EnerNOC Inc. (ENOC) Stock Rating Reaffirmed by Canaccord Genuity
EnerNOC Inc. (NASDAQ:ENOC)‘s stock had its “hold” rating reiterated by Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a $6.00 target price on the stock. Canaccord Genuity’s target price points to a potential upside of 10.70% from the stock’s previous close.
ENOC has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating on shares of EnerNOC in a research note on Sunday, June 26th. Zacks Investment Research downgraded shares of EnerNOC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $11.21.
EnerNOC (NASDAQ:ENOC) opened at 5.42 on Monday. The stock’s market capitalization is $157.08 million. The firm’s 50-day moving average is $5.62 and its 200 day moving average is $6.61. EnerNOC has a 12-month low of $2.92 and a 12-month high of $9.79.
A number of institutional investors have recently added to or reduced their stakes in ENOC. Schwab Charles Investment Management Inc. boosted its position in EnerNOC by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 91,313 shares of the company’s stock worth $578,000 after buying an additional 1,302 shares in the last quarter. Raymond James & Associates boosted its position in EnerNOC by 2.5% in the second quarter. Raymond James & Associates now owns 56,465 shares of the company’s stock worth $357,000 after buying an additional 1,379 shares in the last quarter. Bank of New York Mellon Corp boosted its position in EnerNOC by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 145,594 shares of the company’s stock worth $921,000 after buying an additional 3,655 shares in the last quarter. Squarepoint Ops LLC boosted its position in EnerNOC by 34.2% in the first quarter. Squarepoint Ops LLC now owns 15,300 shares of the company’s stock valued at $114,000 after buying an additional 3,900 shares during the period. Finally, Menta Capital LLC boosted its position in EnerNOC by 25.3% in the first quarter. Menta Capital LLC now owns 29,200 shares of the company’s stock valued at $218,000 after buying an additional 5,900 shares during the period. Hedge funds and other institutional investors own 49.14% of the company’s stock.
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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