EnerNOC Inc. (ENOC) Sees Large Volume Increase
EnerNOC Inc. (NASDAQ:ENOC) saw strong trading volume on Tuesday . 375,568 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 282,212 shares.The stock last traded at $6.17 and had previously closed at $5.92.
Several analysts have commented on ENOC shares. Canaccord Genuity reiterated a “hold” rating on shares of EnerNOC in a research note on Monday, May 2nd. Needham & Company LLC reiterated a “buy” rating on shares of EnerNOC in a research note on Sunday, June 26th. Robert W. Baird reiterated a “buy” rating on shares of EnerNOC in a research note on Friday, May 6th. Zacks Investment Research upgraded EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Tuesday, May 10th. Finally, Credit Suisse Group AG downgraded 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 issued a buy rating and one has assigned a strong buy rating to the company. EnerNOC has a consensus rating of “Buy” and an average price target of $11.57.
The stock’s market cap is $170.56 million. The stock has a 50-day moving average price of $6.61 and a 200-day moving average price of $6.62.
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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