EnerNOC (ENOC) beat low expectations after the bell today, but the company swung back to a big quarterly loss by posting a .50/share loss (analysts expected a .65/share loss). Revenues were a bit better than expected and higher than the year ago quarter, but a fraction of last quarter’s huge revenue surge at just $26.7 million. Given the run this stock has had, an earnings beat just isn’t gonna cut it and the stock … Read the rest
Tag Archives: enernoc
Boston’s Seaport Hotel Uses EnerNOC’s (ENOC) CarbonTrak Application
EnerNOC just announced that Boston’s Seaport Hotel and Seaport World Trade Center has chosen its CarbonTrak application to manage its carbon footprint. The hotel, which ForbesTraveler.com called one of the “Greenest Hotels in America,” will record its carbon footprint with the application and report the information to the Carbon Disclosure Project, which collects data on the carbon footprints of over 2.500 organizations, as well as using it to identify ways to make their carbon footprint … Read the rest
EnerNOC (ENOC) Adds 25MW to Ontario Power Authority Demand Response Contract
EnerNOC (ENOC) is adding another 25MW to its existing contract with the Ontario Power Authority for demand response services. EnerNOC has been working with the OPA since spring of 2008 and the results have been very good.
Said Cliff Poyton of the OPA, “EnerNOC has performed well, delivering over 100 percent of contracted capacity on average in our DR3 Program events in the past year, and we look forward to the continued success of this … Read the rest
Morgan Stanley Chooses EnerNOC’s (ENOC) Energy Efficiency Software
ErerNOC just announced that Morgan Stanley is using its Monitoring-Based Commissioning (MBCx) Energy Efficiency software to save energy at its headquarters in Manhattan. The software reviews energy use in the building to identify energy inefficiencies so that they can be corrected.
In a press release, Tim Healy, Chairman and CEO of EnerNOC, commented on the news:
“One of the most unique aspects of this deployment is that Morgan Stanley’s facility was commissioned just prior to … Read the rest
EnerNOC (ENOC) Expands Energy Efficiency Biz With Cogent Purchase
I meant to get this news out sooner.. you know how it goes. Lots of green stock news these days and at times I have to get what I feel is the most important news out first. EnerNOC announced yesterday that they purchased privately held Cogent Energy to bolster their monitoring based energy efficiency business. Essentially, the purchase allows them to expand the business of helping businesses get more energy efficient by monitoring their use. … Read the rest
Canaccord Adams Reiterates Buy On EnerNOC (ENOC), Raises Price Target
Canaccord Adams reiterated its Buy rating on EnerNOC (ENOC) and raised the price target to $40 following its earnings report.
Hat tip to StreetInsider.com for the following analyst comment:
“EnerNOC’s management team delivered on its promise of significant leverage in the business model, driving Q3 revenues to $100M+, generating 50% GMs, 25% OMs (~$13M in cash from ops) and $1.12 in GAAP EPS. As expected, capacity contracts in PJM region carried the upside, … Read the rest
EnerNOC (ENOC) Reports Blow Out Quarter & First Profit But Guidance Weak, Shares Surge
EnerNOC has been saying for several quarters now that they are close to profitability and they sure entered the world of profitability with a bang after the bell today. The company absolutely smashed Wall St estimates of .73/share by posting $1.30/share on revenues of $103 million. Not only were they profitable but that revenue number is more than double the year ago quarter which was the previous best for the company. Very impressive.. now let’s … Read the rest
EnerNOC (ENOC) Extends Connecticut Demand Response Deal Through 2014
This morning EnerNOC (ENOC) announced it has extended an agreement with the state of Connecticut to continue to provide its demand response services through 2014. The company has provided the state with its services since 2006, helping them to earn more than $4 million in demand response payments from EnerNOC. The payments to the state are quarterly and based on the decrease of energy use during peak demand, stabilizing energy costs and reducing the risk … Read the rest
EnerNOC (ENOC) Gets Valuation Downgrade From Janney Montgomery
EnerNOC has had quite a run this year, up nearly 5 fold. With runs like that often come valuation downgrades and Janney Montgomery Scott is out with one this morning, cutting the stock to Neutral.
Hat tip to StreetInsider.com for the following analyst comment:
“We are downgrading EnerNOC to NEUTRAL based on valuation. We are still strong believers in the EnerNOC story and believe that the Company maintains a very strong position in the rapidly … Read the rest
Brean Murray Initiates AMSC, ENOC With Buy; COMV, ELON At Hold
Brean Murray has initiated coverage on four green stocks this morning. American Superconductor (AMSC) and EnerNOC (ENOC) get Buy ratings from the firm while Echelon (ELON) and Comverge (COMV) get Hold ratings.
Hat tip to StreetInsider.com for the following analyst comments:
“Buoyed by an experienced management team and strong wind energy market growth in China, AMSC’s revenues grew from $52 million in FY06 to $183 million in FY08. With a continuation of the current wave … Read the rest