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Oppenheimer maintains EnerNOC Inc.'s Perform Rating

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Oppenheimer published its quarterly update on EnerNOC, Inc. today and maintained its Perform rating.

EnerNOC's 3Q10 EPS of $1.67 and net income of $43.9MM were higher that Oppenheimer's estimates of $1.58 and $41.4MM. EnerNOC also reported operating expenses of $25.9MM which were lower than the estimate of $28.1MM.

Although 3Q10 numbers were better than expected, EnerNOC updated its 4Q10 and FY10 guidance which were below Oppenheimer's estimates. Oppenheimer has lowered their 2011 estimate from $0.91 to $0.79.

EnerNOC is currently trading at $24.62.

 

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Posted-In: EnerNoc Inc. OppenheimerAnalyst Color Analyst Ratings

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