EnerNoc, which sells systems that automatically curb power consumption in buildings, saw its stock jump 20 percent on Friday, a day after its initial public offering.
EnerNoc sold 3.75 million shares for $26 a share in its IPO. The shares started trading on the open market on Friday and closed at $31.13. The $26 price was higher than expected. The company initially said it would sell its stock for $21 to $23 a share and then raised the range to $23 to $25 a share.
The company monitors electrical consumption in commercial buildings and matches that against electrical … Read more