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Ameresco Shares Gain 3% After Jefferies Upgrade To Buy
Jefferies upgraded Ameresco (NYSE: AMRC) from Hold to Buy with a price target of $39.00, up from $19.00, sending shares more than 3% higher in pre-market trading Thursday.
The firm said execution risks and uncertainty around the Inflation Reduction Act had largely eased and that a rebound in EBITDA growth appeared likely. Jefferies highlighted momentum from new data center announcements and a recovery in the Projects business as key drivers.
Analysts added that after a difficult 2024–2025, Ameresco appeared to be entering a “growth era” that warranted recognition, despite the stock already recovering from April’s lows.
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