Sep. 25 at 2:47 PM
The Jefferies note on
$AMRC is hugely supportive. Just read this quote from the intro:
📣 "The stock has already recovered since the lows of April [...] but we see potential for upside still. [...] We think this is just the beginning of Ameresco's growth era after a challenging 2024/2025 - it's time to give credit where it's due."
and further down:
🚀 "Considering management commentary implying this is only the beginning, we think there's more data center upside to unlock here."
With Jefferies expecting a growing EBITDA from
$231 mln (FY2025), $ 271 mln (FY2026) to
$338 mln (FY2027), Ameresco gets a
$39 price target.
Finally, if "the Energy Assets portfolio continues to outperform current guidance (>120 MW) and additional data center deals are announced", then a
$46 USD (+46% upside) is justified for Ameresco ("the upside scenario").
Thanks to @longsands8 for sharing the note
