Jefferies Cuts Numbers On EnerNOC (ENOC) After Preannouncement

February 22, 2012 7:28 AM EST
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Price: $7.65 --0%

Rating Summary:
    1 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies cut estimates and its price target on EnerNOC (NASDAQ: ENOC) after the company preannounced FY11 revenue toward the lower end of previous guidance and a wider GAAP EPS loss, and also dramatically lowered guidance for FY12 and FY13 due to regulatory changes in PJM.

The price target goes form $11 to $10. FY11 EPS goes from ($0.35) to ($0.54) and FY12 from ($0.88) to ($1.47).

The company's earnings call is on Feb. 27.

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 $9.69 yesterday.


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