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Infrastructure and Energy Alternatives, Inc. (IEA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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14.04-0.29 (-2.02%)
At close: 4:00PM EST

14.30 +0.26 (1.85%)
After hours: 7:56PM EST

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Previous Close14.33
Open14.55
Bid14.14 x 900
Ask14.30 x 1300
Day's Range12.35 - 14.89
52 Week Range1.63 - 24.13
Volume1,219,631
Avg. Volume1,136,043
Market Cap321.586M
Beta (5Y Monthly)1.77
PE Ratio (TTM)27.91
EPS (TTM)0.50
Earnings DateMar 08, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est13.00
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  • Infrastructure and Energy Alternatives, Inc. Integrates Merit SI Team to Provide Added Value to Customers
    GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Integrates Merit SI Team to Provide Added Value to Customers

    INDIANAPOLIS, March 05, 2021 (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, announced today that the solar project development and engineering services group from Merit SI, LLC, an expert sustainable energy infrastructure company, has joined IEA. The addition of Merit SI’s personnel will enable the Company to enhance its benefits to commercial, industrial and utility-scale customers. “The solar capabilities of the Merit SI team, combined with the broad reach of IEA, is a winning combination,” said Joe Broom, IEA’s Senior Vice President of Solar Construction Operations. “We also see future opportunities to collaborate with Merit Controls, an emerging leader in grid integration services and utility-scale power plant controls applications.” Through the integration of 10 Merit SI employees, IEA will now have in-house access to development support, pre-bid optimization, plant performance and solar PV/battery storage integration capabilities. These capabilities come at the ideal time following the recent two-year extension of the investment tax credits in December and will be of critical importance as IEA continues to grow and develop its already strong solar platform. The addition of these employees opens a variety of potential captive solar developments for IEA Constructors and White Construction, as well as the possibility of engagement with Merit Controls on future projects. “Combining Merit’s world-class solar project development and optimization capabilities with IEA’s trusted solar and wind energy construction provides unparalleled value to our customers,” said Tom Kuster, CEO of Merit SI and Merit Controls. “With our company’s over a gigawatt of solar experience and now the ability to create scalable end-to-end solutions, we believe future collaboration with IEA will be a great benefit to our shared client base.” About Infrastructure and Energy Alternatives, Inc.Infrastructure and Energy Alternatives, Inc. (IEA) 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 240 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. About Merit SI, LLCMerit SI is a sustainable energy infrastructure company and developer of energy projects for major industrial and energy infrastructure operators. Merit’s utility-scale solar and storage power portfolio includes Concho Valley Solar, a 160 MW solar facility located near San Angelo, TX and GulfStar Power Center, a 600 MW solar/300 MWh storage project located south of Houston, TX. Merit is owned in part by Turner Renewable Energy and has offices in Houston, TX, and Clinton, NJ. For more information, visit www.meritsi.com. About Merit ControlsMerit Controls provides advanced grid integration products and services for utility scale power generation, via a proven, fully integrated technology platform. Its expertise and intellectual property streamline initial grid integration, improve asset operating efficiency, reduce operational risk and ensure grid compliance. Merit Controls is a division of Merit SI Technologies, a wholly owned subsidiary of Merit SI. The company is headquartered in Clinton, NJ. For more information, visit meritsi.com/controls. About Turner Renewable Energy, LLCTurner Renewable Energy is wholly owned by Ted Turner. Turner Enterprises Inc., a private company, manages the business interests, land holdings and investments of Ted Turner, including the oversight of 2 million acres in 12 states and in Argentina, and more than 45,000 bison. For more information, visit www.tedturner.com. Forward Looking StatementsThis 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 the quarterly reports on Form 10-Q filed thereafter. 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. Contacts: IEA:Investors:Kimberly EsterkinADDO Investor Relationsiea@addoir.com310-829-5400 Media:Alyson Hanson Alyson.hanson@iea.net 765-828-2582 Merit SI:Ellen Backus ellen@cleanterrateam.com 612-616-2991

  • Infrastructure and Energy Alternatives, Inc. Awarded $70 Million Wind Construction Contract in Kansas
    GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. Awarded $70 Million Wind Construction Contract in Kansas

