Ameresco (NYSE:AMRC – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.
Several other research analysts also recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Zacks Research downgraded shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Canaccord Genuity Group raised 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. UBS Group lifted their price target on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $41.89.
View Our Latest Analysis on AMRC
Ameresco Stock Down 5.4%
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 for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $465.18 million. During the same period in the prior year, the business posted $0.27 earnings per share. 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. Research analysts anticipate that Ameresco will post 1.22 earnings per share for the current year.
Insider Buying and Selling at Ameresco
In other Ameresco news, Director Joseph Sutton acquired 9,700 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the purchase, the director owned 80,246 shares in the company, valued at approximately $1,674,734.02. This trade represents a 13.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO George Sakellaris acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the completion of the acquisition, the chief executive officer owned 1,000,597 shares of the company’s stock, valued at $20,922,483.27. This trade represents a 0.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 75,025 shares of company stock valued at $1,778,963 in the last ninety days. Company insiders own 45.10% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in AMRC. WINTON GROUP Ltd purchased a new stake in shares of Ameresco during the 2nd quarter worth $261,000. Engineers Gate Manager LP purchased a new position in Ameresco in the second quarter valued at about $1,124,000. Raiffeisen Bank International AG bought a new position in Ameresco in the second quarter worth about $2,657,000. Northside Capital Management LLC bought a new position in Ameresco in the second quarter worth about $207,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Ameresco by 5.3% during the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after buying an additional 42,826 shares during the last quarter. 99.24% of the stock is owned by institutional investors.
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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