Ameresco price target lowered to $31 from $35 at Roth MKM

Roth MKM analyst Craig Irwin lowered the firm’s price target on Ameresco (AMRC) to $31 from $35 and keeps a Buy rating on the shares. The company posted mixed Q4 results and issued weak guidance amid government downsizing as 20% of its 2024 revenue was federal contracts, the analyst tells investors in a research note. Roth adds however that it is maintaining its Buy rating for potential rapid clearing of items driving uncertainty.