EnerNOC announces investment in WeSpire EnerNOC announced that it has made a strategic investment in Boston-based WeSpire, a software-as-a-service company for businesses seeking an innovative approach to measure and track the positive business impact of engaging employees in sustainability through technology. Under the terms of the agreement, EnerNOC has exclusive rights in the EIS space to market a white-labeled version of WeSpire's employee engagement application, customized for enterprise and utility customers. By offering the WeSpire application, EnerNOC further enhances its ability to help businesses take a holistic approach to energy management.
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.