EnerNOC’s (ENOC) Demand-Response Technology More Accepted by Grid Operators; Stock Trades Inexpensively

August 26, 2013

EnerNOC (ENOC) is the lead demand-response provider, a technology that has now been accepted by utilities and grid operators as a resource, and the company trades inexpensively when compared to independent power producers while having better growth, margins and a healthier balance sheet, says Ben Kallo, Senior Analyst at Robert W. Baird & Co.

“On EnerNOC, you have a company that’s cheap; it’s a leader in its industry, the demand response industry. We have good visibility into the rest of the year. The third quarter, there is some seasonality where the third quarter is the biggest quarter, so I’d like to get ahead of that. We have good visibility in 2014, 2015,” Kallo said.

FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE.

Kallo says ENOC is currently developing new applications on energy efficiency and currently has opportunities to expand its services internationally, especially as the world becomes more accepting of newer technologies for energy management.

“There’s room for it to grow internationally. EnerNOC is doing a good job bringing their service, their software, their technology to places like Australia, New Zealand and the U.K., and they’ll enter new markets, too, as these different countries become more comfortable,” Kallo said.