Tag Archives: Comverge

Comverge (COMV) Posts Mixed Results, But Surprised With Non GAAP EPS Profit

Demand response company Comverge (COMV) got a pop in early trading this morning after the company posted mixed results, but also posted a surprise non GAAP quarterly profit which is the first in company history.  However, most of the gains had evaporated by the end of the day.

The company reported a non GAAP EPS of .04/share on revenues of $37 million while analysts expected an EPS loss of .02 on revenues of $39 … Read the rest

Today’s Green Stocks Rating Roundup – SPWRA, ITRI, ENOC, COMV

JMP Securities is bullish on a few green stocks due to an expected increase in electricity demand which the firm sees sparking increased efforts to develop alternative energy solutions.  They see good value in demand response players EnerNOC (ENOC) and Comverge (COMV) as well as US solar company Sunpower (SPWRA) and have an Outperform rating on all three.

===> Click Here For Your FREE Daily Sunpower (SPWRA) Technical Analysis

Analysts have weighed in on Itron … Read the rest

Piper Jaffray Resumes Coverage On Smart Grid Stocks: COMV, ITRI, ELON, ENOC

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.”
===> Click Here For A Free Comverge Technical Analysis

Itron (ITRI) at Neutral Read the rest

Demand Response Analyst Ratings Updates On EnerNOC (ENOC), Comverge (COMV)

Needham & Company is reiterating its Buy rating on Comverge (COMV) and price target of $14 after the company reported earnings last night.  Hat tip to Street Insider for the analyst comments.

“We continue to view Comverge’s momentum in US residential (along with its improving presence in C&I) as vital to maintaining its position among the elite in the evolving demand response space. Further, we hold a positive view of the company’s growing turnkey … Read the rest

Comverge (COMV) Reports About Inline & Reaffirms Guidance, But Steep Losses Remain

Comverge (COMV) reported results that were inline with analyst estimates on the EPS side and a bit above on the revenue side.  The company reported a non GAAP EPS loss of .39/share on revenues of $17 million vs the analyst estimate of a .39/share loss on revenues of $15.80 million.  For a company that expects to break even to post a bit of profit next year, it’s got its work cut out.  On the revenue … Read the rest

Morning Analyst Ratings (COMV, FSLR, CREE)

Needham & Company has initiated coverage on Comverge (COMV) with a Buy rating and $14 price target.  Shares of COMV could use a boost.  They remain in a down trend and there is resistance all the way up to the 11.15 level of the 200 day moving average.  Hat tip to Street Insider for the following analyst comment:

“Overall, we view Comverge’s strong presence in US residential demand response (along with its building presence in … Read the rest

Comverge (COMV) Secures $74 Million In PJM Auction, Increases Market Share

Comverge (COMV) didn’t have as much success in securing future revenues in the PJM market as EnerNOC (ENOC) did, but they have announced that they secured more than $74 million in future contracted revenue as a result of the 2013/2014 Reliability Pricing Model Base Residual Auction.

===>  Click Here For Your FREE Comverge Analysis

What is this PJM market you ask?  PJM Interconnection is a regional transmission organization that manages and operates the wholesale … Read the rest

Comverge (COMV) Misses Estimates, But Reaffirms Guidance

Comverge (COMV) reported a wider loss of .41/share this morning, 5 cents worse than Wall St estimates.  Revenues were also lighter than what Wall St anticipated at $13.4 million (estimates called for $16 million).  With revenues increasing 16% over the year ago quarter and MW under contract increasing 15% I would have liked to have seen a much better EPS number, so all in all, a disappointing quarter out of COMV which is expecting in … Read the rest

NV Energy to Continue Partnership With Comverge (COMV)

NV Energy just announced that it has extended its partnership with Comverge. Under the agreement, Comverge will keep managing NV Energy’s 143 MW smart grid ready demand response program, which is currently the biggest in the country. ┬áComverge will also add an additional 12 MW of capacity to the program. Comverge will also provide NV Energy with SuperStat(R) programmable communicating thermostats and will continue to explore additional demand response technologies to ensure that NV Energy”s … Read the rest

Exelon (EXC) Subsidiary PECO Selects Comverge (COMV) Demand Response Solution

===> Click Here For Your FREE Comverge Analysis

Exelon’s (EXC) PECO subsidiary in Pennsylvania has selected Comverge’s (COMV) Apollo Demand Response Management System to meet energy efficiency targets required by Pennsylvania Act 129.  For the next 3 years Comverge will provide full turnkey services including call center services and includes the installation of nearly 150K energy management devices.  This will be largest demand response deployment in Pennsylvania.  PECO was one of the six recipients of … Read the rest