Thursday, May 7, 2009

Smart Grid: EnerNOC reports loss, raises guidance (Analyst Upgrade) ENOC

In late premarket trade the stock is up 12%.
From the Boston Globe:
EnerNOC Inc., a Boston company that helps utilities manage electricity consumption, reported that revenues for the first quarter were $18.4 million, compared with $18.6 million for the same period in 2008, a decrease of 1 percent.

The GAAP net loss for the first quarter was $12.5 million, or $0.63 per basic and diluted share, compared to a net loss of $11.0 million, or $0.57 per basic and diluted share, for the same period in 2008, the company said.

But the company also noted that it signed contracts with seven utilities during the first quarter....MORE

From SmarTrend:

EnerNOC (NASDAQ:ENOC) raised to Buy at Janney Montgomery...