Juhl Energy, Inc. announced financial results for the first quarter ended March 31, 2014. Total revenue increased by approximately $685,000, or 27%, from approximately $2,531,000 for the three months ended March 31, 2013, to approximately $3,216,000, for the three months ended March 31, 2014. The increase in revenue is primarily attributable to the revenue associated with the completion of the development and construction activities of the 3.4 MW wind energy facility in Russells Point, Ohio combined with revenue increases from electricity sales of its consolidated wind farms due to better than average wind conditions and cell tower maintenance services which were not yet being recognized in the comparative period one year ago.

Operating loss increased by approximately $562,000, from an operating loss of approximately $470,000 for the three months ended March 31, 2013 to an operating loss of approximately $1,032,000 for the three months ended March 31, 2014. The increase in operating loss is primarily attributable to the operating expenses in establishing the tower services capability of Juhl Tower Services together with the operating expenses increases. Net loss increased by approximately $728,000, from a net loss of approximately $583,000 for the three months ended March 31, 2013 to a net loss of approximately $1,311,000 for the three months ended March 31, 2014.

The increase is primarily attributable to the operating loss incurred in the tower maintenance business, combined with operating expense increases in stock compensation and professional fees. Basic and diluted net loss per share of $0.04 per common share for 2014 compared to the $0.03 net loss per common share for 2013.