EnerNOC Inc. (ENOC) Shares Up 6.4%
Shares of EnerNOC Inc. (NASDAQ:ENOC) shot up 6.4% during mid-day trading on Monday . The company traded as high as $5.97 and last traded at $5.95, with a volume of 130,180 shares. The stock had previously closed at $5.59.
A number of brokerages recently issued reports on ENOC. Canaccord Genuity reissued a “hold” rating on shares of EnerNOC in a report on Monday, May 2nd. Needham & Company LLC reissued a “buy” rating on shares of EnerNOC in a report on Sunday, June 26th. Robert W. Baird reissued a “buy” rating on shares of EnerNOC in a report on Friday, May 6th. Zacks Investment Research raised EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Tuesday, May 10th. Finally, Credit Suisse Group AG cut EnerNOC from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $8.00 in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $11.57.
The firm’s 50 day moving average is $6.67 and its 200-day moving average is $6.55. The firm’s market cap is $172.65 million.
EnerNOC (NASDAQ:ENOC) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($1.41) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.72) by $0.31. The firm earned $53.40 million during the quarter, compared to the consensus estimate of $49.23 million. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.41) EPS. Equities analysts forecast that EnerNOC Inc. will post ($2.87) 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.