EnerNOC (ENOC) is Downgraded by Credit Suisse to Neutral

EnerNOC (ENOC) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Aug 2, 2016.

On the company’s financial health, EnerNOC reported $-1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-1.39. The company had revenue of $53.38 million for the quarter, compared to analysts expectations of $49.23 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.41 EPS.

EnerNOC opened for trading at $7.39 and hit $7.57 on the upside on Friday, eventually ending the session at $7.48, with a gain of 1.77% or 0.13 points. The heightened volatility saw the trading volume jump to 2,41,400 shares. Company has a market cap of $229 M.

In a different news, on Mar 21, 2016, Timothy G Healy (CEO) purchased 8,170 shares at $7.36 per share price. According to the SEC, on Mar 2, 2016, David B Brewster (President) purchased 35,500 shares at $6.15 per share price. On Nov 13, 2015, Arthur W Jr Coviello (director) purchased 25,000 shares at $4.48 per share price, according to the Form-4 filing with the securities and exchange commission.

EnerNOC Inc. is a provider of cloud-based energy intelligence software (EIS) and services to enterprise customers and utilities globally. The Company’s EIS solutions for enterprise customers improve energy productivity by optimizing how they buy how much they use and when they use energy. Its EIS is a decision support system for the enterprise featuring: budgeting and procurement including an online auction platform and utility bill management; facility optimization; visibility and reporting including capabilities for GRESB ENERGY STAR and other reporting standards; project tracking; demand management; and demand response. The Company offers its EIS and related solutions to enterprise customers at four subscription levels: basic standard professional and industrial.


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