B. Riley analyst Ryan Pfingst raised the firm’s price target on Ameresco (AMRC) to $45 from $32 and keeps a Buy rating on the shares. The firm continues to believe Ameresco will be a key beneficiary of increasing power demand with its “diversified, technology-agnostic offering.” The company is well positioned to participate in the federal government’s efforts to site data centers and power generation infrastructure on federal land, the analyst tells investors in a research note.
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