Canaccord Genuity Raises Price Target on EnerNOC (ENOC) After Presenting at Global Growth Conference
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Price: $13.01 +0.39%
Rating Summary:
6 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
6 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade ENOC Now!
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, with a 52 week range of $5.41-$13.74.
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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, with a 52 week range of $5.41-$13.74.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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