Pacific Crest Downgrades Opower (OPWR) to Sector Weight
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Opower Announces Fourth Quarter and Full Year 2015 Financial Results
February 29, 2016 4:15 PM ESTQ4 Revenue Grows 16% year-over-year to $40.5 Million
Revenue Backlog Increases to $480 Million
Largest Deal in Company History Signed with Exelon
ARLINGTON, Va.--(BUSINESS WIRE)-- Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced its financial results for the fourth quarter and full year 2015. The company closed the year reporting revenue of $148.7 million, an increase of 16 percent year-over-year. The company also announced the largest contract in company history, a five-year deal with Exelon Corporation.
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