The value of small cap stock for EnerNOC, Inc. (NASDAQ:ENOC), a smart grid and demand response solutions provider, was up on Wednesday, and market bulls say the share prices could grow more, Nasdaq reports.
According to the news source, EnerNOC stock has grown more than 80 percent in the last three months, with huge gains reported after the company released its strong quarterly earnings report.
Now, the company's Energy Management Technology has been certified by the OpenADR Alliance – a major milestone for EnerNOC.
The firm announced that its Site Server is now certified by the smart grid regulatory body for its latest specification, OpenADR 2.0a.
"Standards-based solutions are essential for accelerating smart grid innovation, and EnerNOC is proud to continue to lead the market in the adoption of the OpenADR protocol," said Hugh Scandrett, EnerNOC's Vice President of Engineering. "Streamlining the development of fully automated demand response is particularly important as more and more utilities look to embrace demand response for ancillary services and other quick-response resources."
As of 3:45 p.m. on Wednesday, September 12, EnerNOC shares were up 11.8 percent to $11.26.