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

D-Tools System Integration Software

D-Tools System Integration Software

D-Tools, Inc. is a worldwide leader in data-driven system integration software. D-Tools' System Integrator (SI) is a complete estimation, design (via Visio or AutoCAD), and project management platform designed to fulfill the diverse needs of systems integration firms. SI offers improvements in virtually every functional area and adds 3rd party integrations to provide a complete end-to-end solution allowing data to flow seamlessly throughout the project lifecycle - from initial client contact through the ongoing service relationship. Along with access to a comprehensive library of manufacturer products, the application delivers a powerful yet easy to use solution that provides a positive impact on any integrator's business.