EnerNOC

It was another underwhelming week for the stock markets, with the broad markets and broad clean energy indices all losing ground over the five days. 

The only strongly positive clean energy sector was wind power and technology, with the EnergyBoom Wind Subindex (E•B Wind) increasing 1.35% and the First Trust Global Wind Energy ETF (FAN)  climbing 0.90%. Biggest loser was the solar power and technology sector, with the EnergyBoom Solar Subindex (E•B Solar) falling 7.34% and the Guggenheim Solar ETF (TAN) dropping 6.27%.

Shares of power demand response managers EnerNOC, Inc. (NASDAQ: ENOC) (market cap $588 million) and Comverge, Inc. (NASDAQ: COMV) (market cap $106 million) were trading up 27% and 7% respectively at midday on news released Friday by grid operator PJM Interconnection that demand response services would be an important part of its capacity in the June 2014 through May 2015 period.

The EnergyBoom Biofuel Subindex (E•B Biofuel) beat all the clean/energy efficiency sector subindices this week with a 4.70% increase, while the broader clean energy indices fell 1.21% (EnergyBoom Clean 100 Index (E•B Clean 100)) to 3.21% (First Trust NASDAQ Clean Edge Green Energy Index (QCLN)).

Shares of Aleo Solar AG (XETRA: AS1.DE) are up more than 23% since Tuesday when Robert Bosch GnbH announced it had increased its holding of Aleo from 70% to 82% and was offering to purchase the remainder of the company’s shares for 22 Euros ($30.25) each.  Robert Bosch, based in Stuttgart, Germany, claims to be the world’s largest automotive supplier. Aleo, based in Oldenburg, Germany, produces solar modules and photovoltaic systems in plants in Germany, Spain and China.

Shares of EnerNOC, Inc. (NASDAQ: ENOC), the pure-play leader in providing demand response coordination that helps power utilities meet peak power demands, continued on a downward trajectory today after releasing losses for Q4 2010 and defending its billing practices.

The week began slowly, picked up stream after President Barack Obama’s State of the Union Speech Tuesday night, then ended poorly with the riots in Egypt pushing all stock market sectors

EnergyBoom’s Efficiency Subindex (E•B Efficiency) increased 4 percent this week to beat the broad market indices and other green sector indices, led by Power-One, Inc. (NASDAQ: PWER), which increased 14 percent, and Rubicon Technology, Inc. (NASDAQ: RBCN), which was up 11 percent.

We all know that the U.S. power generation and distribution infrastructure is in dire need of upgrading into the so-called Smart Grid. Lots of money and smart people are working to make this happen, although whether the effort is sufficient is questionable. 

Shares in Syntroleum Corporation (NASDAQ: SYNM) declined only slightly yesterday (and recovered today) after the company reported another quarter of depressed financial results. 

The share price might have fallen more had not investors received some good news with the bad: The company’s new biodiesel plant at Geismar, Louisiana, the largest commercial scale biodiesel facility in the United States, is now producing and selling biodiesel formulated as jet fuel to the United States Air Force Research Laboratory. 

Other news: EnerNoc, Inc. (NASDAQ: ENOC), LDK Solar Co. Ltd. (NYSE: LDK), JA Solar Holdings Co. Ltd. (NYSE: JASO)