EnerNOC (ENOC +2.9%) shares jumped after rival Comverge (COMV -5.3%) cut a $49M deal to go...

|By:, SA News Editor

EnerNOC (ENOC +2.9%) shares jumped after rival Comverge (COMV -5.3%) cut a $49M deal to go private and gather much-needed capital, but Wedbush cautions against any deal excitement, warning the buyout suggests ENOC would command just $2.98/share. ENOC has its own credit issues, the firm adds, attributing share gains to short covering on a sale it sees as "pretty unlikely."