Needham & Company Reiterates Buy on EnerNOC (ENOC), Sees Growth in 2013/14

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Needham & Company Reiterated their Buy rating on EnerNOC (NASDAQ: ENOC) and raised their price target to $10.00 (from $7.50).

"Overall, we believe ENOC is on the right path to re-establish profitability next year as its long-awaited step-up year with PJM finally arrives (and appears set to continue), said analyst Sean K.F. Hannan.

"Buoyed by a geographically diversifying customer base and expansion of non-DR focused services, we expect 2013 and 2014 to be solid growth years for the company," he added.

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 $6.83 yesterday, with a 52 week range of $5.41-$15.11.

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