Ameresco price target lowered to $13 from $23 at Jefferies

Jefferies lowered the firm’s price target on Ameresco (AMRC) to $13 from $23 and keeps a Hold rating on the shares following a “cautious” Q4 that saw the company discuss government contracts canceled or delayed only a few months into the new administration and give FY25 guidance that was “well below expectations.” The firm lowered its adjusted EBITDA estimates by 15%-20% for FY25-FY28 and sees “a tough set up” with concerns not fully addressed during the Q4 call, the analyst tells investors.