Brean Murray Carret & Co. Assumes Coverage on EnerNOC (ENOC) at Buy; Continue to Benefit From Positive Macro Environment

Brean Murray Carret & Co. assumes coverage on EnerNOC (NASDAQ: ENOC) with a Buy. PT $23.

Brean analyst says, "ENOC's growth trajectory has continued in 2011, with recent announcements of a new contract win (PPL) and acquisition (Energy Response Pty, Ltd.). We conside ENOC the established market leader in the areas in which it competes, and our expectations are that the company will continue to benefit from a positive macro environment."

For more ratings news on EnerNOC click here and for the rating history of EnerNOC click here.

Shares of EnerNOC closed at $16.82 yesterday.

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