Ameresco Shares Gain 3% After Jefferies Upgrade To Buy

Core Viewpoint - Jefferies upgraded Ameresco from Hold to Buy with a new price target of $39.00, reflecting a significant increase from the previous target of $19.00, which positively impacted shares in pre-market trading [1] Group 1: Company Performance - Execution risks and uncertainties surrounding the Inflation Reduction Act have largely diminished, indicating a more stable operational environment for Ameresco [1] - A rebound in EBITDA growth is anticipated, driven by new data center announcements and a recovery in the Projects business [1] Group 2: Future Outlook - Analysts suggest that Ameresco is entering a "growth era" following a challenging period in 2024-2025, which merits recognition despite the stock's recovery from its lows in April [2]