EnerNOC remains a Best Idea, says Canaccord Canaccord said EnerNOC remains a Best Idea following Q1 results. The firm cited its solid start to the year due to the upgrade of the EIS software platform, continued international expansion, and bolstering its portfolio through M&A. Shares are Buy rated with a $30 price target.
EnerNOC 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.