Ameresco, Inc. (NYSE:AMRC – Get Free Report) CEO George Sakellaris bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $22.84 per share, with a total value of $91,360.00. Following the completion of the acquisition, the chief executive officer owned 1,010,597 shares of the company’s stock, valued at $23,082,035.48. This trade represents a 0.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Ameresco Stock Down 3.7%
Shares of Ameresco stock opened at $22.06 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93. The company has a market capitalization of $1.17 billion, a P/E ratio of 42.42, a P/E/G ratio of 1.61 and a beta of 2.62. The company has a 50 day moving average of $24.60 and a 200 day moving average of $27.50.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 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 business had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’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, research analysts forecast that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Ameresco
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Guggenheim assumed coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Finally, Cantor Fitzgerald dropped their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.89.
Check Out 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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