Canaccord Genuity Sticks to Its Hold Rating for Enernoc

By Austin Angelo

In a report issued on June 22, John Quealy from Canaccord Genuity reiterated a Hold rating on Enernoc (NASDAQ: ENOC), with a price target of $7.67. The company’s shares closed yesterday at $7.65, close to its 52-week high of $7.74.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 7.1% and a 55.0% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Ceco Environmental, and Lsi Industries Inc.

Currently, the analyst consensus on Enernoc is Hold and the average price target is $7.67, representing a 0.3% upside.

In a report released yesterday, Raymond James also downgraded the stock to Hold.

The company has a one year high of $7.74 and a one year low of $4.80. Currently, Enernoc has an average volume of 296.5K.

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EnerNOC, Inc. engages the provision of energy intelligence software and demand response solutions It offers software-as-a-service or SaaS which improve how enterprises manage and control energy costs for their organizations. It operates through the Software and Demand Response segments. The Software segment offers a range of solutions which supports enterprise, utility, and energy procurement solutions. The Demand Response segment centralizes demand response event performance and help manage outcomes between the control rooms dispatching the resource and the commercial and industrial end-users providing the resource. The company was founded by David B. Brewster and Timothy G. Healy in December 2001 and is headquartered in Boston, MA.,006TQM-E