Key Developments: World Energy Solutions Inc (XWES.W)
3.76USD
14 May 2013
$-0.18 (-4.57%)
$3.94
$3.76
$3.76
$3.76
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$5.30
$2.78
Latest Key Developments (Source: Significant Developments)
World Energy Solutions Inc Acquires Northeast Energy Partners
World Energy Solutions Inc announced that it has acquired Northeast Energy Partners, LLC (NEP), a privately-held Enfield, CT-based energy management and procurement company, for approximately $7.9 million in cash plus an additional $5.2 million in seller notes and potential earn-outs. Full Article
World Energy Solutions Inc Secures Contract
World Energy Solutions Inc announced it has been selected by The Interlocal Purchasing System (TIPS/TAPS) as an approved energy services vendor for its members. TIPS/TAPS, a purchasing cooperative serving public and private school districts, colleges and universities, and other government entities at the federal, state, city, county and municipal levels, is designed to provide participating government buyers with substantial savings and value through cooperative purchasing practices. Full Article
World Energy Solutions Inc Raises FY 2012 Revenue Guidance
World Energy Solutions Inc raised fiscal 2012 revenue guidance from 40%-60% to 60%-70%. The Company reported revenue of $21.1 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $33.7 million for fiscal 2012. Full Article
NSTAR Selects World Energy Solutions Inc For Municipal Efficiency Program
World Energy Solutions Inc announced that it has been selected by NSTAR, a Northeast Utilities company, as an approved contractor within Municipal Program. The program is designed to help municipalities in Massachusetts save money on energy through the implementation of energy efficiency measures. Full Article
World Energy Solutions Inc Announces Board Changes
World Energy Solutions Inc announced that Phil Adams, Company President since 2007 and Chief Operating Officer since 2003, will now serve as President and Chief Executive Officer and Director of World Energy Solutions, effective immediately. He replaces Richard Domaleski, who has tendered his resignation as Chief Executive Officer and Director. Full Article
World Energy Solutions Inc Reiterates FY 2012 Guidance
World Energy Solutions Inc announced that it is reiterating its expectation to grow revenue by 40%-60% in fiscal 2012, with profit increasing at an even faster rate. The Company reported revenue of $$21.1 million and net income of $0.5 million, or $0.05 per share for fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $32.9 million for fiscal 2012. Full Article
NSTAR Selects World Energy Solutions Inc For Direct Install Program
World Energy Solutions Inc announced that it has been selected by NSTAR, the Massachusetts-based, investor-owned electric and gas utility, as an approved contractor within its Direct Install Program. This program is designed to help businesses with average monthly demand of 300 kW or less save money on energy through the implementation of energy efficiency measures. Full Article
World Energy Solutions Inc Comments On FY 2012 Guidance
World Energy Solutions Inc announced that it has paid less than 6x EBITDA for these companies, expects that they will help accelerate revenue growth beyond historical levels of 15%-20% to upwards of 40%-60% in fiscal 2012. Because of predominately fixed cost structure and the operating leverage in business model, it see EBITDA growing even more rapidly. Full Article
World Energy Solutions Inc Acquires GSE Consulting
World Energy Solutions Inc announced that it has purchased GSE Consulting, LP (GSE), a TX based energy management and procurement company, for approximately $8.6 million at closing plus a potential earn-out. Full Article
World Energy Solutions Inc Acquires Energy Efficiency Firm Northeast Energy Solutions
World Energy Solutions Inc announced that it has purchased Northeast Energy Solutions, LLC (NES), a privately held energy efficiency company. Terms of acquisition were not disclosed. Full Article
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