Comverge's days in the spotlight sunset, marking another failure in the residential energy management sector

Comverge announced on March 26 that it will be acquired by H.I.G. Capital at a value of $1.75 per share, a substantial drop over its $5 per share price one year ago. The cause cited was an immediate need for capital and the acquisition provides approximately $49 million in cash to the faltering dema...

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