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.
EnerNOC downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded EnerNOC to Neutral citing risk to the company's Demand Response revenue at PJM given the challenge to FERC Rule 745. The firm lowered its price target for shares to $22 from $24.50. JPMorgan notes, however, that it would view EnerNOC shares as "significantly" undervalued should the FERC Rule 745 be upheld or replaced by a capacity market overseen by the regional states.