Needham & Company Upgrades EnerNOC to Buy (ENOC)

By admin | 6 years ago

EnerNOC (NASDAQ: ENOC) was upgraded by Needham & Company from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $7.50 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of EnerNOC in a research note to investors on Monday. Separately, analysts at Ardour Capital upgraded shares of EnerNOC from a “hold” rating to an “accumulate” rating in a research note to investors on Friday, May 4th. They now have a $7.50 price target on the stock, down previously from $10.00. Finally, analysts at Wedbush reiterated an “underperform” rating on shares of EnerNOC in a research note to investors on Monday, March 26th.

EnerNOC traded down 1.79% on Tuesday, hitting $6.02. EnerNOC has a 52-week low of $5.90 and a 52-week high of $18.75. The company’s market cap is $159.9 million.

EnerNOC last posted its quarterly 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. Analysts expect that EnerNOC will post $1.56 EPS 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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