Which small cap energy name could give your portfolio a much needed jolt?
According to the Fast Money traders it's EnerNOC ! The company's somewhat unusual name stands for Energy Network Operations Center.
According to the firm's website, EnerNOC helps commercial, institutional and industrial organizations use energy more intelligently, pay less for it, and generate cash flow that benefits the bottom line.
Essentially the company acts as energy traffic cop watching for periods when electricity grids are overextended. EnerNOC pays its clients to reduce electricity usage during times of peak demand.
They literally contact you when the grids are at risk of brownout and ask you to turnoff some electrical devices. (Yes, it's mostly automated.)
Here are some more particulars:
-Based in Boston, MA
-Industry: Electric Utilities
-Market Cap: $411 million
-52 Week Low $25.00
-52 Week High $4.80
-Over past year stock is down 32%
What makes EnerNoc a rising star stock?
We spoke with CEO Tim Healy to learn more about the company. Hear what he told us. Watch the video now!