NV5 Global (Nasdaq:NVEE) changed 0.19% to recent value of $79.09. The stock transacted 88659 shares during most recent day however it has an average volume of 113.11K shares. It spotted trading -18.21% off 52-week high price. On the other end, the stock has been noted 53.69% away from the low price over the last 52-weeks.
On June 24, 2019, NV5 Global (Nasdaq:NVEE) a provider of professional and technical engineering and consulting solutions, announced that it was awarded a contract to provide Delegate Chief Building Official (DCBO) services on behalf of the California Energy Commission for the construction of the Stanton Energy Reliability Center owned by W Power, LLC in partnership with Wellhead Energy, LLC. The contract includes plan review, on-site building inspections, document control and worker safety monitoring and has an estimated value of $3 million over 16 months.
The Stanton Energy Reliability Center (SERC) is a state-of-the-art hybrid energy storage system that consists of two General Electric (GE) LM6000 based EGTs. In total, SERC will provide 98 MW (nominal) of hybrid energy storage capacity. Located in the City of Stanton, Orange County, California, SERC is one of the first green-field commercial applications of the EGT technology developed by Wellhead Power Solutions, LLC and is expected to combine dispatchable, operationally flexible and efficient energy generation to meet the need for new local capacity and reliability services in the West Los Angeles Basin.
The success that we have seen in our ENERGY 2021 strategic initiative is a testament to the exceptional leadership and execution by our entire Energy group. Our continued commitment to leveraging NV5’s collective capabilities and delivering exceptional technical expertise to our clients has allowed us to capitalize on opportunities like the SERC throughout California and across the country, said Dickerson Wright, PE, Chairman and CEO of NV5.
We are excited to be a part of this unique hybrid energy storage project that aims to deliver reliability services while maintaining a low carbon footprint, said Shannon Hunter, Project Manager at NV5.
The SERC project is groundbreaking because it provides a new method of electric reliability for the grid by leveraging battery storage to make power immediately available and environmentally friendly, stated Kevin Wedman, Senior Vice President of Energy at NV5. NVEE has a gross margin of 47.70% and an operating margin of 8.30% while its profit margin remained 6.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 39.60% for this year while earning per share for the next 5-years is expected to reach at 23.20%.
The company has 12.54M of outstanding shares and 10.12M shares were floated in the market. According to the most recent quarter its current ratio was 2.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.22% from the mean of 20 days, 10.10% from mean of 50 days SMA and performed 8.48% from mean of 200 days price. Company’s performance for the week was 2.81%, -1.46% for month and YTD performance remained 30.62%.
James Blair has more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. James is the Senior Editor of Financial category. He also holds an MBA from Penn State University He has two daughter and two children.
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