Investigation Overview
November 18, 2015 (Shareholders Foundation) - An investigation on behalf of investors of EnerNOC, Inc. (NASDAQ:ENOC) shares over potential securities laws violations by EnerNOC, and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of EnerNOC, Inc. (NASDAQ:ENOC) concerning whether a series of statements by EnerNOC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 13, 2014, EnerNOC, Inc. announced its results for the fourth quarter and year ended December 31, 2013 and issued its outlook for 2014. EnerNOC, Inc. reported that its annual Total Revenue rose from $277.98 million in 2012 to $383.46 million in 2013 and that its Net Loss of $22.29 million in 2012 turned into a Net Income of $22.09 million in 2013.
Shares of EnerNOC, Inc. (NASDAQ:ENOC) grew from $12.02 per share in June 2013 to as high as $23.70 per share in May 2014.
On February 26, 2015, EnerNOC, Inc. announced its results for the fourth quarter and year ended December 31, 2014. EnerNOC, Inc. reported that its annual Total Revenue rose from $383.46 million in 2013 to $471.95 million in 2014 whiles its Net Income declined from $22.09 million in 2013 to $12.09 million in 2014.
On November 5, 2015, EnerNOC, Inc. announced its third quarter of 2015 financial results and issued its updated guidance for the fourth quarter and full year 2015.
Shares of EnerNOC, Inc. (NASDAQ:ENOC) declined to as low as $3.90 per share on November 12, 2015.