Shares of ECOtality Trading Up 70%+
Currently, shares of ECOtality (NASDAQ: ECTY) are trading up over 70%. Yesterday, the company reported earnings that beat expectations. Although the company only has two analysts, the consensus estimates was for a quarter loss of $0.17. However, the company posted a profit of $0.04.
ECOtality also beat on revenue, reporting $13.7M versus an estimated $9.45M.
ECOtality is located in San Francisco and is involved with renewable energy and electric cars. Tesla Motors (NASDAQ: TSLA) is also trading higher on the session, although not nearly as much. Shares are currently up about 7.5%.
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