Ameresco (NYSE:AMRC) Rating Increased to Strong-Buy at Zacks Research

Ameresco (NYSE:AMRCGet Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

AMRC has been the subject of a number of other reports. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research report on Tuesday. Guggenheim assumed coverage on Ameresco in a report on Friday, May 22nd. They set a “neutral” rating on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a research note on Tuesday. Weiss Ratings downgraded Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Finally, Robert W. Baird reduced their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Read Our Latest Stock Analysis on Ameresco

Ameresco Price Performance

NYSE:AMRC opened at $25.69 on Tuesday. The stock has a market capitalization of $1.36 billion, a PE ratio of 49.41, a P/E/G ratio of 2.04 and a beta of 2.62. 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 firm has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $28.31. Ameresco has a 1-year low of $18.38 and a 1-year high of $44.93.

Ameresco (NYSE:AMRCGet Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.97%. Ameresco’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts expect that Ameresco will post 1.24 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the sale, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This represents a 8.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,355 shares of company stock valued at $852,270 in the last ninety days. 45.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Ameresco

Several hedge funds and other institutional investors have recently bought and sold shares of AMRC. State of Wyoming acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd bought a new position in Ameresco during the 4th quarter worth $48,000. Fifth Third Bancorp bought a new position in Ameresco during the 1st quarter worth $44,000. Summit Securities Group LLC acquired a new position in Ameresco in the 4th quarter valued at $55,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Ameresco during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Ameresco (NYSE:AMRC)

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