synergy

More deals could come in the form of mergers or purchase offers from larger utilities because of the potential synergies.

But cost synergies are easier, meaning a combined company could eliminated redundant costs and driver higher profits than the two stand-alone entities could achieve.

With an advantageous geographic footprint, ongoing synergies flowing to the bottom line, and growing energy demand, it also looks like one of the best buys in the industry.

“But at the same time the point of merging is to create synergies and to create the critical mass to carry large projects together.”

That, along with “synergies and strong demand” for products and integrations from its Red Hat and HashiCorp acquisitions, “will drive incremental upside to growth over the coming quarters,” he said.