Monday, August 10, 2009

Echelon Shares Rally On Deal With Duke Energy (ELON; DUK)

From Tech Trader Daily:
Echelon (ELON) shares are sharply higher this morning after the company announced a long-term deal to supply its networked energy services system to Duke Energy (DUK). The company said Duke plans a five-year deployment of smart grid technology including more than 700,000 electric smart meters in Ohio....MORE