Ameresco (NYSE:AMRC) Upgraded at Zacks Research

Ameresco (NYSE:AMRC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald raised their target price on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. UBS Group cut their target price on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Guggenheim initiated coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. Stifel Nicolaus reissued a “buy” rating and set a $38.00 target price (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.56.

Ameresco Price Performance

NYSE:AMRC opened at $32.74 on Wednesday. Ameresco has a one year low of $14.08 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market cap of $1.73 billion, a PE ratio of 56.45, a P/E/G ratio of 2.75 and a beta of 2.58. The stock has a 50 day moving average price of $28.99 and a 200 day moving average price of $30.16.

Ameresco (NYSE:AMRC) last posted its quarterly 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 net margin of 1.59% and a return on equity of 3.33%. The company had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. During the same period in the prior year, the business posted ($0.11) EPS. Ameresco’s revenue for the quarter was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities research analysts expect that Ameresco will post 1.1 EPS for the current fiscal year.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at approximately $911,379.84. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 26,730 shares of company stock valued at $861,813. 45.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Ameresco in the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the fourth quarter valued at $48,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco in the first quarter valued at $44,000. Summit Securities Group LLC acquired a new stake in shares of Ameresco in the fourth quarter valued at $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco in the third quarter valued at $76,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Company Profile

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.