Donaldson Company, Inc. (NYSE:DCI) Ratings Update

Wall Street analysts polled by Zacks Research have given Donaldson Company, Inc. (NYSE:DCI) a rating of 3.1 on a consensus basis. Using a simplified scale where 1 is a Strong Buy and 5 a Strong Sell, this is the average number of the 4 brokerages surveyed. The stock had a rating of 3.1 when analyst ratings were averaged three months ago.

The covering analysts have a one year price objective of $29.5 on Donaldson Company, Inc. (NYSE:DCI). The most bullish brokerage firm sees the stock heading to $32 , while the most conservative estimate has an objective of $24.

Earnings Look

Wall Street will be paying close attention when Donaldson Company, Inc. reports their next quarterly earnings report on 2016-02-23. Analysts polled by Zacks are expecting earnings per share of $0.43 for the period ending 2016-01-31. This is the consensus number based on the 4 broker predictions taken into consideration. On a longer term basis, sell-side analysts who project long term growth are expecting earnings of $10.04. This is the three to five year estimate for both earnings and sales.

Most recently Donaldson Company, Inc. reported actual earnings of $0.34 per share for the quarter ending on 2015-10-31. The actual reported number was $0.01 away from what analysts had expected, yielding a surprise factor of 3.03%.

Donaldson Company, Inc. (Donaldson) is a worldwide manufacturer of filtration systems and replacement parts. The Company’s product mix includes air and liquid filtration systems and exhaust and emission control products. The Company operates in two segments: Engine Products and Industrial Products. Products in the Engine Products segment consist of air filtration systems, exhaust and emissions systems, liquid filtration systems, and replacement filters. Products in the Industrial Products segment consist of dust, fume, and mist collectors, compressed air purification systems, air filtration systems for gas turbines, polytetrafluoroethylene (PTFE) membrane-based products, and specialized air filtration systems for applications including computer hard disk drives. Donaldson’s products are manufactured at 40 plants around the world and through three joint ventures.

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Donaldson Company, Inc. (NYSE:DCI) Ratings Update

Company Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) Drops by -55.65%

Real Goods Solar, Inc. (NASDAQ:RGSE) has lost 55.65% during the past week and dropped 64.34% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 53.98%. Real Goods Solar, Inc. (NASDAQ:RGSE) has underperformed the index by 64.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Real Goods Solar, Inc. has dropped 61.94% during the last 3-month period . Year-to-Date the stock performance stands at -94.69%.The company shares have dropped 96.96% in the past 52 Weeks. On November 18, 2014 The shares registered one year high of $18.4 and one year low was seen on November 13, 2015 at $0.45. The 50-day moving average is $1.17 and the 200 day moving average is recorded at $1.93. S&P 500 has rallied 0.9% during the last 52-weeks.

Real Goods Solar, Inc. (NASDAQ:RGSE) witnessed a decline in the market cap on Friday as its shares dropped 0.1% or 0.0005 points. After the session commenced at $0.52, the stock reached the higher end at $0.539 while it hit a low of $0.4518. With the volume soaring to 515,027 shares, the last trade was called at $0.51. The company has a 52-week high of $18.4. The company has a market cap of $6.3 million and there are 12,294,407 shares in outstanding. The 52-week low of the share price is $0.4518.

Currently the company Insiders own 13.99% of Real Goods Solar, Inc. shares according to the proxy statements. Institutional Investors own 10.21% of Real Goods Solar, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 329%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Real Goods Solar, Inc., Belluck David L had purchased shares worth of $1,244,133 in a transaction dated on July 15, 2015. A total of 378,156 shares were purchased at a price of $3.29 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Real Goods Solar, Inc. is a solar energy company. The Company serves commercial, residential, and utility customers. The Company provides a solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. The Company offers free home solar quotes, as well as solar system financing, design, engineering, permitting, installation, rebate acquisition, maintenance, and monitoring. Effective May 14, 2014, the Company acquired Elemental Energy LLC, doing business as Sunetric.

Company Shares of Real Goods Solar, Inc. (NASDAQ:RGSE) Drops by -55.65%

Solar Company Sol-Up USA Fights Back Against NV Energy

LAS VEGAS, May 19, 2015 /PRNewswire/ — Sol-Up USA, a solar company at the forefront of the fight between Nevada solar companies and NV Energy, is expanding their efforts to fight against the restrictions NV Energy is attempting to put on the residents of Nevada.

