EnerNOC Inc. (ENOC) Rating Reiterated by Morgan Stanley
EnerNOC Inc. (NASDAQ:ENOC)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday.
Several other research analysts have also recently issued reports on the stock. Canaccord Genuity restated a “hold” rating and set a $6.00 price target on shares of EnerNOC in a research report on Monday, September 26th. Needham & Company LLC restated a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of EnerNOC in a research report on Wednesday, August 3rd. Credit Suisse Group AG lowered shares of EnerNOC from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research lowered shares of EnerNOC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Five 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 stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.21.
Shares of EnerNOC (NASDAQ:ENOC) remained flat at $5.34 on Tuesday. 149,709 shares of the stock traded hands. The firm’s market capitalization is $154.76 million. The stock has a 50 day moving average price of $5.50 and a 200 day moving average price of $6.47. EnerNOC has a 1-year low of $2.92 and a 1-year high of $9.62.
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A number of institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its position in shares of EnerNOC by 4.8% in the second quarter. California Public Employees Retirement System now owns 407,200 shares of the company’s stock worth $2,574,000 after buying an additional 18,700 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of EnerNOC during the second quarter worth approximately $478,000. KBC Group NV increased its position in shares of EnerNOC by 10.6% in the second quarter. KBC Group NV now owns 90,358 shares of the company’s stock worth $571,000 after buying an additional 8,663 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 during the period. Finally, Smith Asset Management Group LP increased its position in shares of EnerNOC by 69.5% in the second quarter. Smith Asset Management Group LP now owns 19,510 shares of the company’s stock worth $123,000 after buying an additional 8,000 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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