EnerNoc (ENOC) is emerging as a demand response leader and is well on its way to becoming the first to profitability (ahead of rivals Comverge and Echelon).  The company blew away EPS estimates again this quarter, reporting a non GAAP loss of .12/share vs expectations of a .33 loss.  Revenues were better than expectations as well, coming in at $42 million vs the expectation of $39 million. 

Helping to push the stock higher after hours is the 3rd quarter and full year guidance, which the company continues to raise.  For the 3rd quarter, the company now expects to see a non GAAP EPS of .85 – .98/share vs the consensus estimates of .55/share and revenues of $88 – $98 million vs the analysts estimate of $93 million

“I am very pleased with our second quarter operating results as we achieved the second highest quarterly megawatt additions in our company’s history,” said Tim Healy, EnerNOC’s CEO. “The continued rapid adoption of our demand response solutions by utilities and businesses has allowed us to nearly double our megawatts under management from June 30, 2008 to June 30, 2009, and end the quarter with approximately $750 million of contracted revenue. As a result of this strong performance and the increased operating leverage we see in our business, we are raising our financial guidance for the year.”

For the full year 2009, the company is upping its revenue guidance from $160 – 172 million to $172 – 185 million and decreasing the expected non GAAP EPS loss from .33 – .44/share to .14 – .24 share.

2010 is expected to be the first profitable year in company history. 

ENOC is trading up nearly 10% after hours and breaking out to a new 52 week high.

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