Ameresco (NYSE:AMRC) Trading 7.1% Higher – What’s Next?

Shares of Ameresco, Inc. (NYSE:AMRC) traded up 7.1% during trading on Tuesday . The company traded as high as $25.47 and last traded at $25.4410. Approximately 83,490 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 555,692 shares. The stock had previously closed at $23.75.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMRC. Robert W. Baird reduced their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Guggenheim started coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Finally, Canaccord Genuity Group increased their price objective on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.56.

Ameresco Stock Performance

The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average is $29.38 and its two-hundred day moving average is $29.19. The company has a market capitalization of $1.32 billion, a P/E ratio of 43.08, a PEG ratio of 2.06 and a beta of 2.60.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (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 for the quarter, compared to the consensus estimate of $362.92 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The company’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 analysts anticipate that Ameresco, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director owned 22,111 shares of the company’s stock, valued at $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,355 shares of company stock worth $852,270. 45.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in Ameresco in the 1st quarter worth approximately $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 884 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Ameresco by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Ameresco in the 1st quarter worth approximately $1,187,000. Finally, Creative Planning bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $153,000. 99.24% of the stock is currently owned by institutional investors.

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.