EnerNOC Seeks Strategic ‘Alternatives’ Amid Software Slump

By [email protected] The U.S. demand response provider EnerNOC staked much of its future on expanding its energy efficiency and management software businesses. Now, the company has come to a financial impasse that could see it selling off those business units — or the company as a whole.

That’s the dire news from EnerNOC’s fourth-quarter and full-year 2016 earnings report on Tuesday. Although the Boston-based company beat Wall Street expectations on revenue and net income for 2016, it also offered poor guidance for 2017, with revenue expected to fall to between $310 million and $340 million, compared to $404 million last year. Losses

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 8 times, 1 visits today)

Comments

comments



© 2014 RenewaNews