|[May 14, 2014]
SHAREHOLDER ALERT: Investigation on Behalf of PowerSecure International, Inc. Investors Announced by Law Offices of Howard G. Smith
BENSALEM, Pa. --(Business Wire)--
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of PowerSecure International,
Inc. ("PowerSecure" or the "Company") (NYSE:POWR). The investigation
concerns possible violations of federal securities laws and focuses on
the Company's operations and financial prospects.
PowerSecure provides interactive distributed generation power systems,
smart grid monitoring, peak shaving and demand response, and standby
power dispatch and control solutions to electric utilities and their
commercial, instituional and industrial customers in the United States.
The investigation is related to the Company's May 7, 2014, announcement
of first quarter 2014 financial results. According to the Company, "our
utility infrastructure revenue shortfalls and operating inefficiencies
negatively impacted gross margins and our bottom line." The Company
reported, among other things, an adjusted loss of $0.17 per share,
compared to analysts' estimates of $0.02 per share, and a decrease in
the Company's gross profit margin from 30.6% in the prior year period to
20.9% in first quarter 2014. The Company attributed the disappointing
results to, in part, "mis-timed actions to shift resources to more
profitable customers, as revenues from those new customers were not
adequate to sustain our margins."
If you purchased PowerSecure shares, if you have information or would
like to learn more about these claims, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to email@example.com,
or visit our website at www.howardsmithlaw.com.
[ Back To TMCnet.com's Homepage ]