Infrastructure and Energy Alternatives (NYSE:IEA) – DA Davidson upped their Q3 2019 earnings estimates for shares of Infrastructure and Energy Alternatives in a research note issued on Monday, May 20th. DA Davidson analyst B. Thielman now anticipates that the company will earn $0.40 per share for the quarter, up from their prior forecast of $0.30. DA Davidson currently has a “Neutral” rating and a $7.00 target price on the stock.

Infrastructure and Energy Alternatives (NYSE:IEA) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.67). The company had revenue of $190.81 million for the quarter, compared to the consensus estimate of $144.30 million.

Separately, Zacks Investment Research downgraded shares of Infrastructure and Energy Alternatives from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st.

IEA stock opened at $3.45 on Wednesday. Infrastructure and Energy Alternatives has a 1 year low of $3.43 and a 1 year high of $11.27.

A number of hedge funds have recently added to or reduced their stakes in IEA. Renaissance Technologies LLC raised its stake in Infrastructure and Energy Alternatives by 131.0% in the third quarter. Renaissance Technologies LLC now owns 238,423 shares of the company’s stock worth $2,503,000 after buying an additional 135,200 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Infrastructure and Energy Alternatives by 36.6% during the third quarter. Vanguard Group Inc. now owns 499,605 shares of the company’s stock valued at $5,245,000 after purchasing an additional 133,763 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Infrastructure and Energy Alternatives by 36.6% during the third quarter. Vanguard Group Inc now owns 499,605 shares of the company’s stock valued at $5,245,000 after purchasing an additional 133,763 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Infrastructure and Energy Alternatives by 47.7% during the fourth quarter. Rhumbline Advisers now owns 23,279 shares of the company’s stock valued at $191,000 after purchasing an additional 7,518 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Infrastructure and Energy Alternatives by 42.5% during the fourth quarter. Acadian Asset Management LLC now owns 114,024 shares of the company’s stock valued at $932,000 after purchasing an additional 34,012 shares in the last quarter.

About Infrastructure and Energy Alternatives

Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.

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