Canaccord Genuity Raises Price Target on EnerNOC (ENOC) After Presenting at Global Growth Conference
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: 12 | New: 13
Rating Summary:
1 Buy, 14 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Canaccord Genuity maintains a 'Buy' on EnerNOC (NASDAQ: ENOC) price target of $14.00 (from $11.50)
Analyst, John Quealy, said, "After a very tough TTM for shares, visibility is clearly improving into 2013, as order flow and margins outperform and a return to execution is the focus. Valuation looks very compelling, in our view, even as contracted PJM prices rise ~80% over the next three years."
"Conference: In short, visibility on margins and revenues is very strong, with ~$1.6B in future contracted revenues (~90% to be recognized before May 2016). We expect the potential for further margin benefits to become visible during H2/12."
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 $9.86 yesterday.
Analyst, John Quealy, said, "After a very tough TTM for shares, visibility is clearly improving into 2013, as order flow and margins outperform and a return to execution is the focus. Valuation looks very compelling, in our view, even as contracted PJM prices rise ~80% over the next three years."
"Conference: In short, visibility on margins and revenues is very strong, with ~$1.6B in future contracted revenues (~90% to be recognized before May 2016). We expect the potential for further margin benefits to become visible during H2/12."
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 $9.86 yesterday.
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