Friday, August 27, 2010

Evaluation of Comverge, Inc.

Comverge Inc. ( www.comverge.com ) (Nasdaq: COMV) provides peaking and based load capacity solutions to electric utilities, grid operators, and associated electricity markets in North America. It was founded in 1974 and is based in Norcross, Georgia.

As of August 23, 2010, the 52 week stock price range was $7.00 – 13.36. As of December 31, 2009, it had a net income loss of $31,666,000. It had long term debt of $9,750,000 and net tangible assets of $57,086,000.

The company is involved in improving grid reliability and energy efficiency. It has programs for customers to upgrade to more efficient lighting as well as programs to conduct energy audits.

This is a Basic Green Business model. Currently it is properly valued because of its market position, low stock price range and its business model, however, its net income loss is a significant factor in why it was not undervalued.

Sources:
Yahoo Finance
Comverge website

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