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Infrastructure and Energy Alternatives, Inc. (IEA)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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13.13+0.31 (+2.42%)
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Chart Events
Neutralpattern detected
Previous Close12.82
Open13.26
Bid13.21 x 900
Ask13.13 x 800
Day's Range12.46 - 13.44
52 Week Range1.63 - 14.47
Volume586,739
Avg. Volume562,118
Market Cap299.224M
Beta (5Y Monthly)1.04
PE Ratio (TTM)26.10
EPS (TTM)0.50
Earnings DateNov 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est13.00
  • Infrastructure and Energy Alternatives, Inc. Announces the Addition of Laurene Bielski Mahon to Board of Directors
    GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Announces the Addition of Laurene Bielski Mahon to Board of Directors

    INDIANAPOLIS, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced the appointment of Ms. Laurene Bielski Mahon to the Company’s Board of Directors, effective immediately. Ms. Mahon has been designated a Class III director and meets the Nasdaq independence standards. She will serve as an independent director on the Audit Committee. With Ms. Mahon’s appointment, IEA’s Board of Directors increases to nine members. Ms. Mahon is currently a Vice Chair at CIBC World Markets Corp. and oversees its infrastructure investment banking business, a position she has held since 2018. Previously, she was head of CIBC’s Global Infrastructure and Power Group. Prior to joining CIBC in 2013, Ms. Mahon was a senior expert within McKinsey & Company’s infrastructure practice. She also ran her own independent advisory consultancy for 11 years and has served in several senior roles, including Managing Director, North America for Chase Securities, Inc., now J.P. Morgan Securities, where she directed all of the firm’s project finance lending, underwriting and advisory business in North America.Ms. Mahon began her career in infrastructure as a transportation planner for the Port Authority of New York and New Jersey. She also spent several years as a journalist for The Boston Globe and The Bergen Record before serving in numerous executive roles at New Jersey Transit, including as Deputy Chief Financial Officer. Ms. Mahon received a BS in Journalism, summa cum laude, from Boston University and a Master’s in Urban Planning from Harvard University’s Graduate School of Design. She currently serves on the Board of Directors of Public Media NJ, Inc., a not-for-profit public affairs company.“It is with great pleasure that we welcome Laurie to our Board of Directors,” said Derek Glanvill, IEA’s Chairman of the Board. “Laurie’s exceptional background will complement our existing directors’ experiences, while also offering new perspectives and ideas to our Board.”About IEAInfrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA’s service offering spans the entire construction process. The Company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of the larger providers in the renewable energy industry and has completed more than 200 utility scale wind and solar projects across North America. In the heavy civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA’s website at www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events.Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the Securities and Exchange Commission, including those described as “Risk Factors” in IEA’s annual report on Form 10-K filed on March 12, 2020 and its quarterly reports on Form 10-Q. IEA does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.Contact:Kimberly Esterkin  ADDO Investor Relations  iea@addoir.com 310-829-5400

  • Infrastructure and Energy Alternatives, Inc. Extends Service Offering to Wind Customers Through Formation of New Renewable Energy Services Group
    GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Extends Service Offering to Wind Customers Through Formation of New Renewable Energy Services Group

    INDIANAPOLIS, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has formed a new Renewable Energy Services Group to expand on its portfolio of renewable construction services by offering technical maintenance and repair after construction. This group will serve as the next phase in the Company’s relationship with wind project owners, developers and OEMs. IEA’s new Renewable Energy Services Group expands upon the Company’s technical capabilities, field expertise, processes and tooling. Through these expanded service offerings, IEA will help its customers lower their operational costs, while still ensuring that they receive the highest quality of service and safety standards. As part of this new offering, IEA will provide extended services to wind customers, which include blade repairs, major component change-outs, repowering, life extension projects and other value-added specialized services.“Currently when a wind project is complete, infrastructure maintenance is often left to project developers and owners,” said Chris Hanson, Executive Vice President of IEA. “With the creation of our Renewable Energy Services Group, we will now have the opportunity to extend the relationship with our customers and provide comprehensive services throughout the lifespan of the project.”IEA has brought onboard a team of seasoned industry professionals from the renewable energy field that will spearhead the Renewable Energy Services Group. This team is led by Brant Patnode, Senior Vice President, Paul Idziak, Vice President of Business Development, Franco Repetto, Vice President of Commercial Operations, Keith Wharton, Vice President of Operations and Forrest Hach, Director of Field Operations. For additional information on the Renewable Energy Services Group please visit: iea.net.“I have worked with IEA for over a decade in the wind energy industry and have always been impressed with the quality of work they provide,” said Brant Patnode, Head of IEA’s Renewable Energy Services Group. “It is a privilege to build an industry-leading team with an organization that shares the same values for safety, quality, innovation and customer service that have guided me throughout my career.”To date, IEA has constructed more than 2 gigawatts of wind energy across North America. The Company was recently ranked 2 for wind construction amongst Engineering News-Record’s (ENR) 2020 Top 400 Contractors. For more information on ENR rankings, please visit enr.com.About IEAInfrastructure and Energy Alternatives, Inc. is a leading infrastructure construction company with renewable energy and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA’s service offering spans the entire construction process. The Company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of the larger providers in the renewable energy industry and has completed more than 200 utility scale wind and solar projects across North America. In the heavy-civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA’s website at http://www.iea.net or follow IEA on Facebook, LinkedIn and Twitter for the latest company news and events.Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipate,” “expect,” “could,” “may,” “intend,” “plan” and “believe,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release. For a full description of the risks and uncertainties which could cause actual results to differ from our forward-looking statements, please refer to IEA’s periodic filings with the Securities & Exchange Commission including those described as “Risk Factors” in IEA’s annual report on Form 10-K filed on March 12, 2020 and in its quarterly reports on Form 10-Q. IEA does not undertake any obligation to update forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.Contact:Kimberly Esterkin  ADDO Investor Relations  iea@addoir.com    310-829-5400

  • Why Infrastructure and Energy Alternatives Stock Rocketed 35% in Early Trading Today
    Motley Fool

    Why Infrastructure and Energy Alternatives Stock Rocketed 35% in Early Trading Today

    Construction- and engineering-focused Infrastructure and Energy Alternatives has two main business lines -- building renewable energy projects (about 70% of revenues) and civil projects (roughly 30%) such as roads and railways, and running large-scale cleanup projects. Both divisions posted solid numbers in the third quarter, with revenues up nearly 9% year over year on the civil projects side of the business and just shy of 35% in the renewable power division. While the company noted that new business awards have slowed down because of the pandemic, ongoing projects have not been significantly impacted.