Ameresco (NYSE:AMRC) Shares Gap Down – What’s Next?

Ameresco, Inc. (NYSE:AMRC)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $28.50, but opened at $26.65. Ameresco shares last traded at $25.9770, with a volume of 97,059 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMRC. UBS Group raised their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $42.89.

Ameresco Stock Performance

The business has a 50-day moving average price of $25.44 and a 200 day moving average price of $27.89. The stock has a market capitalization of $1.35 billion, a P/E ratio of 48.98, a PEG ratio of 1.87 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts forecast that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $36.12, for a total transaction of $180,600.00. Following the sale, the director owned 25,232 shares in the company, valued at $911,379.84. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian C. Cox acquired 39,700 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $25.07 per share, with a total value of $995,279.00. Following the completion of the acquisition, the director owned 39,700 shares in the company, valued at $995,279. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 45,700 shares of company stock worth $1,150,299. Corporate insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after acquiring an additional 2,981,689 shares during the period. First Trust Advisors LP lifted its holdings in Ameresco by 503.4% during the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares in the last quarter. Swedbank AB boosted its position in shares of Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after purchasing an additional 275,000 shares during the period. Invesco Ltd. increased its stake in shares of Ameresco by 54.7% in the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after purchasing an additional 203,374 shares in the last quarter. Finally, Redwood Grove Capital LLC raised its position in shares of Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after purchasing an additional 179,943 shares during the period. Institutional investors 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.