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Active Power Inc. (NASDAQ: ACPW)

 

Active Power (NASDAQ: ACPW), a manufacturer of flywheel uninterruptible power supply (UPS) systems and modular infrastructure solutions (MIS), reported results for the second quarter and six months ended June 30, 2015. Market Wired

 

ACPW Earnings & Outlook

Total revenue increased 42% or $8.9 million for the first six months ended June 30, 2015, compared to the first six months of 2014. Bookings increased 22% to $36.5 million for the first six months ended June 30, 2015, compared to $30.0 million in the first six months of 2014. Gross margin was 32.7% for the first six months ended June 30, 2015, compared to 23.0% in the first six months of 2014. Reduced net loss to $1.8 million in the first six months ended June 30, 2015 compared to a net loss of $8.3 million in the first six months of 2014.

 

Active Power CEO’s Comments

“The initial plan we put in place more than 20 months ago with a focus on bookings and backlog coupled with a balanced approach to sales execution and expense management continues to yield steady improvement,” said Mark A. Ascolese, president and CEO, at Active Power. “We reduced our operating expense in the second quarter of 2015 while revenue increased on both a sequential and annual basis. Bookings also increased more than 20% in the first six months of 2015 to $36.5 million compared to the same period in 2014.”

“With an opportunities pipeline that continues to grow, a stronger operating platform in place, and end markets that are increasingly receptive to our proprietary energy efficient solutions, we will remain focused on bookings, backlog, expense control, and cash management for the balance of the year.” Market Wired

 

Technical Analysis

ACPW is gapping up in pre market trading today to $2.27 up from yesterday’s close of $1.91 which is a 19% increase due to earnings release this morning. Taking a look at the daily chart we can see the stock hit a double top of $2.42 on April 16 and April 28 of this year. Since the double top the stock has been on decline reaching lows of $1.88 a couple of days ago. The $2.40 should be an interesting level for this stock to see if it forms a resistance or if it can shoot  thru that price. The next level would be the March 9 highs of $2.60. The stock has a relatively low float of 16.9 million making it poised to move at the opening bell.  It will be interesting to see if the stock can hold the gap up in price and continue its move up.

 

Company Profile

Active Power, Inc. designs, manufactures, sells, and services flywheel-based uninterruptible power supply (UPS) products and modular infrastructure solutions in the Americas, Europe, the Middle East, Africa, and Asia. The company’s products and solutions are designed to deliver continuous conditioned power during short-term power disturbances and outages, such as voltage sags and surges; provide ride-through power in the event of a utility failure; and support operations until utility power is restored or a longer term alternative power source, such as a diesel generator is started. Its products include CleanSource UPS and CleanSource HD UPS battery-free UPS systems that integrate proprietary UPS electronics and its flywheel energy storage system into one compact cabinet lineup. The company also offers CleanSource PowerHouse, an integrated continuous power system with switchboards and automatic transfer switch, monitoring and control systems, fire detection, lighting, security, and air conditioning; and modular IT infrastructure solutions. In addition, it provides customer support services, including deployment; start-up and commissioning; service, support, and monitoring; infrastructure needs assessment; vetting and validation; alignment with business objectives; and system design services. The company serves customers in various markets, including data centers, industrial/manufacturing, healthcare, casino and gaming, transportation, broadcast, and government through direct sales force, manufacturer’s representatives, distributors, original equipment manufacturer partners, and strategic IT partners. Active Power, Inc. was founded in 1992 and is headquartered in Austin, Texas. Yahoo Finance

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