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PowerSecure International (NASDAQ:POWR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $11.40 price target on the stock. Zacks‘s target price would suggest a potential downside of 0.44% from the stock’s previous close.

Shares of PowerSecure International (NASDAQ:POWR) traded up 5.72% during mid-day trading on Friday, hitting $11.45. The stock had a trading volume of 1,080,142 shares. PowerSecure International has a 52-week low of $6.41 and a 52-week high of $27.44. The stock’s 50-day moving average is $9.31 and its 200-day moving average is $15.69. The company’s market cap is $255.9 million.

PowerSecure International (NASDAQ:POWR) last released its earnings data on Wednesday, August 6th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.03. The company had revenue of $57.06 million for the quarter, compared to the consensus estimate of $57.50 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 18.7% on a year-over-year basis. Analysts expect that PowerSecure International will post $-0.35 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital upgraded shares of PowerSecure International from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $14.00 price target on the stock, up previously from $10.00. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.88.

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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