Ameresco (NYSE:AMRC) Reaches New 1-Year Low – Here’s What Happened

Ameresco, Inc. (NYSE:AMRC) shares reached a new 52-week low on Tuesday. The company traded as low as $18.38 and last traded at $19.2210, with a volume of 33,130 shares trading hands. The stock had previously closed at $18.86.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMRC shares. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. 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. Canaccord Genuity Group upped their price objective on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Ameresco from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.89.

Ameresco Trading Up 5.4%

The firm has a 50-day moving average of $22.40 and a 200 day moving average of $25.59. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.40 and a beta of 2.62.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts predict that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jennifer L. Miller purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the acquisition, the director owned 34,546 shares in the company, valued at $724,084.16. This trade represents a 6.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian C. Cox bought 4,625 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $21.64 per share, with a total value of $100,085.00. Following the purchase, the director directly owned 44,325 shares in the company, valued at approximately $959,193. This trade represents a 11.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 75,025 shares of company stock worth $1,778,963 over the last three months. 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 made changes to their positions in AMRC. Eagle Harbor Asset Management Inc. ADV lifted its stake in shares of Ameresco by 10.7% in the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 24,831 shares of the utilities provider’s stock worth $514,000 after buying an additional 2,398 shares during the last quarter. Vanguard Capital Wealth Advisors acquired a new stake in Ameresco in the 3rd quarter valued at approximately $389,000. NorthCrest Asset Manangement LLC increased its position in Ameresco by 7.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after buying an additional 940 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Ameresco by 458.8% in the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,037 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Ameresco during the second quarter worth $261,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Company Profile

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.