Ameresco, Inc. (NYSE:AMRC) Receives Average Rating of “Hold” from Brokerages

Shares of Ameresco, Inc. (NYSE:AMRC) have received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $42.5556.

Several equities research analysts recently weighed in on AMRC shares. Canaccord Genuity Group upped their price target on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald boosted their target price on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Guggenheim began coverage on shares of Ameresco in a research report on Friday, May 22nd. They issued a “neutral” rating on the stock. Finally, Robert W. Baird decreased their price target 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.

Insiders Place Their Bets

In other news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the sale, the director directly owned 25,232 shares of the company’s stock, valued at $911,379.84. The trade was a 16.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares in the company, valued at approximately $713,521.97. This represents a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 26,355 shares of company stock worth $852,270. 45.10% of the stock is currently owned by company insiders.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ameresco by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after buying an additional 799 shares during the last quarter. KBC Group NV raised its position in shares of Ameresco by 0.9% during the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after buying an additional 891 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Ameresco by 2.3% in the 4th quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock valued at $1,191,000 after acquiring an additional 917 shares during the last quarter. State of Wyoming bought a new position in shares of Ameresco in the 4th quarter valued at about $27,000. Finally, Swiss National Bank grew its position in Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after acquiring an additional 1,000 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Performance

Ameresco stock opened at $22.58 on Tuesday. The stock’s 50 day simple moving average is $28.71 and its two-hundred day simple moving average is $28.97. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 1.87 and a beta of 2.60. Ameresco has a fifty-two week low of $15.52 and a fifty-two week high of $44.93.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The firm had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, analysts expect that Ameresco will post 1.13 earnings per share for the current fiscal year.

Ameresco Company Profile

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.