JP Morgan Maintains Overweight Rating On EnerNOC, Inc. (ENOC)

Analysts at JP Morgan have released an update on EnerNOC, Inc. ENOC. Since May 14, EnerNOC’s shares have declined by 10%, compared with a 5.5% decline for the S&P 500. The decline came after the PJM BRA results were released. The results indicated better-than-expected Demand Response (DR) pricing environment and increased market share for EnerNOC. The company also reported strong first-quarter results. As a result, analysts believe that sell-off in the stock is not justified. Analysts at JP Morgan have maintained their Overweight rating and $40 price target for EnerNOC, Inc.