Ameresco (NYSE:AMRC – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.
AMRC has been the topic of several other research reports. Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald lowered their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Jefferies Financial Group raised Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.89.
Read Our Latest Report on Ameresco
Ameresco Stock Up 0.0%
Ameresco (NYSE:AMRC – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that Ameresco will post 1.22 earnings per share for the current year.
Insider Activity
In other news, Director Brian C. Cox acquired 39,700 shares of Ameresco stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $25.07 per share, with a total value of $995,279.00. Following the purchase, the director owned 39,700 shares in the company, valued at $995,279. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph W. Sutton acquired 9,700 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average price of $20.87 per share, with a total value of $202,439.00. Following the completion of the transaction, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This trade represents a 13.75% 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 worth $1,778,963 in the last 90 days. 45.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ameresco
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new position in shares of Ameresco in the 2nd quarter valued at about $2,657,000. Dimensional Fund Advisors LP grew its stake in Ameresco by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after purchasing an additional 167,068 shares during the period. Swedbank AB grew its stake in Ameresco by 74.3% during the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after purchasing an additional 275,000 shares during the period. Bank of America Corp DE grew its stake in Ameresco by 64.7% during the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after purchasing an additional 49,279 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Ameresco in the first quarter worth approximately $3,089,000. Institutional investors and hedge funds own 99.24% of the company’s stock.
About Ameresco
Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.
Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.
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