Key Developments For EnerNOC, Inc.
EnerNOC, Inc. (ENOC.O) (Consolidated Issue listed on NASDAQ Global Market)
EnerNOC, Inc. Issues Q4 2009 Mixed Guidance; Raises FY 2009 Guidance
EnerNOC, Inc. announced that for fourth quarter 2009 it expects revenue in the range of $23-$25 million, GAAP EPS in the range of ($0.63) - ($0.71) and non-GAAP EPS in the range of ($0.50) - ($0.57). The Company has raised fiscal 2009 guidance and now expects revenue in the range of $187-$189 million, GAAP EPS in the range of ($0.30) - ($0.38) and non-GAAP diluted EPS in the range of $0.23 - $0.30. According to Reuters Estimates, analysts are expecting the Company to report revenue of $27 million and EPS of $(0.61) for fourth quarter 2009; revenue of $180 million and EPS of $(0.74) for fiscal 2009.
Bridesburg Foundry Selects EnerNOC, Inc.'s Energy Supply Management
EnerNOC, Inc. announced that Whitehall, PA-based Bridesburg Foundry, has selected EnerNOC's Energy Supply Management services to secure favorable energy contracts in advance of the expiration of Pennsylvania rate caps.
State of Connecticut Signs Contract With EnerNOC, Inc. For Demand Response
EnerNOC, Inc. announced that it has signed a multi-year contract with the State of Connecticut to continue to provide its demand response (DR) services through December 31, 2014. Connecticut chose to extend its contract with EnerNOC based on the company's ability to streamline the participation process and maximize revenue for the state through demand response technology and management systems.
Northwest Community Hospital Deploys EnerNOC, Inc.'s MBCx Energy Efficiency Platform
EnerNOC, Inc. announced that it has signed a multi-year contract with Northwest Community Hospital (NCH), located in Arlington Heights, IL, to provide its Monitoring-Based Commissioning (MBCx) energy efficiency solution. Still in its initial deployment stage, EnerNOC's application has already identified more than $300,000 of potential energy efficiency savings opportunities that can be achieved primarily through low-cost or no-cost measures.
EnerNOC, Inc. Raises Additional $5.5 Million
EnerNOC, Inc. announced the completion of the sale of 213,889 additional shares of its common stock pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced public offering. All 213,889 shares were sold by the Company, resulting in net proceeds to the Company of approximately $5.5 million, after deducting underwriting discounts and commissions and offering expenses payable by the Company. J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated are serving as joint book-running managers of the offering and Canaccord Adams Inc. and Robert W. Baird & Co. are serving as co-managers.
