Ameresco price target raised to $40 from $35 at Raymond James

Raymond James analyst Pavel Molchanov raised the firm’s price target on Ameresco to $40 from $35 and keeps an Outperform rating on the shares. Ameresco is one of the few public companies with a high degree of leverage to improving the efficiency of buildings, and the company is expanding the in-house portfolio of renewable energy assets — solar and RNG — that generate recurring revenue with above-average margins, albeit with sensitivity to both federal and state policy incentives, the analyst tells investors in a research note.