Gemma Power Systems
About Gemma Power Systems
Gemma Power Systems is an engineering, procurement, and construction (EPC) company. It provides solutions for the power and renewable energy industry. It is based in Glastonbury, Connecticut.
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Latest Gemma Power Systems News
Dec 7, 2023
Ballygally View Images/iStock via Getty Images Argan’s (NYSE: AGX ) stock on Thursday plunged as much as 17% to a three-month low, a day after the engineering and construction company reported a quarterly profit that was less than what Wall Street analysts had estimated. Net income fell 30% to $5.46 million, or $0.40 a share, in the three-month period ended October 31 from $7.75 million, or $0.56 a share, a year earlier. Analysts had forecast earnings of $0.86 a share. Revenue rose 39% to $163.8 million, beating the consensus estimate of about $161 million. Argan ( AGX ) blamed difficulties with completing work on the Kilroot power plant in Northern Ireland. It stopped generating electricity from burning coal at the end of September, and the gas-fire replacement is due to begin operation next year. “Our international subsidiary APC encountered significant and escalating operational and contractional challenges associated with the Kilroot project,” David Watson, president and chief executive of Argan, said in a call with investors on Thursday. “We delivered solid profitability outside the Kilroot job…and we saw continued strength in our balance sheet.”
Gemma Power Systems Frequently Asked Questions (FAQ)
Where is Gemma Power Systems's headquarters?
Gemma Power Systems's headquarters is located at 769 Hebron Avenue, Glastonbury.
Who are Gemma Power Systems's competitors?
Competitors of Gemma Power Systems include Longroad Energy and 4 more.
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