Lime Energy's Strategy Is Validated By Award From Central Hudson
By Tom Konrad (AltEnergyStocks): Lime Energy (NASD:LIME) has been a star in the very competitive energy services space recently because of its ability to maintain margins in what has been a very competitive environment. While competing small efficiency companies have been closing up shop in the Northeast, Lime has been growing revenues at 30% a year, while maintaining a gross margin of around 20%.Recently, Lime sold off due to an earnings miss arising from a big write-off and less than expected revenues in the company's Commercial and Industrial (C&I) division. This was the buying opportunity I was waiting for since I first wrote about the Lime last October.
Central Hudson Award
The stock has not yet recovered, but the recent announcement of the award of Central Hudson's (NYSE:CHG) direct install program may change that.Lime anticipates that the contract will be worth up to $25 million over a four year period, which shouldComplete Story »