Ameresco (NYSE:AMRC) Stock Price Down 8.5% – Time to Sell?

Ameresco, Inc. (NYSE:AMRCGet Free Report) shares fell 8.5% during mid-day trading on Thursday . The company traded as low as $23.29 and last traded at $23.1830. 133,900 shares traded hands during trading, a decline of 77% from the average daily volume of 573,768 shares. The stock had previously closed at $25.35.

Analysts Set New Price Targets

A number of research firms have recently commented on AMRC. UBS Group boosted their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Guggenheim initiated coverage on shares of Ameresco in a report on Friday, May 22nd. They set a “neutral” rating for the company. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. Robert W. Baird restated a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a research report on Tuesday. Finally, Zacks Research upgraded Ameresco from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.89.

Get Our Latest Report on Ameresco

Ameresco Trading Down 11.7%

The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.19 billion, a P/E ratio of 43.07, a PEG ratio of 1.87 and a beta of 2.62. The firm’s 50-day simple moving average is $25.44 and its 200 day simple moving average is $27.89.

Ameresco (NYSE:AMRCGet 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. 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 2.82%. Ameresco’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts anticipate that Ameresco, Inc. will post 1.24 earnings per share for the current year.

Insider Activity at Ameresco

In other Ameresco news, CEO George P. Sakellaris purchased 1,000 shares of Ameresco stock in a transaction on Monday, August 10th. The stock was bought at an average price of $25.27 per share, for a total transaction of $25,270.00. Following the transaction, the chief executive officer owned 994,597 shares of the company’s stock, valued at $25,133,466.19. The trade was a 0.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian C. Cox purchased 39,700 shares of Ameresco stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $25.07 per share, with a total value of $995,279.00. Following the transaction, the director directly owned 39,700 shares in the company, valued at $995,279. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 45,700 shares of company stock worth $1,150,299 in the last three months. 45.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in shares of Ameresco by 10.3% in the 4th quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after acquiring an additional 43,832 shares during the period. Swedbank AB boosted its holdings in shares of Ameresco by 219.0% in the fourth 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 in the last quarter. Royce & Associates LP increased its stake in shares of Ameresco by 10.7% during the fourth 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 period. Dimensional Fund Advisors LP increased its stake in shares of Ameresco by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after acquiring an additional 167,068 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Ameresco by 7.5% during the fourth quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after purchasing an additional 45,506 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.

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