EnerNOC Inc. (ENOC) Trading Up 3.8%
EnerNOC Inc. (NASDAQ:ENOC) was up 3.8% on Monday . The company traded as high as $6.75 and last traded at $6.75, with a volume of 180,349 shares trading hands. The stock had previously closed at $6.50.
A number of equities research analysts have weighed in on ENOC shares. Zacks Investment Research upgraded EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Tuesday, May 10th. Needham & Company LLC restated a “buy” rating and set a $12.00 price target (up previously from $10.00) on shares of EnerNOC in a research report on Sunday, May 8th. Robert W. Baird restated a “buy” rating on shares of EnerNOC in a research report on Friday, May 6th. Canaccord Genuity restated a “hold” rating and set a $8.50 price target on shares of EnerNOC in a research report on Friday, June 24th. Finally, Raymond James Financial Inc. raised their price target on EnerNOC from $21.00 to $26.00 and gave the company a “strong-buy” rating in a research report on Monday, March 28th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.88.
The stock’s 50-day moving average price is $6.68 and its 200 day moving average price is $6.18. The company’s market cap is $194.44 million.
EnerNOC (NASDAQ:ENOC) last issued its earnings results on Thursday, May 5th. The company reported ($1.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.72) by $0.31. During the same quarter in the prior year, the company earned ($1.41) earnings per share. The company earned $53.40 million during the quarter, compared to the consensus estimate of $49.23 million. EnerNOC’s revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that EnerNOC Inc. will post ($3.08) EPS for the current fiscal 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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