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) jumped 20% today, after the company reported fourth quarter earnings.

So what: Revenue was up 58% from a year ago, to $42.3 million, and net loss was $25.8 million, or $0.76 per share on a non-GAAP basis. Both numbers were better than expected, but investors got very excited about an estimate of a $0.60 to $0.85 profit for 2013. 

Now what: EnerNOC's results are all over the map, and a heat wave or cool spell here and there can swing results quarter to quarter, making predictions very difficult. What we know right now is that revenue was down in 2012, and the company reported an $0.84 per share loss for the full year. Until I see consistent profits, I think this stock is too risky to jump into, even if things are pointing up right now.

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Fool contributor Travis Hoium has no position in any stocks mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw

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