EnerNOC Inc. (ENOC) Stock Price Down 10.8%
EnerNOC Inc. (NASDAQ:ENOC)’s share price was down 10.8% on Tuesday . The company traded as low as $6.39 and last traded at $6.60, with a volume of 686,976 shares. The stock had previously closed at $7.40.
A number of equities analysts recently weighed in on ENOC shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $8.50 target price on shares of EnerNOC in a research note on Friday, June 24th. Credit Suisse Group AG lowered shares of EnerNOC from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Zacks Investment Research lowered shares of EnerNOC from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Robert W. Baird reaffirmed a “buy” rating on shares of EnerNOC in a research note on Friday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of EnerNOC in a research note on Sunday, May 8th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.14.
The firm’s market capitalization is $179.75 million. The company has a 50-day moving average price of $6.78 and a 200-day moving average price of $6.54.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, May 5th. The company reported ($1.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.72) by $0.31. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $49.23 million. During the same period in the prior year, the business earned ($1.41) EPS. EnerNOC’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that EnerNOC Inc. will post ($3.08) earnings per share for the current year.
EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.
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