Wall Street Zen Downgrades Ameresco (NYSE:AMRC) to Sell

Ameresco (NYSE:AMRC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. BNP Paribas downgraded shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Tuesday, October 21st. UBS Group upped their target price on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group set a $45.00 price target on shares of Ameresco and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, B. Riley lifted their price objective on Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ameresco currently has a consensus rating of “Moderate Buy” and an average price target of $37.70.

Ameresco Stock Up 3.3%

NYSE AMRC opened at $30.25 on Friday. Ameresco has a twelve month low of $8.49 and a twelve month high of $44.93. The stock has a market cap of $1.60 billion, a PE ratio of 25.42, a PEG ratio of 1.01 and a beta of 2.50. The firm has a 50-day simple moving average of $32.17 and a 200 day simple moving average of $28.69. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The firm had revenue of $525.99 million during the quarter, compared to analysts’ expectations of $518.41 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts forecast that Ameresco will post 1.15 EPS for the current year.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of AMRC. Wellington Management Group LLP raised its position in Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after purchasing an additional 2,981,689 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Ameresco by 1,832.5% in the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after buying an additional 1,683,326 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ameresco by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,238,322 shares of the utilities provider’s stock valued at $41,584,000 after buying an additional 5,431 shares during the last quarter. DNB Asset Management AS lifted its position in Ameresco by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock worth $18,072,000 after buying an additional 43,411 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after acquiring an additional 640,106 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.