Ameresco price target raised to $62 from $54 at Baird

Baird analyst Ben Kallo raised the firm’s price target on Ameresco to $62 from $54 and keeps an Outperform rating on the shares. The firm said its Q2 results were mixed versus our/consensus estimates with a top-line beat and bottom line miss and Q3 guidance implies a heavy Q4 which will be impacted by the rate at which projects are converted from awarded to contracted, as well as the commissioning of two RNG facilities entering service in 2H.