“We’ve taken multiple steps to address this issue and make our state government do the right thing,” said Frank Rieger, CEO of Sol-Up USA. “I doesn’t make sense for the government to back something that literally takes thousands of jobs out of our economy.”

This issue concerns net-metering and a cap that NV Energy is fighting to keep as low as possible. Net-metering refers to the process in which solar customers receive credits for the energy being put back into the grid whenever the customer produces more than they use. NV Energy then sells this back to its clients. If the net-metering cap is reached, NV Energy will stop buying solar energy, removing the incentive for solar customers and causing potentially thousands to lose their jobs.  

“Without net-metering, it’s more difficult for a customer to decide to go solar,” said Tu Anh Tran, CTO at Sol-Up USA. “There’s no reason for NV Energy to stop buying solar energy from customers, they still make a profit from selling it back to Nevada’s residents. This is a clear case of a corporation trying to kill competition.”

So far, Sol-Up USA has taken the following steps in an attempt to persuade the state government to side with solar companies as opposed to NV Energy:

• Sol-Up USA went to meet with state legislators in early April and ask for their support for Pace financing and Green Bank, which are instrumental tools to solar contractors.


• They were a large part of the rally outside of NV Energy’s headquarters on April 22.


• They wrote a letter to John Ellison, Speaker of the Nevada State Assembly, and received a response in which states he has no opinion on the matter, which is unacceptable in Rieger’s eyes.

“How can the Speaker of the State Assembly not have an opinion on the direction energy is going in his state?” said Rieger. “This affects thousands of people, it is very strange that he has put no thought into this issue. If he doesn’t have an opinion, we need to tell him to.”

Nevada residents who are looking for more information, or to let their politicians know the way they feel about this issue can visit: http://bit.ly/SaveNevadaSolar

Sol-Up USA is a solar company in Las Vegas. They specialize in residential and commercial solar installation, and use the most advanced solar technology on the market. For more information on Sol-Up USA and to get updates on this issue, people can visit: http://www.solup.com

 

SOURCE Sol-Up USA

RELATED LINKS
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Solar Company Sol-Up USA Fights Back Against NV Energy

Earnings Focus: Donaldson Company, Inc. (NYSE:DCI)

Investors will be intently watching the EPS number that Donaldson Company, Inc. (NYSE:DCI) reports when they announce their upcoming earnings. These investors will monitor how close the reported number is to the number that analysts had expected. Currently, analysts are predicting that the firm will report an EPS of $0.44 for the quarter ending on 2015-04-30. This estimate is based on 3 analysts that are giving their projections for the quarter.

In the previous fiscal quarter, Donaldson Company, Inc. (NYSE:DCI) posted EPS of $0.37. This number was $0 away from what analysts had predicted resulting with a surprise factor of 0% . Right before they reported, the standard deviation was $0.01.

Future of the stock?

The consensus has Donaldson Company, Inc. (NYSE:DCI) stock moving to $40.333 within the next year. This number is using the average of the 3 brokers that are providing predictions. On the high end, one analyst sees the stock at $43. On the low end, one analyst sees the stock at $38. The standard deviation for the price targets is $2.516.

When a simplified formula is put to use where a one indicates a Strong Buy and a five indicates a Strong Sell, the stock is presently rated 3.11, based on the consensus. Taking a look at the consensus trend, the three months ago stock rating was 3.11.

Donaldson Company, Inc. (Donaldson) is a worldwide manufacturer of filtration systems and replacement parts. The Company’s product mix includes air and liquid filtration systems and exhaust and emission control products. The Company operates in two segments: Engine Products and Industrial Products. Products in the Engine Products segment consist of air filtration systems, exhaust and emissions systems, liquid filtration systems, and replacement filters. Products in the Industrial Products segment consist of dust, fume, and mist collectors, compressed air purification systems, air filtration systems for gas turbines, polytetrafluoroethylene (PTFE) membrane-based products, and specialized air filtration systems for applications including computer hard disk drives. Donaldson’s products are manufactured at 40 plants around the world and through three joint ventures.

Earnings Focus: Donaldson Company, Inc. (NYSE:DCI)

Stock Watch: Donaldson Company, Inc. (NYSE:DCI)

Wall Street analysts have placed a target price of $40.333 for Donaldson Company, Inc. (NYSE:DCI). This number is based on the mean consensus estimate from the 3 research firms that recently issued reports on the stock.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock ranked 3.11 based on 3 broker recommendations. Of the 3 analysts who have issued estimates, the most bullish sees the stock reaching $43 within the next 12 months while the most conservative sees the stock at $38 within the year.

