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Business

Akanksha Bakshi

Piper Sandler Cuts Ameresco Price Target By 20%

Ameresco Piper Sandler NYSE Ukraine

Ameresco Inc (NYSE:AMRC) price target was lowered to $64 (a downside of 7%) from $80 by Piper Sandler analyst Kashy Harrison.
The analyst maintained the Neutral rating on Ameresco shares.
Harrison noted that European demand for non-Russian energy supply will "skyrocket."
He thinks that the Ukraine crisis boosts demand for renewables/alternatives and is positive for the group.
Price Action: AMRC shares are trading lower by 8.47% at $69.02 on the last check Monday.

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