Canaccord Genuity Raises Price Target on EnerNOC (ENOC) After Presenting at Global Growth Conference

August 20, 2012 8:55 AM EDT
Get Alerts ENOC Hot Sheet
Price: $5.75 -1.71%

Rating Summary:
    5 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade ENOC Now!
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on EnerNOC (NASDAQ: ENOC) price target of $14.00 (from $11.50)

Analyst, John Quealy, said, "After a very tough TTM for shares, visibility is clearly improving into 2013, as order flow and margins outperform and a return to execution is the focus. Valuation looks very compelling, in our view, even as contracted PJM prices rise ~80% over the next three years."

"Conference: In short, visibility on margins and revenues is very strong, with ~$1.6B in future contracted revenues (~90% to be recognized before May 2016). We expect the potential for further margin benefits to become visible during H2/12."

For an analyst ratings summary and ratings history on EnerNOC click here. For more ratings news on EnerNOC click here.

Shares of EnerNOC closed at $9.86 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Canaccord Genuity

Add Your Comment