Comverge posts wider-than-expected first-quarter loss
Comverge, Inc. (Nasdaq:COMV), a clean capacity provider through demand response and energy efficiency, said this morning that it recorded a net loss in the first quarter that was narrower than the year-ago quarter, but wider than Wall Street expected. The company also reaffirmed its full year revenue guidance, but noted that since it is in the preliminary years of an emerging industry and that regulatory policies for demand response markets continue to evolve, it perceives that quarterly revenue may continue to be uneven.
Shares sliped 5.4%, or $0.75, to $13.25 ahead of the opening bell. For detailed price information and recent news stories about Comverge, click COMV.
