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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:16 EDTENOCEnerNOC announces new contract with Southern California Edison
EnerNOC announced that it has expanded its presence in Southern California through a new contract with Southern California Edison. Under the terms of the new contract, EnerNOC will increase its number of megawatts in SCE's service territory by approximately 15% through December 31, 2014, consistent with the term of EnerNOC's expanded contract with PG&E announced in a press release dated February 5. EnerNOC won the additional megawatts through a competitive bidding process in which EnerNOC was awarded more than twice as many megawatts as any other third-party provider, and more than 40% of all megawatts awarded to the six successful bidders.
News For ENOC From The Last 14 Days
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April 15, 2014
12:58 EDTENOCOn The Fly: Midday Wrap
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10:00 EDTENOCOn The Fly: Analyst Upgrade Summary
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05:31 EDTENOCEnerNOC upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded EnerNOC to Overweight as it believes the PJM auction results to be posted on May 23 will show significantly improved pricing. The firm raised its price target for the stock to $24.50 from $21.
April 14, 2014
08:06 EDTENOCEnerNOC promotes CFO Neil Moses to COO, CFO
EnerNOC (ENOC) announced that CFO Neil Moses has been appointed COO. Moses currently oversees domestic operations, and under this new role, will assume additional responsibility for certain international operations, including the operations of EnTech (ENSL), which recently entered into an agreement to be acquired by EnerNOC. Oliver Dowson, EnTech's CEO, will report to Moses. With the recent acquisitions and the closing of EnTech, EnerNOC will have over 1,000 employees, 30% of whom are located outside of the United States.
07:03 EDTENOCEnerNOC to acquire EnTech
EnerNOC announced that it has entered into an agreement to acquire EnTech. EnTech's software is currently deployed in over 100 countries, including many of the world's fastest growing economies, such as China, India, and Brazil. EnTech generates approximately $10M in revenue annually and has offices in eight countries. It is headquartered in the United Kingdom and operates a software development center in Mumbai, India with approximately 100 employees at that location. The transaction is expected to close in April.

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