Jefferies Financial Group upgraded shares of Ameresco (NYSE:AMRC – Free Report) to a strong-buy rating in a research report report published on Thursday,Zacks reports.
Several other research firms have also commented on AMRC. UBS Group upped their price objective on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Canaccord Genuity Group increased their price target on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Cantor Fitzgerald dropped their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and an average price target of $41.89.
Get Our Latest Research Report on AMRC
Ameresco Price Performance
Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts predict that Ameresco will post 1.22 earnings per share for the current year.
Insider Activity at Ameresco
In related news, Director Jennifer Miller purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $20.96 per share, with a total value of $41,920.00. Following the purchase, the director owned 34,546 shares of the company’s stock, valued at $724,084.16. The trade was a 6.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian Cox bought 4,625 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the transaction, the director owned 44,325 shares of the company’s stock, valued at approximately $959,193. This trade represents a 11.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 75,025 shares of company stock worth $1,778,963 over the last 90 days. 45.10% of the stock is owned by insiders.
Institutional Investors Weigh In On Ameresco
Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after acquiring an additional 43,832 shares in the last quarter. Swedbank AB increased its position in shares of Ameresco by 219.0% during the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares in the last quarter. Royce & Associates LP raised its stake in 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 purchasing an additional 102,782 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after purchasing an additional 167,068 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Ameresco by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock valued at $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 and hedge funds.
Ameresco Company Profile
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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