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Investing.com - UBS raised its price target on Ameresco (NYSE:AMRC) to $40.00 from $23.00 while maintaining a Neutral rating on the stock. Ameresco currently trades at $35.07, with a market capitalization of $1.85 billion.
The investment bank cited Ameresco’s $5.1 billion backlog and the Lemoore data center project as evidence of growing demand for clean energy generating projects to power AI data centers. The company has seen impressive momentum, with a 128.77% price return over the past six months, though it operates with a significant debt-to-equity ratio of 2.33.
On September 9, 2025, Ameresco announced a deal with the U.S. Navy and CyrusOne to develop a 100MW AI data center and energy infrastructure project. During its third-quarter results, the company indicated the total opportunity for the Lemoore project could reach as high as 350MW.
UBS noted that Ameresco is well-positioned in the market due to its ability to develop various clean energy projects, including solar, storage, and nuclear solutions.
The firm also highlighted Ameresco’s framework agreement with Terra Innovatum to potentially develop new nuclear projects as a significant long-term upside opportunity.
In other recent news, Ameresco Inc . reported its financial results for the third quarter of 2025, surpassing analysts’ expectations with an earnings per share (EPS) of $0.35, compared to the forecasted $0.24. The company also exceeded revenue projections, reporting $526 million against an anticipated $518.4 million. This strong performance comes amidst Ameresco’s ongoing solar photovoltaic installation project across seven schools in the Orange Unified School District, which is expected to generate $6.3 million in savings over 25 years.
In response to these developments, several analyst firms have adjusted their price targets for Ameresco. Stifel raised its price target to $37, citing strong EBITDA results that exceeded expectations by 7.8%. Jefferies increased its target to $45, noting revenue and EBITDA growth, while Canaccord Genuity set a target of $44, highlighting favorable conditions due to rising electricity demand. These updates reflect a consistent Buy rating across the board, indicating positive sentiment from analysts regarding Ameresco’s recent performance and future prospects.
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