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Enter Symbol:
Rating: ENOC
Buy $18.50

ENERNOC INC. (NASDAQ: ENOC) reiterated to Buy with price target $18.50 by Needham

Friday,  Feb 27, 2015  8:25 AM ET by Betsy O'Brien Harrison

Needham reiterated ENERNOC INC. (NASDAQ: ENOC) to Buy with price target
$18.50. Previously Needham reiterated ENERNOC INC. (NASDAQ: ENOC) to Strong Buy with price target $28 on 07/17/2014, when the stock price was $17.87.

EnerNOC, Inc. (EnerNOC) is a developer and provider of clean and intelligent energy solutions. The Company uses its Network Operations Center (NOC) to remotely manage and reduce electricity consumption across a network of commercial, institutional and industrial customer sites to enable a more information-based and responsive, or intelligent, electric power grid. The Company?s customers are electric power grid operators and utilities, as well as commercial, institutional and industrial end users of electricity. As of December 31, 2008, the Company managed approximately 2,050 megawatts of technology-enabled demand response capacity from approximately 1,650 different commercial, institutional and industrial customers in the demand response network across approximately 4,000 customer sites. In May 5, 2008, the Company acquired South River Consulting, LLC (SRC), an energy procurement and risk management services provider. In June 2009, the Company acquired eQuilibrium Solutions, Inc.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.

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