Stephen Simpson, CFA
Nov. 5, 2014, 9:00 AM
- The buyer for $5.50 in cash per share in EnerNOC (NASDAQ:ENOC). World Energy (NASDAQ:XWES) is up 30.1% premarket to $5.40, and will have a "go-shop" opportunity for the next 55 days.
- Kudos to SA Pro's Signal Search who in late September spotted the value in the barely-followed stock. At that time, Signal Search thought the company conservatively worth $7.60 per share. Is a higher bid on the way?
Nov. 5, 2014, 7:49 AM
- World Energy Solutions (NASDAQ:XWES) +28.9% premarket after agreeing to be acquired by EnerNOC (NASDAQ:ENOC) for $76M, or $5.50/share, a 32.5% premium vs. yesterday's closing price.
- ENOC says the acquisition would add ~$30M to its annual recurring revenue; it says XWES' software is used by 4,000 companies.
Jun. 18, 2012, 11:17 AM
Quanta (PWR +.08%), Echelon (ELON -0.9%) and EnerNOC (ENOC +11.5%) are all potential takeout candidates in the smart grid space, says Piper Jaffray, after Elster (ELT +15.2%) confirmed it's in talks with Melrose to be bought for $20.50 per share. Piper notes Melrose's current bid is below recent smart grid takeout multiples, but in-line with its $21 price target for Elster.| Jun. 18, 2012, 11:17 AM
Mar. 26, 2012, 4:29 PM
EnerNOC (ENOC +2.9%) shares jumped after rival Comverge (COMV -5.3%) cut a $49M deal to go private and gather much-needed capital, but Wedbush cautions against any deal excitement, warning the buyout suggests ENOC would command just $2.98/share. ENOC has its own credit issues, the firm adds, attributing share gains to short covering on a sale it sees as "pretty unlikely."| Mar. 26, 2012, 4:29 PM