Opower Inc (OPWR) was Downgraded by Avondale to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. Avondale advised their investors in a research report released on May 3, 2016.
Many Wall Street Analysts have commented on Opower Inc. Shares were Reiterated by Wunderlich on Mar 1, 2016 to “Buy” and Lowered the Price Target to $ 9 from a previous price target of $16 .
On the company’s financial health, Opower Inc reported $-0.14 EPS for the quarter, based on the information available during the earnings call on Feb 29, 2016. Analyst had a consensus estimate of $-0.14. The company had revenue of $40.55 million for the quarter, compared to analysts expectations of $39.99 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.
Opower Inc opened for trading at $10.33 and hit $10.4599 on the upside on Monday, eventually ending the session at $10.29, with a gain of 30.25% or 2.39 points. The heightened volatility saw the trading volume jump to 1,81,96,382 shares. Company has a market cap of $547 M.
In a different news, on Mar 16, 2016, Jeremy Kirsch (EVP and GM, Worldwide Sales) sold 41,801 shares at $6.29 per share price. According to the SEC, on Feb 22, 2016, Thomas G. Kramer (Chief Financial Officer) sold 5,333 shares at $14.45 per share price. On May 29, 2015, Gene Riechers (director) sold 4,584 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Opower Inc. is a provider of cloud-based software to the utility industry. The Company’s software solutions are used to deliver key customer-facing applications that reduce energy demand. Its software analyzes energy data and presents insights that motivate reductions in energy consumption and lower cost-to-serve. The Company’s solutions consist of Opower Energy Efficiency which motivates customers to use less energy and participate in other energy efficiency programs; Opower Demand Response which enables utilities that have installed smart meters to engage their residential customer base in demand response programs; Opower Digital Engagement which consist of Opower Web CSR Application and Rates Engine and Opower Customer Care which is focused on reducing cost-to-serve and increasing customer satisfaction when utility customers receive a high bill. As of December 31 2014 the Company had 98 utilities in nine countries using one or more of its products.