NCI Building Systems (NYSE:NCS) Good Play in Energy Efficiency Sector

After an in-depth restructuring of its operations and recapitalizing, Canaccord believes NCI Building Systems (NYSE:NCS) could be a good play in the nonresidential construction market with a focus on energy efficiency.

Canaccord says, "Following a comprehensive recapitalization and aggressive restructuring of its operations, NCI is well-positioned to capitalize on a recovery in the nonresidential construction market. From our perspective, NCI represents an interesting play on the steady shift toward green building practices given the firm’s various products that improve energy efficiency, such as “cool” metal roofs, retrofit roofing and insulated metal panels."

Canaccord Genuity maintains a "Buy" rating on NCI Building Systems (NCS), which closed Tuesday at $12.76, down $0.12, or 0.93 percent. Canaccord has a price target of $17 on NCI.