Ameresco (NYSE:AMRC) Stock Price Up 11.5% – Time to Buy?
by Jessica Moore · The Cerbat GemAmeresco, Inc. (NYSE:AMRC – Get Free Report)’s share price rose 11.5% during trading on Tuesday . The stock traded as high as $36.30 and last traded at $35.43. Approximately 306,073 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 538,863 shares. The stock had previously closed at $31.77.
Wall Street Analysts Forecast Growth
AMRC has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Cantor Fitzgerald increased their price target on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Guggenheim initiated coverage on Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating for the company. Robert W. Baird decreased their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Finally, UBS Group decreased their price target on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.56.
View Our Latest Analysis on Ameresco
Ameresco Stock Up 1.4%
The firm has a 50 day moving average of $28.06 and a 200 day moving average of $30.12. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 2.93 and a beta of 2.55. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64.
Ameresco (NYSE:AMRC – Get Free Report) last released its earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The business had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same period in the prior year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, sell-side analysts predict that Ameresco, Inc. will post 1.1 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director owned 25,232 shares of the company’s stock, valued at $764,277.28. This trade represents a 28.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the sale, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This represents a 8.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,730 shares of company stock valued at $681,213 over the last 90 days. Company insiders own 44.96% of the company’s stock.
Institutional Investors Weigh In On Ameresco
Hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in Ameresco in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco in the fourth quarter valued at approximately $48,000. Fifth Third Bancorp acquired a new stake in Ameresco in the first quarter valued at approximately $44,000. Summit Securities Group LLC acquired a new stake in Ameresco in the fourth quarter valued at approximately $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Ameresco in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 99.24% of the company’s stock.
About Ameresco
Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.
Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.