EnerNOC 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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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."