Market Currents
Quanta (PWR +.08%), Echelon (ELON -0.9%) and EnerNOC (ENOC +11.5%) are all potential takeout...
-
Monday, June 18, 2012, 11:17 AM ETQuanta (PWR +.08%), Echelon (ELON -0.9%) and EnerNOC (ENOC +11.5%) are all potential takeout candidates in the smart grid space, says Piper Jaffray, after Elster (ELT +15.2%) confirmed it's in talks with Melrose to be bought for $20.50 per share. Piper notes Melrose's current bid is below recent smart grid takeout multiples, but in-line with its $21 price target for Elster.
Other date
Latest Articles
