EnerNOC signs demand response contract expansion in Northern California EnerNOC (ENOC) announced that it has expanded its demand response presence in Northern California, securing the opportunity to grow its megawatts in the region by over 50% through 2015. EnerNOC won the additional megawatts through a competitive bidding process; EnerNOC's share comprised nearly 45% of the total megawatts awarded. This program is administered by Pacific Gas & Electric (PCG) and funded by California utility customers under the auspices of the California Public Utilities Commission. The contract has received public utility commission approval.
News For ENOC;PCG From The Last 14 Days
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EnerNOC upgraded to Strong Buy with $28 target at Needham Needham upgraded EnerNOC earlier today to Strong Buy from Buy with a $28 price target, saying the current valuation represents a "notable disconnect" from the company's fundamentals. The firm says the shares are "just too cheap."