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Canaccord Genuity Maintains a 'Buy' on EnerNOC (ENOC); Cutting Estimates & PT

February 22, 2012 9:57 AM EST
Get Alerts ENOC Hot Sheet
Price: $7.65 --0%

Rating Summary:
    1 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 17
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Canaccord Genuity maintains a 'Buy' on EnerNOC (NASDAQ: ENOC) price target lowered to $12.50.

Analyst, John Quealy, said, "We look for shares to begin to gain support near current levels as yesterday’s negative pre-announcement and lowering of 2012-13 guidance helps to quantify EnerNOC’s PJM exposure."

"Our 2011 rev/GAAP EPS estimates go to $285.1M/$(0.53) from $290.8M/$(0.39). 2012E gets revised to $240.0M/$(1.60) from $280M/$(0.90) while 2013 goes to $350M/$(0.15) from $425M/$0.78."

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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Analyst Comments, Analyst EPS Change, Analyst PT Change