EnerNOC expands contract with Tucson Electric Power through 2020 EnerNOC announced that Tucson Electric Power, or TEP, has extended and expanded its EnerNOC Demand Resource contract with EnerNOC for up to 45 megawatts of demand response capacity through 2020. TEP provides power to approximately 413,000 customers in the Tucson metropolitan area and is the largest corporation headquartered in southern Arizona.
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.