Over the past few years, we have witnessed fewer loss of power situations on the electricity power grid. A big reason is that hydro operators are working proactively in monitoring the use of electricity on the residential and commercial power grids.
The adoption of devices at residences have helped hydro companies deal with the demands of a power grid and, in the process, lessen the chances of a grid meltdown.
Silver Spring: Smart Grid Hydro Developments an Attractive Investment?
A small-cap contrarian stock that piques my interest as a potential investment opportunity is Silver Spring Networks, Inc. (NASDAQ/SSNI), which has a share price of $9.93 and a market cap of $485 million. The stock has been a major underachiever, but it does offer a good example of a potential aggressive investment opportunity. Silver Spring debuted at $17.00 in March 2013 and traded at $33.00 in August 2013, prior to sliding to the current levels. Well off of its 52-week high of $18.40, the stock suggests a potential investment opportunity on price weakness.
Chart courtesy of www.StockCharts.com
At the heart of the company’s business is its Internet-based “IPv6” networking platform and solutions, which allow hydro companies to monitor energy use at homes and businesses, thereby creating a “smart grid.” The company has about 23 million installed devices operating in the United States, Canada, Australia, New Zealand, South America, Asia, and Europe.
An interesting project in the works by the company is its “Streetlight Vision” solution to network streetlights. The solution allows a hydro operator to regulate the brightness of streetlights, as well as when the lights come on. The company’s venture … Read More