Not Your Grandfather’s Energy Stocks: Waste Management, Inc. (WM), Solazyme Inc (SZYM), EnerNOC, Inc. (ENOC)

EnerNOC, Inc. (NASDAQ:ENOC) – Contrary to these last two stock recommendations, I usually do not invest in energy stocks, but I really like the way these companies have thought about providing the energy we need but in a new and innovative way. EnerNOC, Inc. (NASDAQ:ENOC) is a company with software and applications to manage the energy grid.  The products analyze a company’s use of energy to find cost savings and operational efficiencies.  I like the idea of efficient use of our electrical grids to provide better use of the resources we already have.  Unfortunately, from the investor’s point of view, the company is not exactly churning out the profits.  Their quarterly reports turned positive for the last published quarter in September but overall they are negative for 2012.  Their latest fiscal year closed on December 31, 2012, so this may give some update as to the state of their financial affairs.  The stock price on the other hand did very well.  The stock price soared over 70% since this time last year.  Definitely an interesting stock but the price leaves a lot to be desired for a company that has only been around since 2001 – and trading on the stock exchange since 2007.  It may be prudent to wait and see what happens to their market before endorsing this green idea.

Although I am not normally one to invest in energy stocks, investing in companies that are trying to make a difference in a world with insatiable needs for fuel helps me sleep a little better at night.  If I can personally profit from this attempt at innovating for the future, I sleep like a baby.  Thanks for participating in my soul cleansing.

The article Not Your Grandfather’s Energy Stocks originally appeared on Fool.com and is written by Candice Munroe.

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