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Renewable Energy Stock Alert: EnerNOC (NASDAQ:ENOC) Gains 11.94% in Morning Trading
Elster Group SE (ELT) Leads Smart Grid Sector on Acquisition News
Category: Investment, Renewable Energy
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News about EnerNOC
New York, NY - June 18, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com news staff: Investorideas.com, a leader in renewable energy stock research for independent investors, issues a trading alert for smart grid stock, EnerNOC, Inc. (NASDAQ:ENOC), trading at $ 6.75 gaining $ 0.72 (11.94%) 11:13AM EDT on over 350,000 shares.
The stock is trading up with the sector following news from Elster Group SE (ELT) that it is in discussions with Melrose PLC regarding a potential cash offer for all outstanding shares of Elster at US$20.50 per ADR Share, or approximately US$2.3 billion in aggregate on a fully diluted basis. ELT is trading up 15% at the time of this report.
Last week EnerNOC announced the latest release of its award-winning energy management application platform that collects real-time energy data from thousands of commercial, institutional, and industrial sites, integrates it with external data feeds such as market and weather data, and presents users with intuitive dashboards, tools, and reports to become better energy managers. EnerNOC also announced the release of its first mobile application.
About EnerNOC
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. www.enernoc.com.
About Elster
Elster (ELT) is one of the world's largest electricity, gas and water measurement and control providers. Its offerings include distribution monitoring and control, advanced smart metering, demand response, networking and software solutions, and numerous related communications and services - key components for enabling consumer choice, operational efficiency and conservation. Its products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets.
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