Needham & Company Reaffirms Hold Rating on EnerNOC (ENOC)

By admin | 6 years ago

EnerNOC (NASDAQ: ENOC)‘s stock had its “hold” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush reiterated an “underperform” rating on shares of EnerNOC in a research note to investors on Monday, March 26th. Separately, analysts at Capstone upgraded shares of EnerNOC from a “sell” rating to a “hold” rating in a research note to investors on Thursday, March 15th. Finally, analysts at Capstone downgraded shares of EnerNOC from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, February 28th.

Shares of EnerNOC traded down 2.12% during mid-day trading on Friday, hitting $5.99. EnerNOC has a 52 week low of $5.90 and a 52 week high of $22.38. The company’s market cap is $170.6 million.

EnerNOC last announced its earnings results on Thursday, May 3rd. The company reported ($0.86) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.00) by $0.14. The company’s quarterly revenue was down 22.7% on a year-over-year basis. On average, analysts predict that EnerNOC will post $1.23 earnings per share next quarter.

EnerNOC, Inc. (EnerNOC) is a provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading support services.

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