$13.00
-0.10 (-0.76%)
Echelon Corp (ELON)
CAPS Rating:
The Company develops, markets, and supports a range of hardware and software products and services that enable OEMs and systems integrators to design and implement open, interoperable, distributed control networks.
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Wonderful technology, and I once held stock, but let's face it, (a) they lose money, (b) the turnaround is always around the corner, but never comes, (c) they don't really own anything that a big utility couldn't do itself, using Echelon's own open technology. So where's the profit?
Can't argue with you on a & b. For c, look up their neuron ID chips and LonWorks protocol for HVAC controls. They're not just a company that makes smart energy meters.
Interesting turn of events today. 3rd biggest utility starts an order with ELON. Changes everything.
Changes very little. Company has negative earnings, negative cash flow, and the revenue from the order is over a year out and spread over a long time frame. Good for Echelon? Yes, absolutely. It may help them stay stable and eventually grow, but the growth from this order was already more than in the share price before the 20% pop it generated.