Jan. 23 at 10:46 AM
$AMRC
New coverage of Ameresco: price target
$41 USD ↗️↗️
Cantor Fitzgerald (analist Manish Somaiya) today starts coverage on
$AMRC (Ameresco) with an Overweight rating and a
$41 price target, implying ~25% upside from current levels.
They describe Ameresco as a “unique, clean-energy infrastructure platform” rather than a typical EPC contractor. A big part of the story is recurring revenue: around two-thirds of EBITDA comes from owned energy assets and long-term O&M contracts, which they say provides “better visibility and more stable cash flow.”
Cantor also points to Ameresco’s growing portfolio of operating assets and projects in development, which should support steady, long-term earnings growth. The company’s use of contracted cash flows and non-recourse project financing helps limit balance-sheet risk.
Overall, Cantor sees Ameresco as a differentiated clean-energy name with more stability than most peers.
Source: https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-initiates-ameresco-stock-with-overweight-rating-93CH-4462106)
