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down 92.89 %

COMVERGE INC. (COMV) rated Buy with price target $8 by Lazard Capital

Posted on: Wednesday,  Nov 12, 2008  9:25 AM ET by Lazard Capital

Lazard Capital rated Buy COMVERGE INC. (NASDAQ: COMV) on 11/12/2008. Previously Lazard Capital rated Buy COMVERGE INC. (NASDAQ: COMV) on 08/16/2007.,
when the stock price was $24.50. Since then, COMVERGE INC. has lost 92.90% as of 05/15/2012's recent price of $1.74.
If you would have followed the previous Lazard Capital's recommendation on COMV, you would have lost 92.89% of your investment in 1734 days.

Comverge, Inc. is a clean energy company providing demand management solutions in the form of peaking and base load capacity to electric utilities, grid operators and associated electricity markets. The Company operates in three segments: the Utility Products & Services segment, the Residential Business segment and the Commercial & Industrial Business segment. The Utility Products & Services segment sells hardware, software and installation services to utilities that elect to own and operate demand management networks for their own benefit. The Residential Business segment sells electric capacity to utilities under long-term contracts, either through demand response or energy efficiency. The Residential Business segment also provides marketing services on an outsourced basis. The Commercial & Industrial Business segment provides demand response and energy management services to commercial and industrial customers.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Our goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Our industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/12/2008 9:25 AM Buy
4.50 8.00
as of 12/24/2008
1 Week up  8.97 %
1 Month up  5.10 %
3 Months up  97.07 %
1 YTD up  51.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2008 8:25 AM Buy
11.42 22.00
8/16/2007 9:25 AM Buy
24.50 37.00

(*) Stock Price at the time of the recommendation.
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