A complete financial report of the clean energy company known as comverge. Analysis includes an executive summary, company history, market analysis, financial analysis, analyst opinions, and a final recommendation.
What Drives Venture Capital A Perspective From Both S.docx
Comverge Investment Analysis
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2. Industry- Examines Comverge’s market both broadly and specifically. This discussion is followed by sections on Comverge’s competitive advantage and contenders in the industry.
3. Financials- Analyzes the company by looking at figures such as revenues, earnings, EPS, P/E ratio, and assets.
4. Analyst Opinions- Presents various points and opinions brought up by analysts. These analysts predict the future status of Comverge.
12. Reaching 2200 megawatts of managed electrical capacity: Upon reaching this operational milestone in September of 2008, Comverge surpassed the previous industry record for electrical capacity. This feat was a directly caused by the company’s initial public offering in April of 2007. In the 18 months following its offering, Comverge increased the amount of megawatts it managed by 508%. Similarly, its revenues grew by 137% in this period as well. (LexisNexis, 2010)
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14. Patents: By attempting to go green before its competition, Comverge beat its competitors to a number of crucial patents. Currently, Comverge holds 15 patents in its field. These 15 patents act as a barrier to Comverge’s contenders and provide the company with more security. (www.comverge.com, 2010)
15. Experience and Scope of Knowledge: Through Comverge’s acquisitions since its creation in 1997, the company has assembled a highly intelligent and diversified staff. With a wide range of employees from various divisions of different companies, Comverge continues to invent revolutionary products for its consumers. Moreover, the experience in Comverge’s senior management allows for a smoothly run business that is well aware of market trends and industry history. (www.comverge.com, 2010)
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17. A new CEO with great aspirations: This past February, Comverge appointed Blake R. Young as the company’s president and CEO. Young has a comprehensive background of the electric utility market, and has managed several companies across the United States. His knowledge, leadership, and approach will bring Comverge to new heights.
18. Consistent Financial Growth: Over the past five years, Comverge has a 13.75% annual growth in revenues. Although earnings have not shown the same success, this can be attributed to the recent economic downturn. Comverge will generate more revenue in the future as the company continues to form more strategic alliances with utility companies around the nation. As the government mandates more laws relating to energy consumption, I expect more companies to switch their outsourcing to Comverge.In Conclusion, all signs indicate that Comverge’s share price will rise. Although the company has a shaky history, it has emerged as the leading electric utility technology company in the United States over the last five years. While this industry grows, Comverge will grow alongside it. I strongly suggest that Integrity Investments puts equity into this company, as any money invested will be sure to grow.<br />References<br />quot;
Automation/IT Leadership Series Interview.quot;
Electric Energy Online. 2010. Web. 10 Apr. 2010. <http://www.electricenergyonline.com/?page=show_article&mag=62&article=475>.<br />quot;
Comverge - 10-K Annual Report.quot;
Comverge Investor Relations. 08 Mar. 2010. Web. 03 Apr. 2010. <http://ir.comverge.com/secfiling.cfm?filingID=1372664-10-15>.<br />“Comverge Company Report.” Thomson ONE Banker. Web. 15 Mar. 2010.<br />“Comverge, Incorporated – Company Report US.” 2010: IBISWORLD. Web. 02 Apr. 2010.<br />“Comverge, Inc.” LexisNexis. 2010. Web. 03 Apr. 2010.<br />quot;
Comverge Wins Environmental Award.quot;
Comverge. 30 Mar. 2010. Web. 14 Apr. 2010. <http://www.comverge.com/news-events/news/03302010_2.cfm>.<br />quot;
Comverge Inc,.quot;
MarketWatch. 16 Apr. 2010. Web. 10 Mar. 2010. <http://www.marketwatch.com/investing/stock/comv>.<br />Mastrandrea, Kristen. quot;
PECO Selects for Energy Management Program.quot;
Comverge. 25 Mar. 2010. Web. 15 Apr. 2010. <http://www.comverge.com/news-events/news/03252010_2.cfm>.<br />Paul, Bill. quot;
Juhl Wind, Lime Energy, Comverge: Possible Takeover Candidates?quot;
Seeking Alpha. 29 Nov. 2009. Web. 12 Apr. 2010. <http://seekingalpha.com/article/175023-juhl-wind-lime-energy-comverge-possible-takeover-candidates>.<br />