According to analysts, Donaldson Company, Inc. (NYSE:DCI) is expected to report earnings per share for the current fiscal quarter of $0.45. This is the consensus mean estimate based on the individual covering sell-side analysts\’ reported numbers. The company last reported earnings for the period ending on 2015-01-31 of $0.37. The reported number was 0 away from the consensus estimate, or a surprise factor of 0 .

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $0.98. The high end estimate for this time frame is $1.06 with the low being $0.92.

Donaldson Company, Inc. (Donaldson) is a worldwide manufacturer of filtration systems and replacement parts. The Company’s product mix includes air and liquid filtration systems and exhaust and emission control products. The Company operates in two segments: Engine Products and Industrial Products. Products in the Engine Products segment consist of air filtration systems, exhaust and emissions systems, liquid filtration systems, and replacement filters. Products in the Industrial Products segment consist of dust, fume, and mist collectors, compressed air purification systems, air filtration systems for gas turbines, polytetrafluoroethylene (PTFE) membrane-based products, and specialized air filtration systems for applications including computer hard disk drives. Donaldson’s products are manufactured at 40 plants around the world and through three joint ventures.

Stock Watch: Donaldson Company, Inc. (NYSE:DCI)

Local power company warns consumers about higher electric bills

HAMPTON S.C. (WJCL) — As a result of a cold February, Palmetto Electric is alerting consumers to the effects of the cooler weather on energy consumption. Palmetto Electric services Hampton, Beaufort and Jasper counties.  “With the cold temperatures comes increased usage and higher electric bills,” said Berl Davis, president and CEO of the utility.

Palmetto Electric saw a significant increase in both peak demand and energy usage in February 2015 compared to February 2014.  “Peak demand increased by over 23 percent and energy sales were up by 22 percent,” according to Davis.  February 2015 was 57 percent colder than February 2014 and 52 percent colder than normal for the month based on local weather data.

To help offset the increases caused by cold weather Palmetto Electric recommends a thermostat setting of 68 degrees in the winter.  For every degree above this setting consumers will add approximately 4-8 percent to their heating cost.  “Consumers should be especially cautious about not switching their thermostat to the ‘Emergency Heat’ setting as this will cause usage to skyrocket,” emphasized Davis. Each winter we determine that many high bills result from consumers mistakenly switching from the “Heat” setting to “Emergency Heat.”

Other energy saving tips include:

• Set thermostats at 55 degrees in a home that is vacant for a week or longer.


• Caulk around all doors and windows. Loose or cracked caulking should be removed or replaced.


• Weather-stripping is a real key to preventing heat loss. Doors and windows should be sealed to prevent drafts. Door bottoms are also culprits; install inexpensive “sweeps” on doors to keep out the cold. Don’t forget to weather-strip your attic access.


• Central heating systems should be given an annual cleaning and tune-up by a qualified technician.


• Keep air filters clean. The air filter of a central heating system should be replaced once a month during the heating season if a disposable filter is used.


• Have your chimney checked by a qualified chimney sweep and check your fireplace damper to be sure it opens and closes properly.

Consumers can view more information on ways to help keep electric bills down during cold weather by visiting Palmetto Electric’s website at www.palmetto.coop and click Together We Save.

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Local power company warns consumers about higher electric bills

Dutch Company Utilizes Plants To Power Streetlights, Wi-Fi, And Cell Phones

Over the past year, there has been a sudden boom from green technology companies to innovate ways to power cities never before thought of.

The Inquisitr reported on such daring projects in which the latest is about a prototype “wind tree,” a design that can harvest electricity from sloe-speed winds. In an earlier report on green power, a scientist found a way to create glow-in-the-dark plants, a beautiful alternative to bringing light to a city at night.

Now, there are reports of a new green method to provide power for people, which if utilized correctly, can replace present-day energy companies. This was discovered by a Dutch company that found a way to harvest electricity coming from the most unlikely of sources: plants.

According to Yes Magazine and followed-up by Inhabitat, the Dutch company known as Plant-e initially introduced their new energy project, known as “Starry Sky,” at a demonstration in Hembrug, Netherlands. In it, they were able to power 300 LED lights, a truly marvelous show for anyone in attendance. The unique part of this project is that the harvested electricity didn’t come from conventional or even traditional green energy sources — it was harvested from living plants.

