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

REPLACEMENT INTERCOM SYSTEM WITH BUILT-IN MP3 DISTRIBUTION

REPLACEMENT INTERCOM SYSTEM WITH BUILT-IN MP3 DISTRIBUTION

RETRO-M is designed to replace existing Home Intercom Systems and operate on existing 3 and 4 wire systems. BLUETOOTH you music by adding the BT-RECEIVER. No need to remove existing master wall housing, trim plates available to cover those large holes. The RETRO-M intercom unit has a built-in AM/FM radio. Plug in mp3 players such as iPod, iPhone, Zune or any other hand held player into the master and share your music with the entire family. Choose between two music sources; listen to the radio in one room and the mp3 in another room.