Kassirer Asset Management Corp adds PowerSecure International (POWR) to its portfolio

PowerSecure International (POWR) : Kassirer Asset Management Corp added new position in PowerSecure International during the most recent quarter end. The investment management firm now holds 169,260 shares of PowerSecure International which is valued at $3,175,318 , the company said in a statement filed on May 2, 2016 with the SEC.PowerSecure International makes up approximately 3.77% of Kassirer Asset Management Corp’s portfolio.

PowerSecure International opened for trading at $18.74 and hit $18.76 on the upside on Friday, eventually ending the session at $18.76, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 3,52,896 shares. Company has a market cap of $422 M.

Other Hedge Funds, Including , Ifp Advisors Inc reduced its stake in POWR by selling 900 shares or 64.29% in the most recent quarter. The Hedge Fund company now holds 500 shares of POWR which is valued at $9,380. Russell Frank Co sold out all of its stake in POWR during the most recent quarter. The investment firm sold 163,997 shares of POWR which is valued $3,070,024. Chicago Capital Management added POWR to its portfolio by purchasing 210,861 company shares during the most recent quarter which is valued at $3,947,318. PowerSecure International makes up approx 1.39% of Chicago Capital Management’s portfolio. Oppenheimer Co Inc sold out all of its stake in POWR during the most recent quarter. The investment firm sold 67,916 shares of POWR which is valued $1,271,388. Strs Ohio sold out all of its stake in POWR during the most recent quarter. The investment firm sold 47,300 shares of POWR which is valued $887,821.

On the company’s financial health, PowerSecure International reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.06. The company had revenue of $106.98 million for the quarter, compared to analysts expectations of $102.84 million. The company’s revenue was up 64.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on PowerSecure International. Robert W. Baird Downgraded PowerSecure International on Mar 15, 2016 to ” Neutral”, Price Target of the shares are set at $18.PowerSecure International was Downgraded by Craig Hallum to ” Hold” on Feb 25, 2016. PowerSecure International was Downgraded by Lake Street to ” Hold” on Feb 25, 2016.

PowerSecure International Inc. is a provider of products and services to electric utilities and to their commercial institutional and industrial customers. The Company operates through three segments: Distributed Generation Utility Infrastructure and Energy Efficiency. Its Distributed Generation segment manufactures installs and operates electric generation equipment on site at a facility where the power is used including commercial institutional and industrial operations. Its Utility Infrastructure segment is focused on helping electric utilities design build upgrade and maintain infrastructure that enhances the efficiency of their grid systems. The Company has two primary Energy Efficiency product and service offerings: light emitting diode (LED) lighting fixtures and lamps and energy efficiency upgrades for energy savings company (ESCO) customers and retailers. The Company conducts its business through its wholly owned subsidiary PowerSecure Inc.

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