juhl energy inc (JUHL) Key Developments
Juhl Energy Team Receives of $5.5 Million Wind Energy Project at Tooele Army Depot Near Salt Lake City, Utah
Jul 21 14
Juhl Energy, Inc. announced that the U.S. Army Corps of Engineers Sacramento District has awarded a $5.5 million contract to the team of Juhl Energy, Inc., Aegis Renewable Energy, and Icenogle Construction Management Inc. for the development, construction and installation of a 1.5 - 2 megawatt wind turbine at the Tooele Army Depot near Salt Lake City, Utah. Juhl Energy will act in the capacity of the lead design and installation developer and subcontractor. The Tooele Army Depot supports Warfighter readiness through superior receipt, storage, issue, demilitarization and renovation of conventional ammunition and the design, manufacture, fielding and maintenance of ammunition peculiar equipment for the Army, Air Force and Navy facilities in the western United States and much of the Pacific Rim. The Tooele Army Depot Wind Project is currently in the development stage and is scheduled to break ground sometime in late 2014 or early 2015. When completed, it is expected that the wind project will provide enough energy to power 400 to 500 homes.
Juhl Energy, Inc. Announces Financial Results for the First Quarter Ended March 31, 2014
May 20 14
Juhl Energy, Inc. announced financial results for the first quarter ended March 31, 2014. Total revenue increased by approximately $685,000, or 27%, from approximately $2,531,000 for the three months ended March 31, 2013, to approximately $3,216,000, for the three months ended March 31, 2014. The increase in revenue is primarily attributable to the revenue associated with the completion of the development and construction activities of the 3.4 MW wind energy facility in Russells Point, Ohio combined with revenue increases from electricity sales of its consolidated wind farms due to better than average wind conditions and cell tower maintenance services which were not yet being recognized in the comparative period one year ago. Operating loss increased by approximately $562,000, from an operating loss of approximately $470,000 for the three months ended March 31, 2013 to an operating loss of approximately $1,032,000 for the three months ended March 31, 2014. The increase in operating loss is primarily attributable to the operating expenses in establishing the tower services capability of Juhl Tower Services together with the operating expenses increases. Net loss increased by approximately $728,000, from a net loss of approximately $583,000 for the three months ended March 31, 2013 to a net loss of approximately $1,311,000 for the three months ended March 31, 2014. The increase is primarily attributable to the operating loss incurred in the tower maintenance business, combined with operating expense increases in stock compensation and professional fees. Basic and diluted net loss per share of $0.04 per common share for 2014 compared to the $0.03 net loss per common share for 2013.
Juhl Energy, Inc. announced delayed 10-Q filing
May 15 14
On 05/15/2014, Juhl Energy, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Juhl Energy, Inc. Announces Executive Changes
Apr 15 14
Juhl Energy, Inc. announced that effective April 9, 2014, Chuck Templeton was appointed as a Class I Director of the Company whose term will expire at the annual meeting of shareholders in 2016. Mr. Templeton is an independent director as defined under NASDAQ rules and by the regulations of the Securities Exchange Act of 1934, as amended. Mr. Templeton will serve on the company's Audit Committee, Compensation Committee and Nominations and Governance Committee. Mr. Templeton, is currently the managing director of Impact Engine, Inc. and also serves as a director of Auctions By Cellular, LLC and a director of Getable, Inc. Effective April 9, 2014, General Wesley K. Clark (ret.) resigned as a director of the company and assumed the position of Senior Advisor to the Board.
Juhl Energy, Inc. Reports Earnings Results for the Year Ended December 31, 2013
Apr 15 14
Juhl Energy, Inc. reported earnings results for the year ended December 31, 2013. For the year, the company reported net loss attributable to common stockholders was $4.03 million, or $0.17 loss per share, compared to a net loss attributable to common stockholders of $3.52 million, or $0.16 loss per share, a year ago.