Ameresco price target lowered to $27 from $36 at Canaccord

Canaccord analyst George Gianarikas lowered the firm’s price target on Ameresco (AMRC) to $27 from $36 and keeps a Buy rating on the shares. The firm said management’s fresh 2025 guidance will not materially impact previous revenue estimates. However, the uncertainty from DOGE, and a contract cancellation from the GSA, did dominate the conversation on the earnings call.