Executives, board members and some guests celebrated the 15th anniversary of PowerSecure’s launch by ringing the opening bell on the New York Stock Exchange on Wednesday. Now that’s a nice way to party ….
PowerSecure, which is based in Wake Forest, trades on the NYSE (NYSE: POWR).
“In 15 years, PowerSecure has grown from a powerful idea into dynamic company with more than 900 phenomenal employees managing more than 1 GW of power and serving utilities, data centers, hospitals, commercial, industrial and municipal customers with innovative solutions that deliver exceptional value,” said Sidney Hinton, chief executive officer of PowerSecure, in announcing the ringing-in.
“With our recently reported record revenues and record backlog, we are excited about the future for PowerSecure and honored to mark this milestone by ringing The Opening Bell at the New York Stock Exchange.”
On Aug. 5, PowerSecure reported the record results.
- Revenue growth across all segments drives 87.8 percent y-o-y growth to $107.2 million
- Solar, data center, microgrid and hospital wins drive backlog to record $468 million
- Operating expense leverage drives y-o-y operating margin increase of 8.6 percentage points
- Earnings per share of $0.04
“The second quarter produced record revenues, record backlog and solid bottom line results as we continue to focus on driving operating margin expansion, and pursue exciting new project opportunities in all four segments of our business,” Hinton said.
“Our acquired capabilities are delivering alongside the strong performance of our organic businesses and we saw especially healthy contributions this quarter from our solar, mission critical data center and retail energy services businesses.”
