Why PowerSecure International (POWR) Hit A Lifetime High Today

NEW YORK (TheStreet) -- PowerSecure International (POWR) was gaining 9.3% to $25.25, hitting a lifetime high of $27.43 Tuesday following a positive earnings report.

For the fourth quarter PowerSecure posted earnings of 13 cents a share, beating analysts' estimates of 9 cents a share by 4 cents. Revenue increased 66.4%from the year-ago quarter to 73.6 million. Analysts surveyed by Thomson Reuters expected revenue of $69.2 million.

The company's increase in revenue was largely due to gains in its energy efficiency and utility infrastructure businesses.

PowerSecure announced an all-time high revenue backlog of $248 million for the quarter. The company's operating margin dropped to 4.8% in the quarter, compared to 6.7% in the year-ago quarter.

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TheStreet Ratings team rates POWERSECURE INTL INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate POWERSECURE INTL INC (POWR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins."

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