J.P. Morgan Reiterates Overweight on EnerNOC (ENOC)

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.