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Stock Market & Financial Investment News

News Breaks
April 14, 2014
07:03 EDTENOCEnerNOC to acquire EnTech
EnerNOC announced that it has entered into an agreement to acquire EnTech. EnTech's software is currently deployed in over 100 countries, including many of the world's fastest growing economies, such as China, India, and Brazil. EnTech generates approximately $10M in revenue annually and has offices in eight countries. It is headquartered in the United Kingdom and operates a software development center in Mumbai, India with approximately 100 employees at that location. The transaction is expected to close in April.
News For ENOC From The Last 14 Days
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October 24, 2014
09:41 EDTENOCNorges Bank reports 5.07% passive stake in EnerNOC
October 23, 2014
07:43 EDTENOCEnerNOC price target lowered to $24.50 from $30 at Canaccord
Canaccord lowered its price target on EnerNOC to $24.50 from $30 ahead of Q3 earnings. The firm sees regulatory concerns continuing to impact investor sentiment and believes M&A must be deployed near term to broaden the company's Energy Intelligence Software strategy. Canaccord maintains its Buy rating on EnerNOC shares.
October 14, 2014
13:04 EDTENOCEnerNOC weakness a buying opportunity, says Raymond James
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10:01 EDTENOCOn The Fly: Analyst Downgrade Summary
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07:04 EDTENOCEnerNOC 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.
05:41 EDTENOCEnerNOC downgraded to Neutral from Overweight at JPMorgan
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