EnerNOC Inc. (ENOC) Trading Down 10.8%
Shares of EnerNOC Inc. (NASDAQ:ENOC) fell 10.8% during trading on Tuesday . The stock traded as low as $6.39 and last traded at $6.60, with a volume of 686,976 shares traded. The stock had previously closed at $7.40.
Several brokerages have commented on ENOC. Canaccord Genuity reaffirmed a “hold” rating on shares of EnerNOC in a research report on Monday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating on shares of EnerNOC in a research report on Sunday, June 26th. Robert W. Baird reaffirmed a “buy” rating on shares of EnerNOC in a research report on Friday, May 6th. Zacks Investment Research raised shares of EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Tuesday, May 10th. Finally, Credit Suisse Group AG lowered shares of EnerNOC from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $8.00 in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $11.57.
The firm has a 50-day moving average of $6.74 and a 200-day moving average of $6.56. The firm’s market capitalization is $167.11 million.
EnerNOC (NASDAQ:ENOC) last released its earnings results on Thursday, May 5th. The company reported ($1.41) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.72) by $0.31. The business earned $53.40 million during the quarter, compared to analysts’ expectations of $49.23 million. During the same period in the prior year, the company earned ($1.41) earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.