Conaccord Genuity analyst John Quealy published a report on Ameresco AMRC that lowered it's price target from $12 to $10.50 and maintained a Buy rating due to heavy exposure to Federal customers.
In the report Canaccord said, "Market disruption looks to persist in the mid-term (sequester impact),
while longer-term trends stay firmly positive (growing backlog, record pipeline). 2013 revenue/net income guidance is set conservatively at $620-670M/$18-22M, factoring continued backlog conversion delays
(with improvement starting later in '13)."
Ameresco closed Monday at $7.55
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