WSJ reports Opower to IPO

It’s thin on details but The Wall Street Journal is reporting that Opower is “nearing an initial public offering of its shares.”

From the post:

Opower Inc., which helps electric utilities push homeowners to use energy more efficiently, is nearing an initial public offering of its shares, people familiar with the matter said.

Opower has tapped Morgan StanleyMS -0.24% and Goldman Sachs Group Inc.GS -0.84% to lead the underwriting of an IPO that could come in the next few months, the people said. It isn’t clear how much the company is worth or the value of shares it might sell.

Many, including myself, have been waiting for this. A solid IPO from Opower, a company that has very successfully developed strong data analytics technologies to produce energy recommendations for consumers, could help the overall cleantech sector get more VC. I’m thinking about companies like Bidgely and Autogrid, that should require successive rounds of financing to keep going. And after SolarCity’s stellar post IPO performance, who knows, we might even see a minor renaissance in cleantech investing. Maybe.