AMRC Canaccord analyst George Gianarikas raised the firm's price target on Ameresco to $62 from $59 and keeps a Buy rating on the shares. Th

AMRC Canaccord analyst George Gianarikas raised the firm's price target on Ameresco to $62 from $59 and keeps a Buy rating on the shares. The firm updated its model following Q2 results. Ameresco advanced 3 new behind-the-meter projects, bringing its awarded data center backlog to 5. Yet this figure reflects only a fraction of their ultimate value; management expects backlog to increase as these developments hit additional milestones.