Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Enernoc Surges After Forecasting PJM Sales to Reach $275 Million

May 16 (Bloomberg) -- Enernoc Inc., an electricity demand-reduction service, surged as much as 16 percent after forecasting that sales within the power grid operated by PJM Interconnection LLC will exceed $275 million in 2014.

Enernoc rose at much as $3.05, or 18 percent, to $20.10 in Nasdaq Stock Market trading. The share were at $19.79, up 16 percent, at 10:25 a.m, trimming the Boston-based company’s loss this year to 18 percent.

Rising demand for Enernoc’s energy-reduction services during periods of high electricity use are expected to boost its revenue, based on an auction for its services to be provided in 2014 and 2015 that PJM announced on May 13, Enernoc said today in a statement. Norristown, Pennsylvania-based PJM runs the electricity market and grid in 13 states stretching from Illinois to New Jersey.

Enernoc aggregates electricity consumption from multiple companies, which receive lower power rates in exchange for allowing their service to be cut at times of high demand. The company’s sales in the first quarter were $31.8 million.

To contact the reporter on this story: Christopher Martin in New York at

To contact the editor responsible for this story: Reed Landberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.