Currently, shares of ECOtality 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 TSLA is also trading higher on the session, although not nearly as much. Shares are currently up about 7.5%.
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