Zacks Research Downgrades Ameresco (NYSE:AMRC) to Hold

Ameresco (NYSE:AMRC) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

AMRC has been the topic of several other reports. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Guggenheim started coverage on Ameresco in a report on Friday, May 22nd. They set a “neutral” rating on the stock. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $41.89.

Ameresco Trading Up 4.4%

Shares of Ameresco stock opened at $22.77 on Wednesday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 1.63 and a beta of 2.63. Ameresco has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a 50 day moving average of $24.14 and a 200 day moving average of $27.16.

Ameresco (NYSE:AMRC) last posted its 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 return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue 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, research analysts predict that Ameresco will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In related news, Director Joseph Sutton bought 9,700 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $20.87 per share, with a total value of $202,439.00. Following the completion of the acquisition, the director owned 80,246 shares in the company, valued at approximately $1,674,734.02. This trade represents a 13.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Cox acquired 39,700 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $25.07 per share, for a total transaction of $995,279.00. Following the acquisition, the director directly owned 39,700 shares of the company’s stock, valued at $995,279. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 75,025 shares of company stock valued at $1,778,963. Company insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. State of Wyoming purchased a new stake in Ameresco in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Ameresco in the fourth quarter valued at about $48,000. Fifth Third Bancorp purchased a new position in Ameresco in the first quarter valued at about $44,000. Summit Securities Group LLC acquired a new position in shares of Ameresco during the fourth quarter worth about $55,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Ameresco during the fourth quarter worth about $69,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.