Shares of EnerNOC Inc. (NASDAQ:ENOC) shot up 1.6% during trading on Wednesday . The stock traded as high as $6.11 and last traded at $5.58, with a volume of 248,840 shares trading hands. The stock had previously closed at $5.49.

Several brokerages have recently commented on ENOC. Robert W. Baird restated a “buy” rating on shares of EnerNOC in a research report on Friday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price (up from $10.00) on shares of EnerNOC in a research note on Sunday, May 8th. Canaccord Genuity reaffirmed a “hold” rating on shares of EnerNOC in a research note on Tuesday, May 31st. Zacks Investment Research raised shares of EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, May 10th. Finally, Credit Suisse Group AG cut shares of EnerNOC from an “outperform” rating to a “neutral” rating and cut their target price for the company from $10.00 to $8.00 in a research note on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.57.

The firm’s market capitalization is $162.59 million. The company has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.66.

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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