EnerNOC Lands PacifCorp Demand Response Deal; Shares Back Off 52-Week Top, Down 1%


Shutterstock photo

Shares of EnerNOC, Inc. ( ENOC ) surged to a new 52-week high of $18.60 earlier in the session, but are now down 0.7% to $17.75, after the company announced a new 10-year contract with PacifiCorp to deliver approximately 185 megawatts of electric reduction capability in Idaho and Utah, with the potential to expand into additional states in the future.

This contract represents one of the largest outsourced demand response programs in North America and EnerNOC's largest single contract in the agricultural sector.

Specific terms of the deal were not disclosed.

ENOC has a day's range of $17.71 - $18.60, with a 52-week bottom of $5.41.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com