EnerNOC (NASDAQ: ENOC): Stock Could Reward Traders With Almost 40% Gains

Did you ever wonder why a number of electric utilities hand out rebates for energy-efficient appliances? After all, you'd think these firms want customers to burn more energy and rack up higher electric bills. That's not the way they see it though.

A number of utilities aim to operate near capacity to best utilize their own infrastructures, and they dread summer heat waves or other periods of high power consumption that can push their systems to the limit. Building a buffer into their capacity means building costly new power plants, and utility companies would like to avoid yet another financial burden.

In response, many utilities, along with their biggest corporate customers, are working with Boston-based EnerNOC (NASDAQ: ENOC) to help modulate energy consumption during peak usage times.  (more)

Please share this article