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EnerNOC, Inc. Message Board

  • jpmarketer jpmarketer Nov 25, 2013 10:35 AM Flag

    Price Action looks Rough

    Notwithstanding the positive fundmentals Healy laid out in the Baird Conference and on the call --

    We're in no man's land between now and next earnings. The pps typically drifts down now, and could gap down if we see the correction all the pundits are claiming is here. I see since the report, shares are available to short (first time ever) on E-trade. Don't know that this is a good sign.

    I'm staying long, although I lightened up my position recently, seeing ENOC's 3-day top in high 17's, even though market has been melting up/exuberant during this period. That exuberance continued this morning with the Iran deal, but no movement on ENOC. That's another sign I see that we're succeptible to dowdraft when the broader market dips - and when it does after all this built up anticiption, the dip could be sharp.

    I anticipate ENOC's reporting more business progress in February, but it's a long, cold winter until then.

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    • I pretty much share your sentiments here. I will say, however there are potential catalysts that could shoot this thing up short term:
      1) Large, unanticipated utiltiy contracts
      2) Announcements on entering new markets (Japan, Germany, China)
      3) Favorable Regulatory rulings
      4) Company being purchased

      Long term, I find it hard to believe that there is absolutely no interest out there from larger fish on making #4 happen. Company is now profitable and more easily given a valuation and has some nice profitable growth for the next few years at least. I really think the 30s are in our future in the next few months. Next year's earnings I think can get over $1, NON-GAAP earnings well over $1. Lots of revenue growth in its future with new international and local markets and transforming the company into a market leader in EIS make this stock very compelling. High potential for stock to blow up when EIS takes off. I have no problem sitting on this long term for all the above reasons...

      Sentiment: Strong Buy

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