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.
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Posted In: Analyst ColorAnalyst RatingsDiversified Commercial & Professional ServicesIndustrialsJP Morgan
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