Company and Financial Overview
Silver Spring Networks (NYSE:SSNI) is a leading networking platform and solutions provider that enables utilities to transform the power grid infrastructure into smart grid. SSNI was founded in 2002 to address this challenge, pioneering a fundamentally new approach to connect utilities with millions of devices on the power grid. Since inception, SSNI has been awarded contracts to network more than 22 mn Silver Spring-enabled devices, of which 15.8 mn have been delivered to utility customers.
What are the Key Investment Highlights?
According to IDC Energy Insights, SSNI is the market leader in the US for Electric Advanced Metering (EMA) infrastructure communications with 31% market share. The company revenues have grown 60x over the past...
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