Marjolein Helder, the co-founder and CEO of Plant-e, believes that the aforementioned method of harvesting electricity can be revolutionary. Using plants to generate clean energy provides an option on the table that has little to no impact on the environment, and may save consumers up to millions as a whole if implemented correctly into society. Yet, Helder understands to achieve such big dreams, one must take initial steps. For Plant-e, that is done not only through providing light, but by selling Wi-Fi hotspots, mobile chargers, and rooftop electricity modules, all fueled by living plants.

Apparently, the idea for using plants and photosynthesis to extract energy is an old one. Until now, such endeavors have been delegated to middle school projects, mostly in the form of clocks being powered by potatoes. Jim McGowan provided a graphic that gives a general summary of how this is done.

Though such an endeavor is novel, at this moment, it isn’t reliable as a commercial product. Ramaraja Ramasamy, an adjunct professor at the University of Georgia College of Engineering, explains that Plant-e utilizes sediment microbial fuel cells, a method that isn’t advanced enough to compete with more established green technology like solar panels and wind turbines. Also, it is fairly new, thus the research is quite limited.

In conclusion, Plant-e’s way of providing power through plants is interesting but not practical to use, especially in the United States and Japan, countries that use a monumental amount of electricity. Presently, Plant-e and other green technology companies like them are researching if it is possible to get around this situation.

Now that you’ve read the news on how a Dutch company is providing electricity through plants, what are your views? Do you think that such a way of providing power will eventually see the light of day in the United States or any other country that consumes a lot of electricity?

[Featured Image via Shutterstock, Post Image via Jim McGowan/Yes Magazine]

Dutch Company Utilizes Plants To Power Streetlights, Wi-Fi, And Cell Phones

Friday Stocks to Watch: PVH Corp , RetailMeNot Inc , Yingli Green Energy Holding Company Ltd

Shares of PVH Corp (PVH) appreciated hugely by the last call of the day, having gained 1.32 points or 1.18%. In a clear sign of heightened optimism, the price barely dropped below the opening level of 112.13 and shot up to 113.92 in intraday trade. The price closed near the days high at a level of 112.94 amid a volume of 690,018 shares. The counter had closed the previous session at 111.62. From a technical viewpoint, the 30-day moving average of 119.45 and the 60-day moving average of 120.15 are major levels to be watched. The stock price has a 52-week high of 133.89. All the trading currency is in USD.

RetailMeNot Inc (SALE) gained 0.38 points to close 2.5249% higher. The session began with the first transaction at 15.09 and the price swung wildly to hit a low of 14.83 and a high of 15.53. Finally, the stock closed at 15.43 with 689,517 shares exchanging hands. The previous close of the share price is 15.05. Among the major technical levels are the cluster of moving averages, the 30-day simple moving average of 14.59 and the 60-day simple moving average of 14.70. Closing and sustaining above the mentioned averages could lead to a swift jump in the share price. The trading currency is in USD.

Shares of Yingli Green Energy Holding Company Ltd (YGE) have closed the trading session on a flat note. The trading commenced at 1.94 and the stock moved in a tight range of 1.94 and 1.86 throughout the day before settling at 1.92. Volume recorded for the day was 687,391 shares. With the latest data included, the 30-day simple moving average is 2.10 and the 60-day simple moving average is 2.40. The 52-week high of the share price is 7.15 and the 52-week low is 1.87. Market participants must note that, according to the information available, the shares have seen a percentage change to the 52-week high is just 73.15%. All the price information is in USD.

Friday Stocks to Watch: PVH Corp , RetailMeNot Inc , Yingli Green Energy Holding Company Ltd

New Vestas manufacturing company receives first order

This in from MHI Vestas. In their own words. Ed

---

MHI Vestas Offshore Wind has received the first commercial order for the V164-8.0 MW from DONG Energy, the world’s leading developer of offshore wind power.

MHI Vestas Offshore Wind will deliver 32 machines for the 258 MW Burbo Bank Extension project off the coast of Liverpool Bay in the UK.

Blades for the project will be produced at the recently announced MHI Vestas Offshore Wind manufacturing facility on the Isle of Wight – the first facility with the capacity to serial produce blades for future UK offshore projects.