    INDIANAPOLIS, Ind., March 02, 2021 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded the Jayhawk Wind Farm contract valued at approximately $70 million. Apex Clean Energy, which develops, constructs, and operates utility-scale wind and solar power facilities across North America, awarded this project to IEA Constructors, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the construction of a utility-scale wind farm in Bourbon and Crawford counties in Southeast Kansas with capacity to inject 190 megawatts (MW) of electricity into the regional grid. Work on the Jayhawk Wind Farm began in February and is expected to be completed in late 2021. Apex will manage construction of the project, and IEA will self-perform all of the engineering, procurement and construction needs of the project, including the construction of project roads, the improvement of existing public roads near the construction site, the installation of collection systems, foundations and substations and the erection of 70 GE wind turbine generators. Kansas is an ideal place for wind construction. According to the American Clean Power Association, the state ranks fifth in the nation for wind power capacity and second for wind energy as a share of total electricity generation, with over 6,500 MW of operating capacity today and 43% of electricity from wind power. “Wind energy is an essential part of Kansas’ electricity generation, and IEA is excited to partner with Apex Clean Energy to continue the state’s transition to a carbon-neutral footprint,” said Chris Hanson, IEA’s Executive Vice President of Renewable Energy. “The project site for the Jayhawk Wind Farm is ideal. With high-voltage power lines already in place and accessible highways that will reduce the project’s need for new infrastructure, IEA will be able to minimize the construction’s environmental impact. In addition to contributing to the state’s goal of carbon neutrality, we are pleased to be able to bring continued employment to the state of Kansas and support local merchants, equipment suppliers and more by reducing their need to import clean electricity from other states.” “We are thrilled to partner with industry leader IEA to make Jayhawk Wind — Apex’s second project in Kansas — a reality,” said Ken Young, Chief Operating Officer of Apex Clean Energy. “During construction, the Jayhawk Wind project will generate significant local spending and create hundreds of local jobs. We look forward to creating, with IEA, an entirely new source of long-term revenue for the Sunflower State and Bourbon and Crawford counties for decades to come.” To date, IEA has constructed more than 20 gigawatts of renewable energy projects across North America. IEA was ranked #2 for wind construction amongst Engineering News-Record’s 2020 Top 400 Contractors. For more information on IEA’s ENR rankings please visit enr.com. About IEA Infrastructure 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 240 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. About Apex Clean Energy Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America. Our mission-driven team of more than 200 renewable energy experts uses a data-focused approach and an unrivaled portfolio of projects to create solutions for the world’s most innovative and forward-thinking customers. For more information on how Apex is leading the transition to a clean energy future, visit apexcleanenergy.com or follow us on Facebook, Twitter, and LinkedIn. 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 the quarterly reports on Form 10-Q filed thereafter. 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 EsterkinADDO Investor Relationsiea@addoir.com310-829-5400

  • Infrastructure and Energy Alternatives, Inc. to Report Fourth Quarter and Full Year 2020 Financial Results
    GlobeNewswire

    Infrastructure and Energy Alternatives, Inc. to Report Fourth Quarter and Full Year 2020 Financial Results

    INDIANAPOLIS, Feb. 23, 2021 (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 it will issue its financial results for the fourth quarter and full year ended December 31, 2020 after market close on Monday, March 8th. Management will conduct a conference call on Tuesday, March 9th at 11:00 am Eastern Time to discuss the quarterly results. To join the conference call, please dial (877) 407-0784 (domestic) or (201) 689-8560 (international) and ask for Infrastructure & Energy Alternatives’ Fourth Quarter and Full Year 2020 Conference Call. To listen via the Internet, please visit the investor section of the Company’s website at https://ir.iea.net/ at least 15 minutes prior to the start of the call to download and install any necessary audio software. The conference call will be archived on the Company’s website as well as available for replay for 30 days post the live call by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international) and providing the PIN code: 13716626. About IEA Infrastructure 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. Contacts: Peter J. MoerbeekKimberly EsterkinChief Financial OfficerADDO Investor RelationsPete.Moerbeek@iea.netiea@addoir.com765-828-2568310-829-5400