EnerNOC's (NASDAQ:ENOC) Spending Could Pressure Earnings

With the probability of increased spending by EnerNOC (NASDAQ:ENOC), Wedbush has revised their EPS estimates and PT on the company.

They said, "Potential for continued 2011 spending growth leaves downside risk to our new estimates, as costs to add new megawatts may likely rise."

Wedbush lowered their EPS estimate for full year 2011 by $0.10.

Wedbush maintains their "Underperform" rating EnerNOC, which closed Friday at $24.85, down $1.74, or 6.54 percent. They lowered their price target on them from $19 to $15.