Shares of Ameresco (AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy solutions, surged by 6.99% on November 11th, driven by positive analyst sentiment and raised price targets from prominent research firms.
On November 7th, Robert W. Baird analyst Ben Kallo reiterated a Buy rating on Ameresco and set an optimistic price target of $42.00. Despite mixed third-quarter results, Kallo expressed confidence in the company's growth potential and asset expansion, justifying the Buy rating.
Additionally, Stifel raised its price target on Ameresco to $34 from $32, maintaining a Buy rating. Stifel viewed the recent weakness in the stock as an attractive entry point for investors, further fueling the surge in share price.
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