EnerNOC a favorite for 2014 at Canaccord Canaccord expects EnerNOC to be a strong 2014 performer as its Energy Intelligence Software strategy gains traction. The firm expects shares to be revalued as earnings ramp and reiterates its Buy rating and $30 price target.
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.