Comverge (COMV) Gets Buy Rating From Ardour Capital

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01:33:58 pm on August 7, 2009

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

Hat tip to 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.”

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