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What: Shares of EnerNOC
So what: EnerNOC, which helps companies efficiently manage their energy usage, reported better-than-expected revenue ($162.8 million, up 58%) and earnings ($1.67 per share, up 65%). However, guidance for its next quarter disappointed Wall Street. In the conference call, management said revenue and earnings are "trending toward the midpoint of our previous 2010 guidance range."
Now what: Investors looking toward longer-term catalysts should keep an eye on international expansion, which started in the U.K several months ago. President and co-founder David Brewster said on the call that EnerNOC has "established a solid team and believe we are in a similar development stage in the U.K. as we were in New England in 2004 or Texas in 2009 and are excited by the near-term growth opportunities we see."
Interested in more info on EnerNOC? Add it to your watchlist.
Fool analyst Rex Moore owns no companies mentioned here. EnerNOC is a Motley Fool Rule Breakers recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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