Ameresco Inc. (AMRC) shares plummeted 10.27% on Tuesday during the trading session following a double downgrade by UBS. The investment bank lowered its rating on the energy solutions provider from "Buy" to "Sell" and slashed its price target to $8 from $37 previously.
UBS analyst William Grippin cited concerns over Ameresco's ability to meet its 2025 guidance as the primary reason for the downgrade. The firm sees potential headwinds that could impact the company's financial performance and create downside risks to its outlook.
The steep sell-off in Ameresco's stock reflects growing skepticism among analysts regarding the company's near-term growth prospects. Investors reacted swiftly to the negative rating change, leading to the significant intraday decline.
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