Needham & Company Maintains a 'Hold' on EnerNOC (ENOC); Updating Outlook After Q1 Results
Tweet
Share
E-mailGet Alerts ENOC Hot Sheet
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
Rating Summary:
1 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on EnerNOC (NASDAQ: ENOC).
Analyst, Sean K.F. Hannan, said, "In the post-PJM measurement and verification debate era, ENOC appears to be seeing positive indicators and opportunities that could drive better results longer-term. Overall, we are encouraged that business activity is returning for the moment as its team brings on healthy megawatts to support its future commitments. However, we would be further encouraged by a tightening of cost controls in addition to either a strong 2015/16 auction result or large new contract wins. Consequently, we reiterate our Hold at present."
"Our 2Q estimate of $40.0M and -$0.78 GAAP becomes $39M and -$1.09 (or, -$0.90 non-GAAP). Our former 2012 estimate of $260M and -$1.40 (-$0.75, non-GAAP) is now $267M & -$1.41 (-$0.72, non-GAAP)."
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 $5.78 yesterday.
Analyst, Sean K.F. Hannan, said, "In the post-PJM measurement and verification debate era, ENOC appears to be seeing positive indicators and opportunities that could drive better results longer-term. Overall, we are encouraged that business activity is returning for the moment as its team brings on healthy megawatts to support its future commitments. However, we would be further encouraged by a tightening of cost controls in addition to either a strong 2015/16 auction result or large new contract wins. Consequently, we reiterate our Hold at present."
"Our 2Q estimate of $40.0M and -$0.78 GAAP becomes $39M and -$1.09 (or, -$0.90 non-GAAP). Our former 2012 estimate of $260M and -$1.40 (-$0.75, non-GAAP) is now $267M & -$1.41 (-$0.72, non-GAAP)."
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 $5.78 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
