Guinness Asset Management LTD Decreases Stock Position in Ameresco, Inc. $AMRC

Guinness Asset Management LTD cut its stake in Ameresco, Inc. (NYSE:AMRC) by 21.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,165 shares of the utilities provider’s stock after selling 84,651 shares during the quarter. Guinness Asset Management LTD’s holdings in Ameresco were worth $3,665,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMRC. Bandera Partners LLC grew its position in shares of Ameresco by 125.2% in the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider’s stock valued at $8,871,000 after purchasing an additional 408,257 shares in the last quarter. Granahan Investment Management LLC lifted its stake in shares of Ameresco by 3,822.9% in the 1st quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider’s stock valued at $5,031,000 after acquiring an additional 405,879 shares during the last quarter. Gagnon Securities LLC lifted its stake in shares of Ameresco by 69.6% in the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock valued at $11,700,000 after acquiring an additional 397,326 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Ameresco in the 1st quarter valued at about $3,850,000. Finally, Rock Point Advisors LLC increased its holdings in Ameresco by 97.7% during the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider’s stock valued at $6,245,000 after purchasing an additional 255,538 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Baird R W upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Jefferies Financial Group upped their target price on Ameresco from $11.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. B. Riley upped their target price on Ameresco from $22.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group raised Ameresco from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Finally, Wall Street Zen cut Ameresco from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.14.

Ameresco Trading Down 2.5%

NYSE:AMRC opened at $27.33 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.40 and a beta of 2.26. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68. The business has a fifty day moving average price of $20.98 and a 200-day moving average price of $15.69.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The firm had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same period in the prior year, the business posted $0.10 EPS. Ameresco’s revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.