Lime Energy (Nasdaq:LIME),sank 23 percent, the most since Dec. 1, to $4.88. The provider of energy efficiency engineering reduced its sales forecast to $73 million at most for the current fiscal year.
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Lime energy is a leadiing provider of integrated energy engineering, consulting and implementation solutions specializing in improving the energy efficiency of its clients’ facilities, reducing their operating costs and carbon emissions. They focus on two specific markets: the commercial and industrial market, including utilities, and the public sector market, working primarily with energy service companies (“ESCOs”). Lime has performed nearly one billion square feet of energy efficient building upgrades from coast to coast—that’s equal to 335 Empire State Buildings. Lime is committed to leading the energy efficiency movement for commercial, industrial and institutional real estate owners and occupants. Lime Energy is based in Elk Grove Village, Illinois and is traded on the NASDAQ under the symbol LIME. Their clients include commercial and industrial businesses, property owners and managers, utilities, and ESCOs serving U.S. government and educational institutions. They focus on deploying solutions to reduce the energy-related expenditures of its client’s facilities and the impact of their energy use on the environment, including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. The company provides energy efficiency solutions across all of their clients’ facilities, ranging from high-rise office buildings to manufacturing plants, retail sites, mixed use complexes and large, government sites to small, local facilities. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website or by calling 847-437-1666.
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