Key Developments: EnerNOC Inc (ENOC.O)
12.96USD
18 Jun 2013
$-0.12 (-0.92%)
$13.08
$13.08
$13.37
$12.94
177,081
314,943
$19.08
$6.04
Latest Key Developments (Source: Significant Developments)
EnerNOC Inc Issues Q2 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance
EnerNOC Inc announced that for second quarter of 2013, it expects revenues to be in the range of $32 million to $38 million. GAAP net loss for the second quarter is expected to be in the range of $(1.20) to $(1.35) per basic and diluted share, non-GAAP net loss per basic and diluted share to be $(0.97) - $(1.12) and adjusted EBITDA to be $(20) million to $(25) million. For fiscal 2013, it expects revenues to be in the range of $360 million to $400 million, GAAP net income to be in the range of $0.60 to $0.85 per diluted share, non-GAAP net income per diluted share to be $1.39 - $1.71 and adjusted EBITDA to be in the range of $62 million to $77 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $41 million, EPS of $(0.96) and EBITDA of $(14.53) million for second quarter of 2013; revenue of $379 million for fiscal 2013. Full Article
EnerNOC Inc Announces Appointment Of CFO-Form 8-K
EnerNOC Inc reported in its Form 8-K that On April 18, 2013, EnerNOC, Inc. (Company) entered into an employment offer letter (Offer Letter) to hire and retain Neil Moses as Chief Financial Officer (CFO) of the Company. Pursuant to the terms of the Offer Letter, Mr. Moses’ employment with the Company began on April 22, 2013, and he will be employed on an at-will basis. Full Article
EnerNOC Inc Signs Agricultural Demand Response Contract
EnerNOC Inc announced a new 10-year contract with PacifiCorp to deliver approximately 185 megawatts of electric reduction capability in Idaho and Utah, with the potential to expand into additional states in the future. PacifiCorp is a utility serving approximately 1.7 million customers in six Western states, providing electric service in Idaho and Utah as Rocky Mountain Power. This contract represents one of the outsourced demand response programs in North America and EnerNOC's single contract in the agricultural sector. Through this EnerNOC Utility Solutions contract, EnerNOC will provide PacifiCorp with the ability to automatically dispatch approximately 185 megawatts of agricultural demand response capacity directly from the EnerNOC Utility Portal and to view real-time asset- and portfolio-level performance data. EnerNOC's comprehensive end-to-end demand response solution will collect real-time energy interval and irrigation pump status data across every farm in the network. This data will be continuously streamed to EnerNOC's Network Operations Center (NOC), where it will be monitored to ensure capacity availability and performance against PacifiCorp's target. Full Article
EnerNOC Inc Issues Q1 Guidance Below Analysts' Estimates; Raises FY 2013 Guidance
EnerNOC Inc announced that for first quarter of 2013, it expects revenues to be in the range of $28 million to $34 million. GAAP net loss for the first quarter is expected to be in the range of $1.05 to $1.20 per basic and diluted share. For fiscal 2013, it expects revenues to be in the range of $360 million to $400 million, consistent with the Company's prior guidance. GAAP net income for 2013 is expected to be in the range of $0.60 to $0.85 per diluted share, compared to the Company's previously published guidance range of $0.50 to $0.75 per diluted share and adjusted EBITDA is expected to be in the range of $62 million to $77 million, compared to the Company's previously published guidance range of $60 million to $75 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $38 million, EPS of $(0.87) for first quarter of 2013; revenue of $378 million, EPS of $0.55, EBITDA of $55 million for fiscal 2013. Full Article
Southern California Edison Co Expands Demand Response Contract With EnerNOC Inc
EnerNOC Inc announced that it has expanded its presence in Southern California through a new contract with Southern California Edison Co. Under the terms of the new contract, EnerNOC will increase its number of megawatts in SCE's service territory by approximately 15% through December 31, 2014, consistent with the term of EnerNOC's expanded contract with PG&E. EnerNOC won the additional megawatts through a competitive bidding process in which EnerNOC was awarded more than twice as many megawatts as any other third-party provider, and more than 40% of all megawatts awarded to the six bidders. This contract covers a utility service territory where EnerNOC also has contracts to deliver commercial and industrial energy efficiency services, allowing customers in the region to benefit from an integrated energy management portfolio comprised of both demand response and energy efficiency solutions. Full Article
