Ameresco (NYSE:AMRC) Upgraded at Zacks Research

Ameresco (NYSE:AMRC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on AMRC. UBS Group boosted their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $40.00 in a report on Tuesday. Weiss Ratings downgraded Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Canaccord Genuity Group raised their price objective on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Guggenheim started coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $43.33.

Ameresco Stock Down 8.0%

AMRC stock opened at $25.69 on Tuesday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 49.41, a price-to-earnings-growth ratio of 2.04 and a beta of 2.62. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $26.49 and a 200-day moving average price of $28.31. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.97%. The company had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same period in the prior year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts anticipate that Ameresco will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other news, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction 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 approximately $764,277.28. The trade was a 28.38% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,355 shares of company stock worth $852,270. Insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently added to or reduced their stakes in the company. Northside Capital Management LLC bought a new stake in Ameresco in the 2nd quarter worth $207,000. Handelsbanken Fonder AB lifted its stake in Ameresco by 5.3% in the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after acquiring an additional 42,826 shares during the period. Optiver Holding B.V. boosted its holdings in Ameresco by 550.8% in the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 2,005 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Ameresco during the 1st quarter valued at $3,089,000. Finally, Bank of America Corp DE raised its holdings in Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 49,279 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

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.