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