Roth Capital keeps a Buy rating on Ameresco (AMRC) with a $45 price target after hosting meetings with management. The firm left “bullish,” saying macro trends create a “long tailwind” for Ameresco to accelerate profitability. Increasing utility rates improve the returns for the company’s projects, the analyst tells investors in a research note. Roth views the stock as undervalued and “mis-priced” at current levels.
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Read More on AMRC:
- Ameresco price target raised to $40 from $23 at UBS
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- Ameresco management to meet with Roth Capital
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