Price 15.35
CEO Tim Healy told EnergyTechStocks.com on 8-19-08 that EnerNOC's power monitoring and energy procurement business is also growing rapidly. "The dialogue has shifted," he said, meaning more businesses want EnerNOC to drill down into how they consume electricity in order to eliminate costly inefficiencies.
While Healy said that first half revenue from monitoring and procurement services had surged to about $2.8 million compared with about $400,000 in the prior-year period, he indicated that he thinks this segment of EnerNOC's business may experience even sharper growth in the coming months. He told EnergyTechStocks.com that in just the last six or so weeks, interest in EnerNOC's monitoring services has "skyrocketed," in part because, thanks to a bigger R&D budget, EnerNOC now has more sophisticated algorithms capable of going "deeper and deeper into customer facilities" to find where power is being wasted.
CEO Tim Healy told EnergyTechStocks.com on 8-19-08 that EnerNOC's power monitoring and energy procurement business is also growing rapidly. "The dialogue has shifted," he said, meaning more businesses want EnerNOC to drill down into how they consume electricity in order to eliminate costly inefficiencies.
While Healy said that first half revenue from monitoring and procurement services had surged to about $2.8 million compared with about $400,000 in the prior-year period, he indicated that he thinks this segment of EnerNOC's business may experience even sharper growth in the coming months. He told EnergyTechStocks.com that in just the last six or so weeks, interest in EnerNOC's monitoring services has "skyrocketed," in part because, thanks to a bigger R&D budget, EnerNOC now has more sophisticated algorithms capable of going "deeper and deeper into customer facilities" to find where power is being wasted.
On our way new high today 2.61.
i missed the news this morning.