Wedbush Starts Ameresco (AMRC) at Outperform; Energy Performance Contracting Leader
Tweet
Share
E-mailGet Alerts AMRC Hot Sheet
Price: $27.90 +0.40%
Rating Summary:
15 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Wedbush initiates coverage on Ameresco (NYSE: AMRC) with a Outperform. PT $17.00.
Wedbush analyst says, "We believe Ameresco is well positioned for growth in its Energy Performance Contracts which are typically structured as budget-neutral projects, followed by a long-term O&M services agreement. Resolution of recompete language for Federal contracts improves visibility and should support reacceleration in this core market, as moneysaving energy efficiency projects financed by outside institutions present an attractive proposition to government agencies (87% of 2010 rev), in our view. We see weakness in the stock on confusion about Federal budget appropriations risk as a buying opportunity, as Ameresco’s ESPC contracts have no appropriations risk because they are financed almost entirely by third party investors."
For more ratings news on Ameresco click here and for the rating history of Ameresco click here.
Shares of Ameresco closed at $10.13 yesterday.
Wedbush analyst says, "We believe Ameresco is well positioned for growth in its Energy Performance Contracts which are typically structured as budget-neutral projects, followed by a long-term O&M services agreement. Resolution of recompete language for Federal contracts improves visibility and should support reacceleration in this core market, as moneysaving energy efficiency projects financed by outside institutions present an attractive proposition to government agencies (87% of 2010 rev), in our view. We see weakness in the stock on confusion about Federal budget appropriations risk as a buying opportunity, as Ameresco’s ESPC contracts have no appropriations risk because they are financed almost entirely by third party investors."
For more ratings news on Ameresco click here and for the rating history of Ameresco click here.
Shares of Ameresco closed at $10.13 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Media Advisory: Neogenyx Fuels and Adams Land & Cattle to Break Ground on Agricultural Renewable Natural Gas Facility in Central Nebraska
- Leerink Starts Ligand Pharma (LGND) at Outperform
- Evercore ISI Starts Alvotech SA (ALVO) at Outperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
