COMV: Comverge, Inc. Instablogs

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Thursday, May 10, 2012, 4:48 PM Comverge (COMV): Q1 EPS of -$0.10 beats by $0.22. Revenue of $32.6M (+75.3% Y/Y). (PR) Comment! [Earnings, Tech]
Monday, March 26, 2012, 4:29 PM EnerNOC (ENOC +2.9%) shares jumped after rival Comverge (COMV -5.3%) cut a $49M deal to go private and gather much-needed capital, but Wedbush cautions against any deal excitement, warning the buyout suggests ENOC would command just $2.98/share. ENOC has its own credit issues, the firm adds, attributing share gains to short covering on a sale it sees as "pretty unlikely." Comment! [Tech, M&A, On the Move]
Monday, March 26, 2012, 12:42 PM Comverge (COMV -8%) agrees to be acquired by PE firm HIG Capital for ~$49M, or $1.75/share, below its $1.88 Friday closing price and analyst estimates of its worth. COMV felt it had no choice, believing it "would be unable to raise the necessary capital to fund continuing operations, which would place existing stockholder investment in the company at significant risk." Comment! [M&A, Tech, On the Move]
Thursday, March 15, 2012, 6:53 PM More on Comverge (COMV): Q4 beats across the board despite a decline in revenue, as better gross margins and the removal of $4.1M in expenses helped shore up its bottom line. Shares +7.3% AH. Comment! [On the Move, Earnings]
Thursday, March 15, 2012, 4:21 PM Comverge (COMV): Q4 EPS of $0.20 beats by $0.17. Revenue of $36.7M (-1.3% Y/Y) misses by $3M. Shares +4.3% AH. (PR) Comment! [Earnings, Tech, On the Move]
Wednesday, October 5, 2011, 3:59 PM Comverge (COMV -3.6%) fails to rally with the broader market today after Baird cut the shares earlier to neutral from outperform. The firm cites limited near-term catalysts for the downgrade, including liquidity issues and increased industry competition. Comment! [On the Move]
Tuesday, September 27, 2011, 2:29 PM Comverge (COMV -1.9%) trades lower after being cut to neutral at Macquarie on weak industry fundamentals, an anticipated capital raising, and a lack of overall catalysts. Comment! [Tech, On the Move]

COMV Comverge, Inc.

COMV

Comverge, Inc.