You're going to have some bad times ahead of you as this company pivots and revenues climb again while the stock price rockets!
Again, what inside selling? You mentioned Yahoo's stats, they are showing there hasn't been any inside sales in the past six months. There has been some institutional selling but even with that the top holders have actually increased their share counts. Now, there hasn't been any insider buying and I would like to see that.
what inside selling? You mean the cashless exercise of RSU's? That don't count.
within the next three months the stock will be up over 30% in one day and it isn't going to take much for that to happen.... all the major shareholders are increasing their positions. Sege isn't resigning, that's your pipedream.
Since the company is no longer doing quarterly conference calls foe analyst they are putting more info on the web site? In addition, if you hit the submit button on the Ask Ron you can also see some shareholder Q &A.
Sounds like they are getting their ducks in a row for when they get the government grant as well as when the wire qualifies. More engineers, please!
Looking at the annual report and 10K, while Echelon does not have orders to ship product to Enel after the first quarter of this year it appears from the wording in the reports that the lines of communication with Enel are still open and future business is a possibility and they continue to own stock in Echelon.
Go the Echelon web site under investor relations and look at the slides from Tuesday's meeting. Making inroads on campus lighting deals with University of Miami and Univ of California, and city installations with Bellingham and Cambridge. The Cambridge project is a prototype for cities around the world. Huge savings and fantastic capabilities. Company is on the right track and in a year this is a $20 stock.
I like it too...Shows some pizaaz by the new hire that he believes in the product offering, the company, and his ability to sell new product based on his experience and contacts in the industry.
I wonder if had Oshman had lived if the company would be in the same position as today? They ramped up a lot of overhead during his time thinking they would capture a sizeable market share in the metering industry but that didn't pan out. It looks like wireless is the "go to" technology where applicable and they became a niche metering company. Still, they have a ton of control experience and products which hopefully will translate to increased revenue streams in the lighting and embedded business in the future.
They have developed a product that can be widely used with the tremendous upside. This isn't like the metering business where you have to WAIT years for a decision from a utility or government to move forward with a solution that only addresses half of the problem.
Echelon will exhibit their Lumewave™ Powerline-RF Gateway, a next-generation outdoor lighting control solution, which seamlessly integrates power line and wireless--two of the most widely used connectivity technologies. We believe this to be an industry exclusive. Apurba Pradhan told us that he belives every single light should be intelligently controlled, and Lumewave™ Powerline-RF Gateway enables cities to mix and match connectivity options, using wired and/or wireless links. He went on to explain that this is especially important when retrofitting decorative or historic luminaires. Booth 4501.
Effective corporate governance—from the boardroom to day-to-day management—forms the foundation of solid long-term company performance. That’s why when missteps happen, traditional analysts often look for leadership problems, such as rogue management teams or passive boards. ESG (environmental, social and governance) analysts extend the traditional view by prioritizing ongoing research into all aspects of governance, including the board of directors, management and shareholders.
A Diligent Board of Directors
A board of directors must be active and independent, both to provide effective guidance for a company and to maintain alignment with the shareholders. Indicators of a highly effective board include:
• separation of the CEO and board chairperson roles
• diligent oversight of company performance and strategic goals
• a diverse membership that brings a variety of points of view
• annual performance reviews of board members, including skill sets and competencies
• willingness of the board chair to address underperforming board members
Management That Puts Shareholders First
Compensation structure, ethical business practices and management transparency are key areas of concern for shareholders.
Long-term shareholders will see greater benefits if management compensation is more heavily skewed toward long-term incentives. Furthermore, performance metrics and specific targets should be disclosed annually so investors can understand and track management performance relative to goals set by management. An emphasis on equity compensation over cash also helps to align management incentives with shareholder interests.
A track record of ethical business practices is an important signal that management is avoiding unnecessary risks to shareholder value. Finally, management transparency about future plans allows shareholders to make informed decisions.
Shareholder Activity and Management Responsiveness
Shareholders may raise a variety of issues, such as board members not acting
He looks the part and has excellent experience.
Echelon Corporation (ELON), a leading independent control networking company for the Industrial Internet of Things (IIoT), today announced the appointment of Rick Schuett as Senior Vice President of Worldwide Sales. Schuett brings more than 20 years of leadership, core lighting experience, and proven sales success to the Echelon team. Rick will drive the Company’s go-to-market strategies in both the lighting and the LonWorks-based embedded systems business.
"We are very pleased that someone with Rick’s stature and experience has joined our leadership team and will be guiding our sales organization to the next level,” said Ron Sege, CEO and Chairman, Echelon Corporation. “Rick’s global experience, deep relationships, and rich industry knowledge have been instrumental and key to his success. We look forward as Rick continues to develop a top-notch, customer-focused sales organizations for Echelon.”
Aside from his core lighting experience, Schuett’s industry experience extends to the building tech, energy, renewables, IIoT, and Software-as-a-Service (SaaS)-based solutions.
Prior to Echelon, Schuett served in executive sales roles at NXEGEN LLC, Autani Corporation and Encelium Technologies. Rick played key roles at Lutron Electronics where he worked for 20 years. Schuett received his Bachelor of Science degree in Mechanical Engineering, with an Energy Systems concentration, from Rensselaer Polytechnic Institute.
Anyone still know if Echelon is still working with Tesla? How about Intel and some of the other tech companies like Intel who they have worked with and would now be considered part of IIOT? More jobs posted on the web site than in the past year and the auto case studies show an extremely strong ROI proposition. There have been some recent meter awards in Europe with companies Echelon has worked with in the past. With the end of the first quarter in this week looking forward to the cc and updates on further progress. I think the building blocks are in place for a strong bounce in the share price over the next several months.