Smart energy gets a comp: Comverge IPO

For those (like yours truly) who find “Smart Energy” (IT-enabled energy efficiency and demand automation) technologies to be a compelling investment space, it will be very interesting to watch today’s IPO by Comverge.

So far, so good—trading in the early hours is above the $18/share pricing, which itself was a revision upward from earlier guidance.  Apparently not everyone is convinced...  But even if the price doesn’t hold up over time, the exit is still a good validation for the entire smart energy space.