After the bell, shares added 1.4% to $8.94.
Over the three months to March, the energy company recorded a net loss of 30 cents a share, inline with analysts' estimates, compared to profits of 3 cents a share a year earlier. Revenue was up 2.4% year over year to $95.3 million, beating expectations of $89.95 million according to analysts surveyed by Thomson Reuters.
TheStreet Ratings team rates ENERNOC INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENERNOC INC (ENOC) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."
- You can view the full analysis from the report here: ENOC Ratings Report