Posts for Ticker ‘COMV’

The Smart Grid Surge Hitting Home (ITRI, COMV, ELON, ED, CEG, DUK, FPL, NVE, POM, SO)

Power Lines ImageWe are seeing at least some significant moves from the company’s who have announced that they are grant recipients under part of the $3.4 billion Smart Grid pledge from the Obama administration day.  We are seeing the big moves in the companies which traders and investors believe will receive the direct orders from the utilities, and are even seeing gains down in the utilities and power companies who are getting direct grants.

Itron Inc. (NASDAQ: ITRI), for smart metering systems, was up 3% at $59.56 with a $2.38 billion market cap.  Comverge, Inc. (NASDAQ: COMV), for peaking and base load capacity solutions to electric utilities, operators, and electric markets, is up 10% at $12.95 with a $286 million market cap.  Echelon Corporation (NASDAQ: ELON) is up 7% at $14.70 with a $598 million market cap.
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Posted on: October 27, 2009 – 3:37 pm in Green Biz, Politics, Utilities, , , , , , , , , ,

Rough Week For Smart Grid Players (ITRI, DGII, COMV, ENOC, ELON)

power-lines-picItron Inc. (NASDAQ: ITRI) is supposed to be one of the winners in the stimulus package.  The advanced metering company is known as the Smart Grid meter reader to many traders.  The company is involved in metering, data collection and utility software solutions for electric, water, and gas utilities, and it claims nearly 8,000 utilities worldwide as its customer base.  This is one of the companies deemed to be a winner under the Obama stimulus package.  Where this gets interesting is that Digi International (NASDAQ: DGII), Comverge, Inc. (NASDAQ: COMV), EnerNOC Inc. (NASDAQ:ENOC), and Echelon Corporation (NASDAQ: ELON) are all other smart grid plays and not large caps that have had a rough week in stock prices.
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Posted on: February 13, 2009 – 10:21 am in Cult Stock, Infrastructure, Technology Companies, Utilities, , , , , , , , , , , , ,

Worst Corporate Press Release Of The Day: Comverge (COMV)

Windmill_2_lgMost companies would never think of sending out a press release congratulating the new president. It looks too self-serving and smarmy.

Comverge (COMV) could not help making itself look foolish. The provider of clean energy solutions issued a press release congratulating Mr. Obama "on his commitment to usher in a new era in America’s energy policy — an era that calls upon comprehensive clean energy solutions to power our future. "

To make certain that the company looked like it was aligning itself with all that is right and good, it added Robert M. Chiste, Chairman, President and CEO of Comverge, said, "Comverge is uniquely positioned to support these goals and lead by example while demonstrating the benefits inherent in President-elect Obama’s commitment to a clean energy future. Our clean energy technologies for demand management and smart grid are very cost-effective now, even without government subsidies."

Comverge also believes that first degree murder should be punished by life in prison and that people should not be allowed to smoke in restaurants.

The press relations effort is working, The stock is only off 80% from its 52-week high of $35.25.

Douglas A. McIntyre

Posted on: November 5, 2008 – 2:39 pm in Politics,

Top Early-Bird Analyst Upgrades & Downgrades (COMV, CRM, V, BRCM, GW, IDTI, MRVL, QELP, STI)

These are some of the top analyst calls we are seeing this Tuesday morning:

  • Comverge (COMV) started as Buy at Jefferies.
  • Salesforce.com (CRM) Raised to Buy at Citigroup.
  • Visa (V) started as Outperform at William Blair.

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Posted on: August 26, 2008 – 6:34 am in Analyst Calls, , , , , , , , ,

Early-Bird Analyst Downgrades (AAP, ALNY, COMV, DISH, DPS, HAS, NATI, NVTL, STEL)

These are some of the early analyst downgrades or negative calls we are seeing this Wednesday in early pre-market hours:

  • Advance Auto Parts (AAP) Cut to Neutral at JPMorgan.
  • Alnylam Pharma (ALNY) Started as Underperform at Leerink Swann.
  • Comverge (COMV) Cut to Neutral at Broadpoint Capital.
  • DISH Network (DISH) Cut to Market Perform at Bernstein.
  • Dr. Pepper Snapple (DPS) Cut to Neutral at UBS.
  • Hasbro (HAS) Cut to Underperform at BMO Capital.
  • National Instruments (NATI) Cut to Neutral at Credit Suisse.
  • Novatel Wireless (NVTL) Cut to Sell at Piper Jaffray.
  • StellarOne (STEL) Cut to Underperform at Baird.

