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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:
AES Showcases New Tools that Speed Deployment and Support of Award-Winning Alarm Monitoring Solution, at ISC West
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