Why Nest’s valuation is higher than Opower’s: Hardware, consumers, the home

Opower and Nest might not be direct competitors, but over the years they have quietly competed in key areas, namely building software for connected energy-efficient thermostats and focusing on energy data and algorithms. Opower even lists Nest as a “key competitor” in its latest filing. But now that Opower is going public and Nest has been bought by Google, it’s interesting to see the two companies’ disparate valuations.

Nest was sold to Google for $3.2 billion. According to Opower’s latest filing, at the midpoint of Opower’s price range at $18 per share, the company has a market value of $854 million. Earlier in the month (before pricing their range) they had an enterprise valuation of $775.8 million. So, roughly speaking, Nest was valued at over three times (and almost four times) what Opower will be worth when it starts trading.  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

IntraSonic Technology - I600 In-Wall Digital Stereo Music System

IntraSonic Technology - I600 In-Wall Digital Stereo Music System

You asked, we listened! Music lovers that want to enjoy their tunes everywhere - yes, everywhere! - now have a high-tech, easy-to-use option that upgrades the look and functionality of any home or office. The I600 In-Wall Digital Stereo Music System is a music distribution system that provides enhanced usability and delivers mind-blowing stereo quality sound. With touch screen controls, Bluetooth connectivity, and several music source options, the I600 turns your surroundings into an amazing music entertainment experience.