EnerNOC Inc and Numenta Announce Partnership
EnerNOC Inc announced a partnership with Numenta, machine intelligence company. This partnership couples Numenta's Grok streaming analytics solution with EnerNOC's cloud-based software to create opportunities for additional demand response participation by commercial, institutional, and industrial customers with variable load profiles and increased ability to detect energy efficiency faults and anomalies. This partnership will enable EnerNOC to more effectively predict and monetize the electricity demand of its portfolio. For example, Grok's capabilities will integrate with EnerNOC's DemandSMART application to optimize the level at which demand response customers are offered into frequency reserve markets. EnerNOC participates in frequency reserve markets that involve taking large loads off the grid in less than a second to maintain grid frequency. Full Article
EnerNOC Inc Raises Low End Of Prior FY 2012 Outlook; Raises FY 2012 EPS Outlook; Raises Low End Of Prior FY 2013 Revenue Outlook; EBITDA Outlook Above Analysts' Estimates; Raises FY 2013 EPS Outlook
EnerNOC Inc announced that it for fiscal 2012, it expects revenues to be in the range of $270-$280 million, GAAP net loss to be in the range of $0.80-$0.95 per basic and diluted share, adjusted EBITDA to be between $15-$20 million. For fiscal 2013, it expects revenues to be in the range of $360-$400 million, GAAP net income to be in the range of $0.50-$0.75 per diluted share, adjusted EBITDA to be between $60-$75 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $269 million, EPS of $(1.30) for fiscal 2012; revenue of $375 million, EPS of $0.28 and EBITDA of $50 million for fiscal 2013. Full Article
Genesis Energy Selects EnerNOC Inc For Inaugural Demand Response Programme
EnerNOC Inc announced that Genesis Energy, a national electricity retailer serving the Wellington, Wairarapa, Kapiti Coast and Manawatu areas of New Zealand's Lower North Island (LNI), has signed a 20 MW DemandSMART contract to address transmission constraints, while at the same time, diversifying Genesis Energy's offerings to its commercial and industrial customer base. Under the terms of the contract, the programme began in July 2012, with an opportunity to extend to 50 MW in two years' time. Full Article
EnerNOC Inc Issues Q3 Outlook; Raises Low End Of Prior FY 2012 Revenue, EBITDA Outlook; Lowers High End Of Prior FY 2012 EPS Outlook; Reaffirms FY 2013 Revenue Outlook; Lowers FY 2013 Earning Outlook
EnerNOC, Inc. announced that for the third quarter of 2012, it expects revenue to be in the range of $160-$176 million, GAAP net income per diluted share to be in the range of $1.60-$1.90. For fiscal 2012, it expects revenue to be in the range of $260-$280 million, GAAP net loss to be in the range of $1.00-$1.40 per basic and diluted share and adjusted EBITDA to be between $5-$20 million. For fiscal 2013, it expects revenue to be in the range of $350-$400 million, GAAP net income to be in the range of $0.15-$0.75 per diluted share and adjusted EBITDA to be between $50-$75 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $166 million and EPS of $1.65 for third quarter; revenue of $258 million, EPS $(1.43) and EBITDA of $(7) million for fiscal 2012; revenue of $367 million, EPS of $(0.01) and EBITDA of $34 million for fiscal 2013. Full Article
MMG Golden Grove Enhances Energy Management Capabilities With EnerNOC Inc's DemandSMART
EnerNOC Inc announced that MMG Golden Grove has joined EnerNOC's demand side management network in Western Australia (WA). MMG will leverage EnerNOC's DemandSMART application to participate in demand response and support reductions in energy consumption at its underground and open pit base and precious metals mine, located approximately 280 kilometres east of Geraldton, WA. MMG will reduce its power consumption by as much as 15 megawatts (MW) when EnerNOC's network is dispatched by System Management, the entity that is responsible for managing the real-time operation of the regional power system. Full Article
EnerNOC enters U.S. demand response contract with PacifiCorp
March 21 - U.S. energy management company EnerNOC Inc on Thursday said it entered into a 10-year agreement that will enable electric customers of PacifiCorp in Idaho and Utah to reduce power use by about 185 megawatts (MW).
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