EnerNOC (ENOC) Bullish Stance Reiterated at Baird Post Q1

Baird analyst Ben Kallo reiterated an Outperform rating and $28 price target on EnerNOC (NASDAQ: ENOC) following ENOC’s Q1 report.

Kallo commented, "ENOC beat on the top and bottom lines, added ~200 enterprise EIS software customers, and raised 2014 revenue guidance. Although the upcoming PJM auction may cause near-term stock volatility, ENOC reiterated its goal of diversifying revenue away from PJM while expanding its international footprint and EIS revenue. We believe ENOC is well positioned for long-term growth outside of PJM and we remain buyers of the stock."

The firm trimmed FY 2014 EPS from $0.48 to $0.43.

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 $22.44 yesterday.

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