J.P. Morgan reiterates its Overweight rating on EnerNOC Inc. ENOC.
In a note to clients, J.P. Morgan writes, "The pullback in ENOC stock presents long-term investors with an opportunity to build positions in this growth stock at a reasonable price in our view. ENOC has traded down 23.2% YTD (S&P 500 up 6.7%). We believe the stock is currently pricing in a misunderstanding regarding PJM's DR program intentions."
ENOC closed Friday at $23.32.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorAnalyst RatingsDiversified Commercial & Professional ServicesEnerNocIndustrialsJ.P. Morgan
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in