Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC – Free Report) from a sell rating to a hold rating in a research report released on Saturday.
A number of other brokerages also recently weighed in on AMRC. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday. UBS Group increased their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird lowered their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Guggenheim initiated coverage on shares of Ameresco in a report on Friday, May 22nd. They set a “neutral” rating for the company. Finally, Canaccord Genuity Group upped their target price on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.
Read Our Latest Stock Analysis on Ameresco
Ameresco Price Performance
Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same quarter last year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts anticipate that Ameresco will post 1.24 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the sale, the director directly owned 22,111 shares in the company, valued at approximately $713,521.97. The trade was a 31.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This trade represents a 8.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,355 shares of company stock valued at $852,270 over the last quarter. 45.10% of the stock is owned by corporate insiders.
Institutional Trading of Ameresco
Several hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in shares of Ameresco by 10.3% during the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after buying an additional 43,832 shares during the last quarter. Swedbank AB lifted its stake in shares of Ameresco by 219.0% in the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after acquiring an additional 254,000 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Ameresco by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after acquiring an additional 102,782 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Ameresco by 7.5% during the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock valued at $19,063,000 after acquiring an additional 45,506 shares during the period. Finally, Penn Capital Management Company LLC boosted its holdings in Ameresco by 314.0% during the 4th quarter. Penn Capital Management Company LLC now owns 82,659 shares of the utilities provider’s stock valued at $2,421,000 after acquiring an additional 62,695 shares during the period. 99.24% of the stock is owned by institutional investors.
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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