B. Riley analyst Ryan Pfingst raised the firm’s price target on Ameresco (AMRC) to $32 from $22 and keeps a Buy rating on the shares after the company announced plans to develop a 100 MW artificial intelligence optimized data center and critical energy infrastructure at Naval Air Station Lemoore. The firm believes the project reflects Ameresco’s “strong position” in the federal government’s efforts to site data centers and power generation infrastructure on federal land.
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