Comverge Files Registration To Sell Securities

EAST HANOVER, N.J. (AP) — Comverge Inc., a maker of energy-efficiency equipment, said Monday that it has filed to sell up to $100 million of securities.

The company said it doesn't intend to offer securities under the regulatory filing but would gain more flexibility to act if market conditions improve.

The shelf registration filed with the Securities and Exchange Commission would cover common stock, preferred stock and other securities in one or more offerings. Terms would be disclosed at the time of any offering, Comverge said.

The company also seeks to include up to $50 million of common stock reserved for selling stockholders. The company would not get any proceeds from the sale of shares by stockholders.

East Hanover-based Comverge makes thermostats, automated home-energy systems and other products for managing power in homes and businesses.

This month, the company reported a smaller-than-expected loss for its fiscal second quarter.

The shares fell 57 cents, or 5.1 percent, to $10.62 in regular trading Monday. They dropped another 42 cents, or 4 percent, to 10.20 in extended trading. They have ranged from $2.35 to $13.87 in the past year.