EnerNoc, a company that makes money by throttling corporate energy use, on Wednesday reported a spike in fourth-quarter revenue, but a larger-than-anticipated loss drove down its stock price.
The company said that fourth-quarter 2007 revenue was $19.7 million, up 234 percent year over year, and full-year revenue more than doubled to $60.8 million.
The net loss for the quarter was $9, or 48 cents per share, more than the First Call consensus of 30 cents. EnerNoc's stock price dropped nearly 15 percent Wednesday on the news. Update: EnerNOC's stock was down over 27 percent by 1:… Read more