EnerNOC price target raised to $21 from $19 at RW Baird Baird raised its price target on EnerNOC following Q4 results. The firm cited raised guidance, potential growth driver from a cloud-based offering for utilities, and current valuation. Shares are Outperform rated.
News For ENOC From The Last 14 Days
Check below for free stories on ENOC the last two weeks.
EnerNOC signs contract with BKW EnerNOC announced that it has entered into an EnerNOC Demand Manager contract with BKW Energy through 2019. BKW will deploy EnerNOC's software and services to deliver demand response to BKW's customers throughout Switzerland.
EnerNOC announces $50M stock buyback program EnerNOC announced that its board has authorized the repurchase of up to $50M of the company's common stock over the next twelve months. The company expects to use approximately $30M of the net proceeds of its recently announced convertible senior notes offering to repurchase shares of its common stock from purchasers of the notes in privately negotiated transactions effected through Morgan Stanley & Co. LLC, one of the initial purchasers in the notes offering, as the company's agent concurrently with the closing of the offering of the notes. The company expects the purchase price per share of its common stock repurchased in these transactions to equal the closing price per share of the company's common stock on the date of the pricing of the offering. Additional purchases of common stock will be executed periodically on the open market as market and business conditions warrant.