Stifel raised the firm’s price target on Ameresco (AMRC) to $34 from $32 and keeps a Buy rating on the shares. Shares slid 16% Friday after a Q3 revenue beat was in line and adjusted EBITDA missed, notes the firm, which attributes the weakness to the “Trump Trade” while noting that Ameresco’s business was very strong under the first Trump Administration. The firm, which is “slightly bumping” its 2025 forecast, argues that the weakness creates an “attractive entry point.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMRC:
- Ameresco, Inc. Reports Strong Q3 2024 Earnings
- Ameresco sees FY24 non-GAAP EPS $1.15-$1.35, consensus $1.14
- Ameresco reports Q3 non-GAAP EPS 32c, consensus 47c
- AMRC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Ameresco awarded $2.9M for collaboration with the RUSA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
