EnerNOC (ENOC) Shares Gain as FERC's Demand Response Rule Upheld by Supreme Court

January 25, 2016 10:30 AM EST
Get Alerts ENOC Hot Sheet
Price: $7.65 --0%

Overall Analyst Rating:
    NEUTRAL (= Flat)

Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

EnerNOC (NASDAQ: ENOC) shares surged Monday after the U.S. supreme court voted 6-2 that the Federal Energy Regulatory Commission acted within its authority with its Demand Response Rule.

Alcoa (NYSE: AA) and EnerNOC backed the rule, which helps large consumers reduce their power use.

The decision invalidates a rule that would have benefited American Electric Power (NYSE: AEP), Calpine Corporation (NYSE: CPN), Dynegy (NYSE: DYN), FirstEnergy (NYSE: FE), NRG Energy (NYSE: NRG), Public Service Enterprise (NYSE: PEG), Calpine Corp. (NYSE: CPN), and Talen Energy (NYSE: TLN), according to a report from Bloomberg.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Litigation, Momentum Movers, Trader Talk, Trading Halts