Blue Earth Rallies After Delivering $1.2 Million Energy Savings (BBLU)

Blue Earth (OTC: BBLU) finished today’s trading at a share price of $1.03, with a minor gain of 3.1% compared to yesterday’s closing price. Volume of the stock spiked to a total of 55,285 shares, bypassing its average of 7,825 shares.

At the same time, Blue Earth announced that its wholly-owned subsidiary, Castrovilla, completed installation of energy efficient Electronically Commutated Motors, Anti-sweat Heater Controls, Evaporator Fan Controls, Gaskets, Door Closers and Strip Curtains in 621 7-Eleven stores located in California, Washington and Oregon. On 7-Eleven’s behalf, CI also secured approximately $1.3 million in rebates from numerous west coast utilities.

Despite today’s rally, the share price of Blue Earth has steadily dropped 20.8% since New Year’s Day. However, closing in the green today does put Blue Earth at minor gain of nearly 1.0% since June 18, 2012, which might be a sign of the stock’s future potential to reverse its less-than-attractive overall performance.

Blue Earth has been promoted by a number of newsletters. For example, Small Cap Stock Plays has repeatedly promoted Blue Earth and received compensation of $80,000 through the issuance of 8,000 units of Series B Convertible Preferred Stock from the company. According to @pennystock24 on Twitter, Small Cap Stock Plays promoted Blue Earth today.

There are 24 results found on stockpromoters.com regarding to the stock promotion of Blue Earth, which may include duplicate entries.

Here are some other recent headlines for Blue Earth:

  • July 2, 2012: Blue Earth announced that its wholly owned subsidiary, Castrovilla Blue Earth Energy Management Services, is in the process of implementing an additional $1.1 million in utility funded refrigeration rebate incentives under its highly successful “Keep Your Cool(TM)” Program.
  • June 27, 2012: Blue Earth announced that it has completed the installation of 1,655 energy efficient EC motors in 358 Carl’s Jr. restaurants located in California, Washington, Oregon and Idaho. The value of the completed retrofit program was approximately $288,000.
  • June 21, 2012: Blue Earth announced that its wholly-owned subsidiary, Xnergy, signed a 48 kilowatt commercial custom solar carport engineering, procurement and installation contract with Los Altos Foods Products, a manufacturer of unique cheeses and other food types in the City of Industry, California. The approximate value of the contract is $395,000.

Blue Earth, incorporated on March 30, 2007, is engaged in a mergers and acquisition strategy to acquire, license, develop, market, install and monitor clean-tech related technologies and energy management systems.

Here is a brief history on Blue Earth’s business acquisition and expansion:

  • August 31, 2010: The company sold all of the issued and outstanding common stock of Genesis Fluid Solutions, which was a wholly owned subsidiary.
  • January 1, 2011: The company acquired Castrovilla, based in Mountain View California, which manufactures, sells and installs commercial refrigeration and freezer gaskets and sells and installs motors and controls to approximately 5,400 small commercial businesses.
  • January 19, 2011: Castrovilla Energy, a newly formed California subsidiary of the company, acquired all of the assets of Humitech of Northern California, a California limited liability company and its related company, Castrovilla, with an Effective Date of January 1, 2011.
  • September 2011: Blue Earth acquired Xnergy.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.