Piper Jaffray has resumed coverage of a few smart grid stocks according to Street Insider.

Comverge (COMV) at Overweight and $12 price target.
“We believe Comverge’s diversified demand response platform, and growing presence in the commercial & industrial (C&I) segment, will result in significant revenue growth over the next 2 years with a healthy profitability inflection point being reached in 2H11.”
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Itron (ITRI) at Neutral with  $65 target.
“While delivery on awarded North American AMI projects will likely result in FY10 upside relative to consensus, we believe the prospect of decelerating growth in FY11 – absent sizable new contract wins – will constrain valuation expansion.”
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Echelon (ELON) at Neutral with $7 target.
“Delays with Echelon’s planned AMI deployment with Duke Energy have weighed on the stock, but longer term we remain confident in the company’s growth potential as a full solution provider…”
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EnerNOC (ENOC) at Neutral with $35 target.
“Our neutral stance to the stock balances EnerNOC’s market leadership position in the fast-growing demand response (DR) segment of the ‘smart grid’ market against high investor expectations and a lofty valuation.”
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