Jefferies upgraded Ameresco (NYSE: AMRC) from Hold to Buy with a price target of $39.00, up from $19.00, sending shares more than 3% higher in pre-market trading Thursday. The firm said execution risks and uncertainty around the Inflation Reduction Act had largely eased and that a rebound in EBITDA growth appeared likely. Jefferies highlighted momentum from new data center announcements and a recovery in the Projects business as key drivers. Analysts added that after a difficult 2024–2025, Ameresco appeared ...