This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Juhl Wind, Inc. Announces Second Quarter 2012 Financial Results

Stocks in this article: JUHL

PIPESTONE, Minn., Aug. 16, 2012 /PRNewswire/ -- Juhl Wind, Inc. (OTCBB: JUHL, the "Company"), the Leader in Community Wind Power, announced today financial results for the Second Quarter ended June 30, 2012.

Second Quarter Highlights:

  • Diversification strategy to deliver sustainable growth gaining traction;
    • Wind Farm Ownership segment revenue increased by $1.55 million from only $98,000 a year ago.
    • Engineering Consulting segment contributed revenue of $770,000 in the Second Quarter, the initial quarter of operations.
  • Acquisition of Power Engineers Collaborative ("PEC") in April 2012 offers increased capabilities beyond wind and into the full range of clean energy sectors including natural gas, biomass, waste-to-energy, medium-to-large on-site solar, and support to larger wind farm construction.
  • Focus on maintaining strong liquidity position as the Company reported holding approximately $4.0 million in the form of cash accounts and short term investments, which includes approximately $383,000 in balances that are restricted by a debt covenant.  

Total revenue increased by approximately $792,000, or 72.9%, from approximately $1,087,000 for the quarter ended June 30, 2011, to approximately $1,879,000 for the quarter ended June 30, 2012. The increase is primarily attributable to the increased revenues from the effects of the acquisition of PEC in 2012 and three wind farm facilities in 2011.  Total revenue decreased by approximately $4,593,000, or 59.8%, from approximately $7,678,000 for the six months ended June 30, 2011, to approximately $3,085,000 for the six months ended June 30, 2012 as the Company achieved high levels of development fee income in the prior year on project closings.

Operating loss decreased in the Second Quarter by approximately $293,000, from an operating loss of approximately $1,005,000 for the quarter ended June 30, 2011 compared to operating loss of approximately $712,000 for the quarter ended June 30, 2012, primarily attributable to the effects of the additional revenues and operating profit margins obtained from the Company's acquisition activity.

For the quarter ended June 30, 2012, the Company incurred a net loss attributable to common stockholders of approximately $1,203,000, or $(0.05) per basic and diluted share, compared to net loss attributable to common stockholders of approximately $740,000, or $(0.03) per basic and diluted share in the year-ago period. For the six month period ended June 30, 2012, the Company incurred a net loss attributable to common stockholders of approximately $1,756,000, or $(0.08) per basic and diluted share, compared to net income attributable to common stockholders of approximately $1,966,000, or $0.09 per basic and diluted share in the year-ago period.

John Mitola, President of Juhl, commented, "Our second quarter results are the first to demonstrate the impact of wrapping our development business with a strong foundation of wind farm ownership and operation.  In addition the expansion of our advisory business with our acquisition of PEC underscores the strength of our strategy to become a more diversified clean energy company."

"While our core business will always center upon wind power development, ownership and operation, we have made great progress toward making a very natural progression into all forms of complementary clean energy.  We are confident that all of our operating divisions can work extremely well together by drawing from our core development skills while we move into other clean energy assets.  We plan to take similar steps in the latter half of 2012."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,569.95 +213.08 1.23%
S&P 500 2,037.24 +24.35 1.21%
NASDAQ 4,706.8440 +62.5320 1.35%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs