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Knock, Knock, Knockin’ on EnerNOC’s Door
Daniel Englander: February 27, 2008, 9:01 AM
Shares of EnerNOC are down 27.22 percent as of noon today after the company announced a $9 million earnings loss for the 4Q 2007. EnerNOC disappointed analysts, whose consensus $0.29 EPS loss was taken to town by the 'NOCs $0.48 EPS loss in the last quarter. The company posted $19.7 million in revenue for the fourth quarter, up 234 percent year over year. Revenues across 2007 were $60.8 million, up 133 percent from 2006.
Despite a tough day on the street, EnerNOC had a relatively big year of organic growth. The company added 703 MW to it's energy management program, bringing its total up 1,113 MW. EnerNOC, a demand response firm, contracts with corporations to manage their energy consumption, bring power usage down during peak periods. All tolled the 'NOC controls the equivalent of two coal fired power plants, retrieving "negawatts" and spinning them into gold - well, maybe not last quarter.
Anyway, I hear there might be some growth opportunities in Florida.




