock traded hands. PowerSecure International has a 52-week low of $6.41 and a 52-week high of $27.44. The stock has a 50-day moving average of $8.36 and a 200-day moving average of $17.1. The company’s market cap is $196.6 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. On average, analysts predict that PowerSecure International will post $-0.41 earnings per share 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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