Ameresco’s (AMRC) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of Ameresco (NYSE:AMRC) in a report released on Tuesday morning, Marketbeat.com reports. Robert W. Baird currently has a $32.00 price objective on the utilities provider’s stock, down from their prior price objective of $36.00.

Other equities research analysts have also issued research reports about the company. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. 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 note on Tuesday, August 4th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.89.

Ameresco Stock Performance

Shares of AMRC stock opened at $22.20 on Tuesday. The company has a market cap of $1.18 billion, a P/E ratio of 42.69, a PEG ratio of 1.86 and a beta of 2.62. The firm has a fifty day moving average price of $25.32 and a 200 day moving average price of $27.82. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.Ameresco’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Sell-side analysts predict that Ameresco will post 1.24 earnings per share for the current fiscal year.

Insider Transactions at Ameresco

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at approximately $911,379.84. The trade was a 16.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George P. Sakellaris bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $25.27 per share, with a total value of $25,270.00. Following the completion of the transaction, the chief executive officer owned 994,597 shares in the company, valued at approximately $25,133,466.19. This trade represents a 0.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 45,700 shares of company stock worth $1,150,299. Corporate insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several large investors have recently modified their holdings of AMRC. State of Wyoming purchased a new position in shares of Ameresco during the fourth quarter worth approximately $27,000. Fifth Third Bancorp purchased a new stake in Ameresco in the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco during the 4th quarter worth $48,000. Tower Research Capital LLC TRC boosted its stake in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Ameresco during the 4th quarter worth $55,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.