Opower will be one of the best long-term plays among the recent wave of cloud-based IPOs because it has already demonstrated the ability to grow revenue in the highly regulated utility space, says the company's CEO Daniel Yates. Utilities are under pressure to conserve energy production and Opower's software enables them to do it. Yates says Opower has collected data from 52 million households, and has served 93 utility customers in 8 countries, including 28 of the largest 50 U.S. utilities.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

If you liked this article you might like

Oracle's Big Data Breach Highlights Growing Security Risks of the Cloud

Oracle's Big Data Breach Highlights Growing Security Risks of the Cloud

Oracle vs. Salesforce: Who Will Get to $10 Billion in Cloud Revenue First?

Oracle vs. Salesforce: Who Will Get to $10 Billion in Cloud Revenue First?

Oracle: Ignore the Gloom; This Cloud Has a Golden Lining

Oracle: Ignore the Gloom; This Cloud Has a Golden Lining

Analysts Looking for Clouds to Part in Oracle's Fiscal Fourth Quarter

Analysts Looking for Clouds to Part in Oracle's Fiscal Fourth Quarter

Will SAP Break Its M&A Silence?

Will SAP Break Its M&A Silence?