Milestone project
CEO Jens Tommerup says the order marks a historic milestone for MHI Vestas Offshore Wind and the wind industry in the UK,

“We are extremely pleased to receive the first commercial order for the V164-8.0 MW, our flagship wind turbine and a machine which will contribute to driving down the cost of offshore wind energy.

“DONG Energy were closely involved in the development and testing of the turbine and today’s announcement represents a significant vote of confidence from the world’s leading developer of offshore wind in the V164-8.0 MW and MHI Vestas Offshore Wind.

“MHI Vestas Offshore Wind will become the first manufacturer with the capacity to serial produce blades for future offshore wind projects in the UK. Serial production of 80m blades for the Burbo Bank Extension project will commence on the Isle of Wight from as early as Q2 2015.”

Samuel Leupold, Executive Vice President in DONG Energy, said

“We are very excited to being able to construct the Burbo Bank Extension offshore wind farm. The introduction of the MHI Vestas Offshore Wind V164-8.0 MW turbine will be an important measure in our joint efforts to reduce the cost of electricity of offshore wind. Bigger turbines, producing electricity more efficiently is an important element in realising our ambitious targets.”

About the Burbo Bank project
The 258 MW Burbo Bank Extension project lies off the coast of Liverpool Bay, in the UK. When installed the power plant will produce enough energy to meet the electricity requirements for approximately 180,000 houses.

The order includes supply, installation and commissioning of the wind turbines as well as a five year full scope service contract. Installation is expected to begin in 2016, and commissioning is expected to be completed in 2017. Pre-assembly of the turbines will take place in Belfast, Northern Ireland.

Manufacturing in the UK
MHI Vestas Offshore Wind will utilise the production hall at Vestas’ blades technology centre on the Isle of Wight from 1 January 2015 and will invest in upgrading the facility for serial production. The facility was opened in 2011 and was specifically designed to develop large blades for the latest wind turbines. The facility consists of two halls 170m long and 50m wide, one for testing and verification, and one for blade production, which will be leased by MHI Vestas Offshore Wind.

Jens Tommerup said,

“The Isle of Wight is a world class R&D centre for developing and testing blades. The blades for the V164-8.0 MW prototype were designed, manufactured and tested at the Isle of Wight facility so we have developed the unique skills and processes necessary to manufacture blades which makes it a good location to ramp up to serial production.”

Location map
View the location of this story in England, United Kingdom.

New Vestas manufacturing company receives first order

New silent wind turbine could generate half of a homes electric needs, says company The ...

Megan Treacy of Treehugger reports Silent rooftop wind turbines could generate half of a household’s energy needs

A Dutch company cased The Archimedes has developed a small, highly efficient, and silent rooftop wind energy generator called the Liam1, which it claims could generate half the power a typical house would need, and which they say would be ideal for combining with solar rooftop PV panels.

The company states that the Liam F1 turbine could generate 1,500 kWh of energy at wind speeds of 5m/s, enough to cover half of an average household’s energy use. … When used in combination with rooftop solar panels, a house could run off grid. “When there is wind you use the energy produced by the wind turbine; when the sun is shining you use the solar cells to produce the energy,” The Archimedes CEO Richard Ruijtenbeek said.

The Liam’s blades are shaped like a Nautilus shell. The design allows it to point into the wind to capture the most amount of energy, while also producing very little sound. The inventor of the turbine Marinus Mieremet says that the power output is 80 percent of the theoretical maximum energy that could be harnessed from the wind.

“Generally speaking, there is a difference in pressure in front and behind of the rotor blades of a windmill. However, this is not the case with the Liam F1. The difference in pressure is created by the spatial figure in the spiral blade. This results in a much better performance. Even when the wind is blowing at an angle of 60 degrees into the rotor, it will start to spin. We do not require expensive software: because of its conical shape, the wind turbine yaws itself automatically into the optimal wind direction. Just like a wind vane. And because the wind turbine encounters minimal resistance, he is virtually silent,” said Mieremet.

The Archimedes is now working on an even smaller turbine that could fit on top of lamposts, boats, and smaller applications.

With the announcement today of the EPA’s proposed new standards for reducing carbon emissions, we have all the more reason to look to renewable energy options to supply our energy needs.

Here is a link to the embedded video below that the company offers to explain the history of the Liam1 turbine. The Archimedes windmill movie ENG high quality

New silent wind turbine could generate half of a homes electric needs, says company The ...

