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

Aperion Audio - Award Winning Home Audio for less

Aperion Audio - Award Winning Home Audio for less

Aperion is a group of dedicated audio enthusiasts committed to helping you create the sound experience of your life, at a price that won't break the bank. We make award-winning speakers that look as good as they sound and sell them online so you get unbeatable quality for the price. You always get a 60-day in-home audition with FREE SHIPPING. If you don't like your speakers for any reason, send them back and we'll pay the shipping. Really. You get unlimited free support for your entire system and we back up our products with generous 5-and-10-year warranties. Since we've been around for over fifteen years, you're covered.