Canaccord Genuity Downgrades PowerSecure (POWR) to Hold

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Go back to Canaccord Genuity Downgrades PowerSecure (POWR) to Hold

Southern Company to Acquire PowerSecure International, Inc.

February 24, 2016 4:30 PM EST

ATLANTA and WAKE FOREST, N.C., Feb. 24, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company.

Southern Company believes that the advancement of distributed infrastructure technologies the very technologies in which PowerSecure specializes through its unique business model... More