Ameresco (NYSE:AMRC – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.
AMRC has been the topic of a number of other reports. Zacks Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. UBS Group increased their target price on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.89.
Get Our Latest Analysis on AMRC
Ameresco Stock Up 0.1%
Ameresco (NYSE:AMRC – Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities research analysts anticipate that Ameresco will post 1.22 EPS for the current fiscal year.
Insider Activity at Ameresco
In other news, Director Jennifer L. Miller acquired 2,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of $20.96 per share, with a total value of $41,920.00. Following the completion of the acquisition, the director owned 34,546 shares in the company, valued at $724,084.16. This trade represents a 6.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian C. Cox bought 4,625 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the transaction, the director directly owned 44,325 shares of the company’s stock, valued at approximately $959,193. This represents a 11.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 75,025 shares of company stock valued at $1,778,963 over the last quarter. 45.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in Ameresco in the second quarter valued at approximately $261,000. Engineers Gate Manager LP purchased a new position in shares of Ameresco during the second quarter worth approximately $1,124,000. Raiffeisen Bank International AG acquired a new position in shares of Ameresco in the 2nd quarter valued at $2,657,000. Northside Capital Management LLC acquired a new position in shares of Ameresco in the 2nd quarter valued at $207,000. Finally, Handelsbanken Fonder AB raised its position in Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after purchasing an additional 42,826 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.
About Ameresco
Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.
Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.
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