Ameresco (NYSE:AMRC) Director Francis Wisneski, Jr. Sells 5,000 Shares

Ameresco, Inc. (NYSE:AMRCGet Free Report) Director Francis Wisneski, Jr. sold 5,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the transaction, the director directly owned 25,232 shares in the company, valued at $911,379.84. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ameresco Stock Up 4.3%

Ameresco stock traded up $1.50 during mid-day trading on Tuesday, hitting $36.10. 467,851 shares of the company’s stock were exchanged, compared to its average volume of 548,158. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock has a market cap of $1.91 billion, a P/E ratio of 62.24, a P/E/G ratio of 2.97 and a beta of 2.58. Ameresco, Inc. has a 1-year low of $13.36 and a 1-year high of $44.93. The stock has a 50 day moving average of $28.60 and a two-hundred day moving average of $30.13.

Ameresco (NYSE:AMRCGet Free Report) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The business had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, analysts anticipate that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMRC has been the subject of several recent analyst reports. Zacks Research downgraded Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. B. Riley Financial upped their price target on Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Robert W. Baird reduced their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group upped their target price on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.56.

View Our Latest Stock Report on Ameresco

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently added to or reduced their stakes in AMRC. AQR Capital Management LLC acquired a new stake in Ameresco during the first quarter worth about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after buying an additional 884 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Ameresco by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after buying an additional 42,499 shares in the last quarter. Empowered Funds LLC acquired a new stake in Ameresco during the first quarter worth about $1,187,000. Finally, Creative Planning bought a new position in Ameresco during the second quarter worth about $153,000. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

(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.

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