Canaccord analyst Chip Moore noted that Amerseco had a strong finish to the year and its visibility remains strong. The analyst raised his FY18 revenue and EPS forecasts to $766M and 56c, from $730M and 52c, respectively and said he would "get more aggressive here" with Amerseco shares. Moore increased his price target on the stock to $11.50 from $10 and keeps a Buy rating on the stock.

Ameresco announced they have been awarded an Energy Savings Performance Contract ESPC from Columbia County, Oregon. The collaboration aims to make the historic John Gumm building more energy efficient, and it is also part of a larger multi-phase effort to enhance the functionality and capacity of county facilities...Under the ESPC, Ameresco will implement modernization retrofits and expansions and energy efficiency solutions, including upgrading the building's boilers, the building envelope, controls, HVAC and ventilation, interior lighting, and other infrastructure needs..."This multi-phase project demonstrates the county's commitment to enhancing functionality and capacity through strategic upgrades," said Margaret Magruder, Columbia County Commissioner. "John Gumm's comprehensive transformation ensures that the county is equipped to meet future demands and uphold our promise of exceptional service to the community."