Ameresco (NYSE:AMRC) Shares Down 8.5% – Time to Sell?

Ameresco, Inc. (NYSE:AMRC) dropped 8.5% during mid-day trading on Thursday . The company traded as low as $23.29 and last traded at $23.1830. 133,900 shares were traded during trading, a decline of 77% from the average daily volume of 573,768 shares. The stock had previously closed at $25.35.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a research report on Tuesday, August 4th. Finally, Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given 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.com, Ameresco currently has an average rating of “Moderate Buy” and an average price target of $42.89.

Ameresco Stock Performance

The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 43.07, a price-to-earnings-growth ratio of 1.87 and a beta of 2.62. The company’s 50-day simple moving average is $25.44 and its 200-day simple moving average is $27.89.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts predict that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at $911,379.84. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George P. Sakellaris purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $25.95 per share, with a total value of $129,750.00. Following the transaction, the chief executive officer directly owned 993,597 shares in the company, valued at $25,783,842.15. This trade represents a 0.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 45,700 shares of company stock worth $1,150,299 in the last three months. 45.10% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently bought and sold shares of AMRC. Northside Capital Management LLC acquired a new position in shares of Ameresco in the second quarter worth about $207,000. Handelsbanken Fonder AB increased its position in shares of 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 in the last quarter. Optiver Holding B.V. raised its holdings in shares of Ameresco by 550.8% during 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 during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Ameresco in the 1st quarter valued at approximately $3,089,000. Finally, Bank of America Corp DE lifted its position in shares of Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock valued at $3,199,000 after acquiring an additional 49,279 shares in the last quarter. Institutional investors and hedge funds 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.