Enernoc (ENOC) Under Pressure AH On Proposed Stock Offering

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05:36:09 pm on August 3, 2009

EnerNOC (ENOC) is off after hours following the announcement that it has filed a preliminary prospectus with the SEC to offer up to 3,750,000 shares of common stocks with proceeds being used for biz expansion, strengthening its working capital position, future acquisitions and R&D.  Considering the run the stock has had, the move isn’t much of a surprise.  ENOC will offer 3 mill of shares and certain shareholders will offer the rest. 

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