EnerNOC (ENOC) and Pacific Gas & Electric are joining forces to increase the energy efficiency of PG&E’s commercial and institutional customers. The 3 year deal will provide PG&E customers with EnerNOC’s SiteSMART smart grid application in Northern and Central California. The SiteSMART app combines advanced metering technology with data analysis software to provide insight into energy usage that EnerNOC can then use to make energy efficiency recommendations and provide a more comfortable environment in extreme … Read the rest
Tag Archives: enoc
EnerNOC (ENOC) Boasts 2 Award-Winning Products
EnerNOC just announced that two of its products have won 2009 Smart Grid Product of the Year Awards from Technology Marketing Corporation and Intelligent Communications Partners.Both its PowerTrak(R) web-based energy management application and its Monitoring-Based Commissioning (MBCx) data-driven energy efficiency application eon awards this year.
In a press release, Gregg Dixon, Senior Vice President of Marketing, EnerNOC, commented on the news:
“Today, most of the discussion around the smart grid is focused on advanced meters … Read the rest
Enernoc (ENOC) Beats Estimates, But Swings Back To Loss
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
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
TheStreet.com: "Smart Grid Not A Smart Investment"
I was just perusing the blogosphere for the latest news in the green energy space to get other view points, keep up to date with what’s going on and possibly pin point some investment ideas I haven’t thought of. I don’t think I’ll be using the TheStreet.com as a source of good info. I came across a post at TheStreet.com calling smart grid investments “not so smart”. I had to read it twice to make … 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