Wednesday, March 20, 2013

Silver Spring Networks - Strong Potential, Strong Public Offering

Last week, Silver Spring Networks Inc (SSNI) made its public debut on Wednesday the 13th of March. Shares of the provider of networking platform solutions for utility companies ended their first trading day with gains of 29.4% at $22.00 per share. Shares have seen a modest correction ever since, currently exchanging hands around $21 per share.

The Public Offering

Silver Spring is a provider of leading networking platform and solutions which enable utilities to transform the power grid infrastructure into the smart grid. The smart grid connects millions of devices which generate, control and consume power, thereby providing timely information to control both utility power generation and power consumption.

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