Ameresco, Inc. (NYSE:AMRC – Get Free Report) Director Brian Cox acquired 4,625 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $21.64 per share, for a total transaction of $100,085.00. Following the purchase, the director directly owned 44,325 shares in the company, valued at approximately $959,193. This represents a 11.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.
Ameresco Trading Up 5.2%
NYSE AMRC traded up $1.10 on Tuesday, hitting $22.07. 984,128 shares of the company were exchanged, compared to its average volume of 838,840. The company’s 50 day moving average price is $24.94 and its 200-day moving average price is $27.63. The firm has a market capitalization of $1.17 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 1.54 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. Ameresco, Inc. has a twelve month low of $18.38 and a twelve month high of $44.93.
Ameresco (NYSE:AMRC – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the previous year, the business posted $0.27 EPS. 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. Analysts predict that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on AMRC shares. Zacks Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Guggenheim assumed coverage on shares of Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating for the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group upped their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $42.89.
View Our Latest Stock Analysis on Ameresco
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.
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