Ardour Capital upgraded Comverge (COMV) this morning from Accumulate to Buy and raised the price target to $17.

Hat tip to StreetInsider.com for following analyst comment:

“COMV’s 2Q09 revenues were in line with our estimates and the Company is on track to meet FY09 targets. We are impressed with COMV’s progress in the build-up of its megawatts under management portfolio. In our view, strategic partnerships put COMV in a strong position to drive future growth.”