Stifel lowered the firm’s price target on Ameresco (AMRC) to $17 from $18 and keeps a Buy rating on the shares. Shares have risen 14.9% since the company reported Q1 results after the close May 5, notes the analyst, who says “strong execution” fueled Q1 adjusted EBITDA above the firm’s forecast and notes that the company reaffirmed full-year 2025 guidance and mitigated concerns around announced contract pauses and a cancellation that have since been re-scoped.
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