Isn't the market wonderful...I discovered this stock 2 weeks ago. Was unable to understand the pricing since its positioning was so strategically valuable. Being wary of trying to catch a falling knife, I only bought a little. After the earnings announcement, I was excited but the stock had risen so much ( 30% in 2 weeks) I didn't want to add. Today has been a wonderful opportunity to add to my position.
Good luck with your shorting strategy. I suspect you will need it but perhaps you can get in and out quick enough to profit.
Sentiment: Strong Buy
for such horrible performance? Didn't options used to be granted so that they had to achieve a certain price to get exercised? Where's the incentive to perform. These guys are printing money, while shareholders lose.
Vote for Bernie Sanders and stop the corporate looting going on in all these companies.............
I would say that it follows the energy complex downward. Also, PJM is a near term overhang until we get that out of the way. After that, the Supreme Court hearing keeps a ceiling on this into the fall.
On the plus side, we have some nice insider purchases down here. I have been selling covered calls on this and may continue to do so for the next couple months.
I guess the simple interpretation would be that the drastic reversal their march toward profitability – which they achieved in 2013 – has resulted in beliebers in their new business model (which will take some time to pay off) being sorely outweighed by nonbeliebers. I added to my position yesterday thinking "how much lower cam it go, seriously?" Well, another 6.4%, as of this writing. Why there should be such drastic investor/trader pessimism about a new model for Enernoc that has them serving as the energy management brains for Tesla and Sunpower at a time when the green economy is getting into second or even third gear is a puzzle.
Here is a short summary of the case, from the Economist:
"The Federal Energy Regulatory Commission ruled this summer that grid operators should pay demand-response providers the going rate for megawatts. But an industry group, the Electric Power Supply Association, along with other incumbent firms, argues that real energy generated by real power plants should attract a higher price, in order to stimulate much-needed investment."
The supreme course case is getting ever closer, as demonstrated by the following article. Guessing this downdraft is caused in part by the uncertainty...hoping it's nothing more. Enjoy:
Question I have is what insiders are buying? I'm not seeing it.
Beyond that I thought it was a great article, very informative. I do think the long term prospects of this company as they build a new business model are good.
HOWS that short looking for you now? LOL. ENOC going to $15 by end of the year, $20+ on acquistion!
Sentiment: Strong Buy