EnerNOC Inc. (ENOC) Trading Down 2.5%
Shares of EnerNOC Inc. (NASDAQ:ENOC) fell 2.5% on Thursday . The company traded as low as $5.55 and last traded at $5.57, with a volume of 56,574 shares traded. The stock had previously closed at $5.71.
A number of research firms have recently weighed in on ENOC. Credit Suisse Group AG downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of EnerNOC in a research report on Sunday, May 8th. Zacks Investment Research raised shares of EnerNOC from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Tuesday, May 10th. Robert W. Baird reaffirmed a “buy” rating on shares of EnerNOC in a research report on Friday, May 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of EnerNOC in a research report on Tuesday, May 31st. Four 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. The stock currently has a consensus rating of “Buy” and an average target price of $11.57.
The stock’s market cap is $162.59 million. The company’s 50 day moving average is $6.26 and its 200 day moving average is $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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