NEW YORK (TheStreet) -- Opower (OPWR) shares are up 0.17% to $17.35 in early market trading on Wednesday after the company had its full year 2014 and 2015 revenue expectations increased by analysts at Canaccord Genuity who have a "buy" rating on the stock along with a $23 price target.
Analysts at the firm raised the company's current year revenue guidance to $127.1 million from $123.5 million, and next year's revenue guidance to $157 million from $152 million after reviewing the company's financials following yesterday's third quarter earnings and revenue beat.
"OPWR reported total revenues and adjusted EBITDA of $33.8M and ($1.1M), which were respectively $2.3M and $5.9M ahead of our estimates. Revenue growth was 50% y-o-y in the quarter. Non-GAAP EPS loss of ($0.08) was well ahead of our ($0.19) estimate," said the analysts.