Ameresco initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Ameresco (AMRC) with an Overweight rating and $41 price target The Engineering & Construction sector is entering a multi-year investment cycle fueled by grid modernization, electrification, energy transition initiatives, and rising power demand from data centers and reshoring, while increasing utility capex is driving record backlogs, offering strong near-term revenue visibility and a durable long-term project pipeline, the analyst tells investors in a research note. Ameresco is a unique, clean-energy infrastructure platform that combines EPC execution with the long-term ownership and operation of energy and resilience assets, the firm says.