Juhl Energy, Inc. announced financial results for the second quarter and six months ended June 30, 2014. The company reported total revenue increased by approximately $585,000, or 19.9%, from approximately $2,935,000 for the quarter ended June 30, 2013, to approximately $3,520,000 for the quarter ended June 30, 2014. The increase in revenue is primarily attributable to growth in engineering consulting services to the utility industry, together with sales of solar products associated with the February 2014 PVPower asset acquisition.

For the six months, the company reported total revenue increased by approximately $1,269,000 or 23.2% from approximately $5,467,000 for the six months ended June 30, 2013, to approximately $6,736,000 for the six months ended June 30, 2014. The increase in revenue is primarily attributed to development and construction activities relating to the completion of the 3.4 mw wind energy facility in Russells Point, Ohio in the first quarter, combined with revenue increases from electricity sales of consolidated wind farms due to better than average wind conditions as well as growth in engineering consulting services to the utility industry. Operating Loss increased approximately $654,000, from an operating loss of $1,604,000 for the six months ended June 30, 2013 to an operating loss of approximately $2,258,000 for the six months ended June 30, 2014. The increase in loss is primarily attributable to the negative operating margins of Juhl Tower Services as well as increases in stock compensation expense and professional fees, offset by higher margins from electricity sales of consolidated wind farms. Net loss increased by approximately $1,246,000 from a net loss of approximately $1,500,000 for the six months ended June 30, 2013 to a net loss of approximately $2,746,000 for the six months ended June 30, 2014. The increase in net loss which is primarily attributable to a $592,000 swing in the fair value adjustments of the interest rate swap arrangement, together with the reasons cited under operating loss above for tower services, stock compensation expense and professional fees. Basic and diluted net loss per share of $0.08 per common share for the six months ended June 30, 2013 compares to the $0.11 net loss per common share for six months ended June 30, 2014.