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Investing.com - Stifel raised its price target on Ameresco (NYSE:AMRC) to $37.00 from $31.00 on Friday, while maintaining a Buy rating on the clean energy solutions provider. The new target aligns closely with InvestingPro’s Fair Value assessment, suggesting the stock is currently undervalued at its current price of $31.52.
The price target increase follows Ameresco’s third-quarter 2025 results, which showed EBITDA performance exceeding analyst expectations by 7.8%. Despite this positive performance, InvestingPro data shows the stock has taken a significant 10.63% hit over the past week.
Ameresco has reiterated its full-year 2025 guidance, with adjusted EBITDA projected between $225-245 million, representing a 4.3% year-over-year increase at the $235 million midpoint.
The company’s management team has outlined long-term growth targets of approximately 10% for revenue and 20% for adjusted EBITDA over the next few years.
These growth projections are supported by Ameresco’s robust backlog and strong performance in its Energy Asset business segment, according to Stifel’s analysis.
In other recent news, Ameresco Inc . reported its third-quarter 2025 financial results, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.35, surpassing the projected $0.24, and reported revenue of $526 million, which was higher than the anticipated $518.4 million. Despite concerns about a potential government shutdown, Ameresco reaffirmed its full-year guidance. Jefferies responded by raising its price target for Ameresco stock to $45, maintaining a Buy rating, citing the company’s revenue and EBITDA performance. Similarly, Canaccord Genuity increased its price target to $44, also keeping a Buy rating, attributing the decision to rising electricity demand and favorable conditions for Ameresco’s solutions. These developments highlight the company’s strong financial performance and positive outlook from analysts.
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