JON C. OGG
August 20, 2008

Posted on: August 20, 2008 – 6:32 am in Analyst Calls, , , , , , , , ,

52-Week Low Club (ALTU, SIL, CEG, COMV, EIX, ZINC, MIR, ZOLT)

Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows.

  • Altus Pharmaceuticals (NASDAQ: ALTU) tanked after Phase III cystic fibrosis tests failed to please on all fronts.
  • Apex Silver Mines (AMEX: SIL) fell nearly 40% after earnings disappointed.  At least they can use those mines for mushroom growth if they don’t find silver.

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Posted on: August 12, 2008 – 3:09 pm in HI/LOW, , , , , , , ,

Cramer’s Green Picks For Each Presidential Candidate (FSLR, COMV, SGR, NRG, COMV)

On CNBC’s MAD MONEY this evening, Jim Cramer said that as part of his green week and in picking alternative energy stocks, he wanted to identify which stocks would win under the alternative energy projects under each presidential candidate.

On the Democratic side, he said he wanted to identify which stocks would win under both Hillary Clinton and under Barack Obama.  He noted how the alternative and renewable energy policies are pages and pages on their websites. These were the following:

  • For solar power, he’s still gung-ho booyaah-ing First Solar (NASDAQ: FSLR).
  • For a smart electric grid play, he thinks Comverge (NASDAQ: COMV) is the play.
  • Lastly, he thinks agriculture stocks are the winners with all their lobbying.  But…. these aren’t green companies.

On the Republican side, Cramer identified the picks he thinks will do well under John McCain.  He also noted that his policy on alternative energy is less detailed and only one web page on his website.  These picks are as follows:

  • McCain has been a pro-nuclear fan, and his main pick is Shaw Group (NYSE: SGR) as the builder and designer of nuclear facilities.  His second pick was NRG Energy (NYSE: NRG) as the main nuclear power promoting utility in the U.S.
  • Cramer also said that McCain also believes in a smart grid, and that pick is also Comverge (NYSE: COMV).

Last night, Cramer went over his picks that he thinks will win in natural gas and on Monday night he returned to talk about his old picks in alternative energy stocks with Buy, Hold, or Sell recommendations on those.

Jon C. Ogg
April 23, 2008

Posted on: April 23, 2008 – 5:36 pm in Alternative Energy, Cramer, , , ,

The Business Day In Global Warming (GE, UPS, LDK, ITRI, BECN, ENER, COMV)

General Electric (NYSE:GE) announced a $750 million order to supply six advanced technology, Frame 9FB gas turbine-generators and associated services to EDF (Électricité de France) for the utility’s electrical power production facilities in France and elsewhere in Europe.

UPS (NYSE:UPS) is adding 306 alternative fuel vehicles to its “green fleet” by placing an order for 167 Compressed Natural Gas (CNG) delivery trucks while taking delivery of 139 new propane delivery trucks in North America. Additionally, the company has launched an initiative to use biodiesel fuel in its ground support vehicles at the UPS Worldport® air hub in Louisville.  Maybe BROWN really can be GREEN.

LDK Solar’s (NYSE:LDK) woes in China over its reporting on inventories continues…..down another 25% today. Lazard Capital Markets’ Sanjay Shrestha lowered his price target on Energy Conversion Devices (NASDAQ:ENER) from $44.00 down to $40.00 (current was $26.50); and increased his Buy rating target on Otron (NASDAQ:ITRI) from $95 to $115, and reiterated the Buy rating and $37 target on Comverge (NASDAQ:COMV).

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Posted on: October 8, 2007 – 2:43 pm in Alternative Energy, , , , , , , , , ,