Xzeres Corp (XPWR) was upgraded from Neutral to Outperform as quarterly sequential revenue growth resumed last quarter. Third fiscal quarter results are expected in mid-January
XZERES is positioned to benefit from the growth of the small wind energy industry. Access to capital through three separate financings over the last eight months, at first stabilized, and then, grew the company s revenue base.
XPWR reported second quarter earnings of -$0.06 per share. Second quarter earnings were better than year ago earnings of -$0.09 per share. The Zacks Estimate for the third quarter earnings is a loss of $0.05 per share, an improvement from the previous quarter.
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