Canaccord Genuity Maintains a 'Buy' on Ameresco (AMRC); Energy Services Picking Up

Canaccord Genuity maintains a 'Buy' on Ameresco (NYSE: AMRC) price target of $17.00.

Analyst, John Gerdes, said, "We maintain our rating as Ameresco appears well positioned within the $5B energy services market to deliver on its long-term top- and bottom-line growth objective of 15-20% per year...Our 2012 estimates adjust to $800.0M/$0.90 from $772.5M/$0.84. 2013E moves to $897.5M/$1.08 from $870.0M/$1.07."

For an analyst ratings summary and ratings history on Ameresco click here. For more ratings news on Ameresco click here.

Shares of Ameresco closed at $14.09 yesterday.

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