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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of EnerNOC (Nasdaq: ENOC ) rose 10% today after the company announced its participation in UK Power Networks' Low Carbon London project.
So what: The project will give EnerNOC the chance to provide its demand response solution to commercial, institutional, and industrial energy users in London. This expansion shows that international customers are coming on board with demand response and EnerNOC can scale its technology worldwide.
Now what: EnerNOC's solution is starting to be adopted on an ever larger scale, and the company's financial results are finally starting to show that. After turning its first quarterly profit earlier this year, the company is looking to get more traction with more customers. I'm still concerned about losses expected this winter, but the recent pullback has put shares within reason if signings like this continue.
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