UBS raised the firm’s price target on Ameresco (AMRC) to $40 from $23 and keeps a Neutral rating on the shares. Ameresco’s $5.1B backlog and the Lemoore data center project highlight strong demand for clean-energy generation to support rising AI-driven electricity needs, the analyst tells investors in a research note. With capabilities across solar, storage, and nuclear, the company stands to benefit from substantial long-term growth opportunities, UBS says.
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