Jefferies raised the firm’s price target on Ameresco (AMRC) to $19 from $11 and keeps a Hold rating on the shares. With the “One Big Beautiful Bill Act” resolved, the firm still finds it “tough to find conviction on the renewable names,” but sees finality on the President’s Executive Order as “a clearing event” into August 21. The firm expects expect management teams to provide commentary on safe harboring, the “intensity of it (or the lack thereof), and how that translates to backlog adds,” the analyst added in a preview for the clean energy group.
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