Ameresco (NYSE:AMRC) Upgraded to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC – Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.

AMRC has been the topic of several other research reports. Cantor Fitzgerald reduced their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Robert W. Baird reiterated a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Finally, Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.89.

Check Out Our Latest Report on AMRC

Ameresco Stock Performance

NYSE AMRC opened at $21.54 on Friday. The stock has a market capitalization of $1.14 billion, a PE ratio of 41.42, a P/E/G ratio of 1.60 and a beta of 2.63. The business has a 50 day simple moving average of $23.39 and a two-hundred day simple moving average of $26.30. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco has a 1-year low of $18.38 and a 1-year high of $44.93.

Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts predict that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Sutton purchased 9,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the acquisition, the director owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. This represents a 13.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Sakellaris purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of $20.91 per share, with a total value of $104,550.00. Following the completion of the transaction, the chief executive officer owned 1,000,597 shares of the company’s stock, valued at $20,922,483.27. The trade was a 0.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 75,025 shares of company stock worth $1,778,963. 45.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently made changes to their positions in AMRC. Fifth Third Bancorp purchased a new position in shares of Ameresco during the 1st quarter worth about $44,000. Caitong International Asset Management Co. Ltd bought a new position in Ameresco during the 4th quarter valued at about $48,000. Optiver Holding B.V. raised its position in Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 2,005 shares during the period. Northside Capital Management LLC purchased a new stake in Ameresco in the 2nd quarter worth about $207,000. Finally, Entropy Technologies LP bought a new stake in Ameresco in the first quarter worth about $216,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

(Get Free Report)

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.

Featured Articles