EchoStar stock soars after SpaceX valuation set to double
Investing.com - Jefferies raised its price target on Ameresco (NYSE:AMRC) stock to $45.00 from $39.00 on Tuesday, while maintaining a Buy rating on the energy solutions company. The new target represents modest upside from the current price of $40, though InvestingPro data shows analyst targets range widely from $23 to $58, reflecting market uncertainty about the stock’s valuation.
The price target increase follows Ameresco’s revenue and EBITDA beat in its latest earnings report, where the company reiterated its full-year guidance despite uncertainty surrounding a potential government shutdown. The company posted LTM EBITDA of $194.7 million, though InvestingPro analysis indicates Ameresco operates with weak gross profit margins of 14.5% and carries a significant debt burden.
Jefferies noted management’s comments regarding the CyrusOne project, where Ameresco would own at most 10% of the project and potentially follow a similar strategy for other projects as well.
The research firm has shifted some of its growth expectations in Energy Assets to Projects long-term, but still views the robust data center pipeline as a significant growth driver for the company.
Jefferies believes this data center business could potentially drive near-term performance above management’s targets, supporting the higher price target.
In other recent news, Ameresco Inc. reported its financial results for the third quarter of 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.35, surpassing the forecasted $0.24, representing a 45.83% surprise. Additionally, Ameresco’s revenue outperformed projections, reaching $526 million compared to the anticipated $518.4 million. In related developments, Canaccord Genuity has raised its price target for Ameresco to $44 from $36, maintaining a Buy rating. The firm highlighted the rising electricity demand and reduced grid stability as favorable conditions for Ameresco’s energy solutions. These recent developments underscore significant interest from analysts and investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.