Thursday, July 16, 2009

Smart-grid: EnerNOC Upgraded by Baird (ENOC)

The stock was recently trading at $21.00, up 9%. From CNBC:
EnerNOC Inc. shares have room to rise said an analyst who upgraded the stock, citing the energy management company's strong execution despite current economic volatility.

Shares of EnerNOC closed at $19.22 on Wednesday. Since the start of June the company's stock has shed almost 18 percent of its value.

Baird analyst J. Michael Horwitz said he believes the company offers investors the best way to gain exposure to the smart grid industry. He expects a strong second and third quarter for the company....MORE

Interesting timing, the company is releasing earnings on July 27:

What:      EnerNOC Second Quarter 2009 Conference Call
When: Monday, July 27, 2009
Time: 5 p.m. ET
Live Call: (800) 390-5696, domestic
(719) 325-2359, international
Replay: (888) 203-1112, passcode 4342891, domestic
(719) 457-0820, passcode 4342891, international
Webcast: (live and replay)