Ameresco (NYSE:AMRC) Shares Up 11.6% – Time to Buy?

Ameresco, Inc. (NYSE:AMRC)’s stock price shot up 11.6% during mid-day trading on Tuesday. The stock traded as high as $20.37 and last traded at $20.4450. Approximately 398,667 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 591,113 shares. The stock had previously closed at $18.32.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMRC. UBS Group upped their price target on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Finally, Canaccord Genuity Group boosted their price objective 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 analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.89.

Ameresco Trading Up 3.4%

The stock’s 50 day moving average price is $21.66 and its 200-day moving average price is $26.61. 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 capitalization of $1.11 billion, a PE ratio of 40.37, a PEG ratio of 1.38 and a beta of 2.62.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts expect that Ameresco, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Ameresco

In related news, CEO George P. Sakellaris purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the completion of the transaction, the chief executive officer directly owned 1,000,597 shares in the company, valued at $20,922,483.27. This represents a 0.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jennifer L. Miller acquired 2,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $20.96 per share, with a total value of $41,920.00. Following the completion of the purchase, the director directly owned 34,546 shares of the company’s stock, valued at $724,084.16. This trade represents a 6.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is owned by company insiders.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV raised its stake 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 worth $2,497,000 after acquiring an additional 891 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in Ameresco by 7.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after buying an additional 940 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Ameresco by 458.8% in the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,037 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Ameresco during the first quarter worth about $44,000. Finally, Optiver Holding B.V. increased its holdings in shares of Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 2,005 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.