Seda Malaysia denies granting feed-in approval for geothermal resources to any company

PUTRAJAYA: Sustainable Energy Development Authority of Malaysia (SEDA Malaysia) has not granted any feed-in approval for geothermal resources to any company, including Tawau Green Energy Sdn Bhd (TGE).

Chief Executive Officer Datin Badriyah Abdul Malek said although geothermal was included in the Schedule of the Renewable Act 2011 [Act 725] and the subsidiary legislation, which was gazetted on December 26, 2013, there was no tariff listed for geothermal resources as the rate was yet to be determined. 

“SEDA Malaysia will include the tariff for geothermal resources in the Schedule of Renewable Energy (RE) Act 2011 once the tariff is approved by the Ministry of Energy, Green Technology and Water,” she said in response to queries by Serdang Member of Parliament Dr Ong Kian Ming who asked whether the 30MW geothermal feed-in-tariff (FIT) quota had been awarded via direct negotiation to TGE.

In a statement, Badriyah said the information published by TGE on Nov 8, 2013 was true and valid due to the fact that geothermal energy qualified as a renewable resource under the feed-in tariff mechanism.

“The resource had been included in the amendment of the Schedule of RE Act 2011 gazetted on Dec 26, 2013. 

“SEDA Malaysia has not awarded any feed-in approval to TGE as has been claimed by Ong. TGE, like all applicants for feed-in approval, need to submit their application which currently could not be done as the tariff has not been listed in the schedule. 

“TGE would have to submit applications and adhere to all procedures to be eligible and qualify to be become a feed-in approval holder under the RE Act 2011,” she clarified.. 

Badriyah said SEDA Malaysia was aware TGE was undertaking the effort to develop its geothermal power plant as it was approved by the ministry in 2010 under the Small Renewable Power Programme Project before the feed-in tariff was implemented. 

“As clarified earlier, SEDA Malaysia has not granted any FIT approval to TGE. Thus the assumption the minister had over-ride SEDA Malaysia in deciding the quota allocation to the company is absolutely untrue,” she added. – Bernama

Seda Malaysia denies granting feed-in approval for geothermal resources to any company

Western NY town checked out by wind farm company

Associated Press

SOMERSET, N.Y. — Town officials in a western New York community on the shore of Lake Ontario say a Virginia company is talking to landowners about leasing land for a large wind farm.

Somerset Supervisor Daniel Engert tells the Buffalo News (http://bit.ly/Q4FgGA ) that Apex Clean Energy of Charlottesville, Va., is in the early stages of researching a large-scale wind energy development in the town.

Dan Fitzgerald, New York project manager for Apex, tells the newspaper the company is considering several sites for its first foray into New York.

The town of Somerset, 35 miles northeast of Buffalo, has an ordinance in place that’s open to wind development.

—Copyright 2014 Associated Press

Western NY town checked out by wind farm company

Renewable Energy Company Petra Solar Changes Name to Petra Systems

By Editors of Electric Light & Power/ POWERGRID International

Petra Solar, a global technology provider for the renewable energy, energy efficiency and distributed power generation markets, announced today that it has changed its name to Petra Systems. In addition, the company introduced a new smart city solutions for municipalities, transportation authorities and utilities.

Petra Systems will leverage the expertise developed over the past eight years as a core technology supplier to some the world’s largest mesh networked distributed power plants. Expanding the strategic focus beyond solar generation, Petra Systems will deliver intelligent, efficient, and remotely managed energy networks for smart city applications to be deployed by municipalities, transportation authorities and utilities.

In addition, Petra Systems introduced its newest product offering, the Petra Smart City Solution (Petra SCS), a fully integrated smart pole system that connects streetlight, energy generation, surveillance, data and communication networks to a city’s public works department.

“Electricity bills from streetlights are one of the largest expense line items for municipalities today, and cities recognize the benefits of LED retrofit programs to reduce their overall energy consumption,” said Steve Rhoades Petra Systems’ CEO. “We see an even greater opportunity to increase this value and strengthen smart city project economics through an integrated technology platform approach that combines the value of energy savings from LED retrofits and LED light controllers with the revenue generated by solar power production.

Petra Systems is a global technology provider for the renewable energy, energy efficiency and distributed power generation markets. With more than 200,000 installed systems worldwide, Petra Systems delivers reliable, cost effective smart energy solutions that intelligently power communities, cities, solar farms and grids.

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Renewable Energy Company Petra Solar Changes Name to Petra Systems