Ameresco (NYSE:AMRC) Stock Price Down 4.7% – Here’s What Happened

Ameresco, Inc. (NYSE:AMRC)’s stock price traded down 4.7% during trading on Monday. The company traded as low as $18.64 and last traded at $18.59. Approximately 131,423 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 591,363 shares. The stock had previously closed at $19.50.

Analyst Upgrades and Downgrades

AMRC has been the topic of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. UBS Group boosted their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group upped their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.89.

Ameresco Price Performance

The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock’s 50-day moving average is $22.55 and its two-hundred day moving average is $25.62. The stock has a market cap of $995.86 million, a PE ratio of 36.09, a PEG ratio of 1.41 and a beta of 2.62.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $465.18 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities analysts predict that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Insider Transactions at Ameresco

In other news, Director Joseph W. Sutton bought 9,700 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director owned 80,246 shares in the company, valued at approximately $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George P. Sakellaris bought 3,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $22.13 per share, with a total value of $66,390.00. Following the completion of the acquisition, the chief executive officer directly owned 1,013,597 shares in the company, valued at $22,430,901.61. This trade represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 75,025 shares of company stock valued at $1,778,963. Corporate insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Ameresco by 458.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after buying an additional 1,037 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Ameresco during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ameresco during the fourth quarter worth $48,000. Optiver Holding B.V. increased its position 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 worth $60,000 after acquiring an additional 2,005 shares during the period. Finally, Northside Capital Management LLC acquired a new stake in shares of Ameresco in the second quarter valued at $207,000. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.