We like Enernoc as our best highly speculative idea right now.
The company has been investing heavily, and Wall Street got freeked by the expense growth. Yet the renewal revenue model, and the "net present value of a new customer" justify this investment level.
Acquistions layered over hyper growth create real execution risk. Still we think the market is new, the competitors are struggling to keep up and ENOC has the momentum.
Read our blog dedicated to demand response and ENOC at
http://wwwenocjuice.blogspot.com/
Wednesday, May 7, 2008
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