According to Zacks, “Active Power, Inc. designs, manufactures and markets power quality products that provide the consistent, reliable electric power required by today’s digital economy. The company is the first company to commercialize a flywheel energy storage system that provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. The company has developed a battery-free power quality system which is marketed under the Caterpillar brand name. “
Active Power (NASDAQ:ACPW) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $10.73 million for the quarter, compared to analysts’ expectations of $7.20 million. Active Power had a negative return on equity of 88.30% and a negative net margin of 24.03%.
In related news, major shareholder Perlus Microcap Fund L.P Pvam sold 81,774 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $0.38, for a total value of $31,074.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.00% of the company’s stock.
An institutional investor recently raised its position in Active Power stock. Renaissance Technologies LLC raised its stake in shares of Active Power Inc. (NASDAQ:ACPW) by 20.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 424,475 shares of the company’s stock after buying an additional 72,475 shares during the period. Renaissance Technologies LLC owned 1.84% of Active Power worth $412,000 at the end of the most recent quarter. 12.20% of the stock is owned by institutional investors.
Active Power Company Profile
Active Power, Inc designs, manufactures, sells and services flywheel-based uninterruptible power supply (UPS) products that use kinetic energy to provide short-term power as a cleaner alternative to electro-chemical battery-based energy storage. The Company also designs, manufactures, sells and services modular infrastructure solutions (MIS) that integrate critical power components into a pre-packaged, purpose built enclosure.
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