Blue Earth Files Amended 10K/A for Fiscal 14

Shares of Blue Earth Inc. (BBLU) are surging Tuesday after the renewable energy company filed an amended Form 10K/A to present on a retroactive basis the effects of certain events, including the resolution of litigation and the discontinuance of a significant component of its operations.

The restated financial statements reflect approximately $2.4 million of losses associated with the settlement of litigation for the year ended Dec. 31, 2014. The restated statements also reflect the reclassification of assets, liabilities and operations of its subsidiary Blue Earth Energy Management Services as discontinued operations.

Shares were up more than 16%, edging away from the low end of the 52-week range of $0.60 to $3.33.

Price: 0.87 Price Change: +0.12 Percent Change: +16.20