Fly News Breaks for March 3, 2020
Mar 3, 2020 | 08:51 EDT
Canaccord analyst Jed Dorsheimer raised the firm's price target on Ameresco to $28 from $9.50 and keeps a Buy rating on the shares. The analyst noted it reported strong results and solid guidance and he continues to see the company well positioned in the market it serves. He said its backlog is an indication that its business prospects and visibility seem bright.
News For AMRC From the Last 2 Days
Oct 27, 2020 | 07:55 EDT
B. Riley Securities analyst Christopher Souther raised the firm's price target on Ameresco to $48 from $33 and keeps a Buy rating on the shares. Performance of the sustainable energy and tech sector has been strong in recent weeks as sentiment for the group has risen with expectations of Biden winning the Presidential election and a potential Democrat sweep giving a boost to green infrastructure, Souther tells investors in a research note. The analyst, who raised targets for most of his coverage, says the election is likely to continue to drive shares more than the near-term fundamentals reported in the upcoming earnings season.