Philip Adams, CEO of World Energy Solutions, bought 1,000 shares of World Energy Solutions (Stock Symbol: XWES) at $4.96 per share for a total amount of $5 thousand on March 17, 2014.
World Energy Solutions is headquartered in Worcester, Massachusetts.
On March 18, 2014, World Energy Solutions (XWES) and Navigant (NCI), a specialized, global expert services firm announced a new agreement that will make supply-side services, including energy procurement, available to Navigant clients. Under terms of the agreement, Navigant’s Energy practice will offer energy procurement services, backed by World Energy’s industry-leading auction platform, the World Energy Exchange(R), to clients across the firm in an effort to offer potential energy-cost savings.
On March 31, 2014, World Energy Solutions will release financial results for its fiscal fourth quarter and year end 2013 before the market opens, and will host a conference call later that morning at 10:00 a.m. ET to discuss the results.
According to Capital IQ, World Energy Solutions has a market cap of $57.06 million, an enterprise value of $65.45 million, and trailing 12 month revenues of $35.53 million.
World Energy Solutions, Inc. provides Efficiency Services segment provides turn-key electrical, mechanical, and lighting energy efficiency services to commercial, industrial, and institutional customers. The company operates World Energy Exchange, an online auction platform that enables energy consumers in North America to negotiate for the purchase or sale of electricity, natural gas, and other energy resources from competing energy suppliers who have agreed to participate on its auction platform in a given event; and enables buyers and sellers to negotiate for the purchase or sale of environmental commodities, such as renewable energy certificates, verified emissions reductions, and certified emissions reductions. It also enables demand response providers and energy consumers to come together in auction events designed to yield price transparency, heighten competition, and maximize the energy consumers share of demand response revenues. The company was founded in 1996.
Philip Adams’s most recent annual compensation from World Energy Solutions is a salary of $496,000, $101 in other compensation, and a total compensation of $495,981. Mr. Adams is 56 years old.
According to his biography, Mr. Philip V. Adams serves as President, Chief Executive Officer, Director of World Energy Solutions Inc. He has been appointed as Chief Executive Officer, Director of the Company, effective June 06, 2012. Mr. Adams has served as President since October 2007 and Chief Operating Officer since October 2003, and oversees corporate strategy, operations, marketing, direct and channel sales, finance, IT, and human resources functions. Prior to that, Mr. Adams was a senior executive at software and internet companies including Go2 market Momentum, LLC, Exchange Applications, Inc., Pegasystems, Inc., Corporate Software, Inc., Rowe Communications, Inc., and PC Connection, Inc. Mr. Adams also worked as a strategy consultant at Corporate Decisions, Inc., a company subsequently acquired by Mercer Consulting Inc.
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