Bookkeeping: Beginning Stake in Smart Grid Company EnerNOC (ENOC)

By Trader Mark
23 November 2009 @ 12:45 pm EDT

I believe this is the first time I've spoken about EnerNOC (ENOC) in the blog, but it is part of a very small niche in the market based on smart grid updates; perhaps 4-5 stocks in all.  Just in the past week or two a new ETF for this sector has been launched (symbol: GRID) which has 29 stocks, but I'd argue many are not pure plays.  I expect a lot of focus in this area by the political class in the future although many of the stocks had huge runs when speculative small cap stocks were more en vogue during the summer.  The key names have sold off sharply since then and ENOC is no different.

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