Ameresco (NYSE:AMRC) Shares Gap Down Following Weak Earnings

Posted by Francis Steltz on May 5th, 2026

Ameresco, Inc. (NYSE:AMRC – Get Free Report)’s stock price gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $31.48, but opened at $29.72. Ameresco shares last traded at $30.0650, with a volume of 89,336 shares changing hands.

The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The company had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS.

Key Headlines Impacting Ameresco

Here are the key news stories impacting Ameresco this week:

Positive Sentiment: Revenue beat and solid top‑line growth — Ameresco reported Q1 revenue of $401.5M, about 14% year‑over‑year growth, beating analyst estimates and supporting the firm’s growth narrative. Read More.
Positive Sentiment: Major JV with HASI could be value‑accretive — Ameresco formed Neogenyx Fuels with HASI; HASI is investing $400M and the JV is valued at $1.8B, creating a new growth vehicle in advanced biofuels that could accelerate cash generation and de‑risk the renewables portfolio. Read More.
Neutral Sentiment: Analyst consensus remains constructive — Brokerages show an average rating of “Moderate Buy,” indicating continued analyst support despite mixed results. Read More.
Neutral Sentiment: Earnings‑call commentary emphasizes a “transformative growth path,” highlighting pipeline and execution themes that management is using to frame long‑term upside. Read More.
Negative Sentiment: EPS missed expectations — Ameresco reported a Q1 loss of ($0.33) vs. the ($0.27) consensus, a notable beat on revenue but a near‑term earnings weakness that pressures short‑term sentiment. Read More.
Negative Sentiment: FY‑2026 guidance a touch conservative — Ameresco set EPS guidance of $1.06–$1.28 and revenue guidance of $2.0B–$2.2B (consensus ~ $2.1B; consensus EPS ~1.15), which is slightly below some Street forecasts and may cap near‑term upside. Read More.
Negative Sentiment: Price target trimmed by Baird — Robert W. Baird lowered its target from $44 to $36 but kept an “Outperform” rating, a mixed signal that reduces some upside implied by earlier targets. Read More.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMRC shares. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group cut their price target on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Robert W. Baird dropped their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research report on Wednesday, March 4th. Finally, B. Riley Financial lifted their price target on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.10.

Get Our Latest Analysis on Ameresco

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the completion of the transaction, the director directly owned 14,111 shares of the company’s stock, valued at $481,890.65. This trade represents a 52.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 16,920 shares of company stock worth $574,440. Company insiders own 44.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after acquiring an additional 2,981,689 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ameresco by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock worth $37,274,000 after purchasing an additional 34,279 shares in the last quarter. Royce & Associates LP boosted its stake in Ameresco by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock worth $31,246,000 after purchasing an additional 102,782 shares in the last quarter. First Trust Advisors LP boosted its stake in Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after purchasing an additional 889,820 shares in the last quarter. Finally, Granahan Investment Management LLC boosted its stake in Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Down 0.4%

The company has a market cap of $1.66 billion, a P/E ratio of 37.44, a PEG ratio of 2.60 and a beta of 2.55. The stock’s 50 day moving average is $27.20 and its 200-day moving average is $31.13. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56.

Ameresco Company Profile

(Get Free Report)

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.