Ameresco (NYSE:AMRC) Now Covered by Guggenheim

Investment analysts at Guggenheim initiated coverage on shares of Ameresco (NYSE:AMRC) in a report released on Friday. The firm set a “neutral” rating on the utilities provider’s stock.

Other analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. UBS Group lowered their price objective on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Weiss Ratings downgraded shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald boosted their target price on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Robert W. Baird lowered their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Ameresco currently has a consensus rating of “Hold” and a consensus price target of $42.56.

Ameresco Stock Performance

Shares of NYSE:AMRC traded up $0.73 during midday trading on Friday, reaching $30.95. 178,153 shares of the company’s stock traded hands, compared to its average volume of 537,324. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. Ameresco has a one year low of $12.96 and a one year high of $44.93. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 53.34, a P/E/G ratio of 2.43 and a beta of 2.55. The stock has a 50 day moving average of $27.40 and a 200 day moving average of $30.23.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The business had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Ameresco’s quarterly revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, equities research analysts anticipate that Ameresco will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the transaction, the director directly owned 25,232 shares in the company, valued at approximately $764,277.28. This trade represents a 28.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer L. Miller sold 10,000 shares of Ameresco stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. This represents a 31.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,730 shares of company stock valued at $681,213. Insiders own 44.96% of the company’s stock.

Institutional Trading of Ameresco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Ameresco in the fourth quarter worth about $27,000. Fifth Third Bancorp purchased a new position in shares of Ameresco during the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Ameresco during the 4th quarter valued at approximately $48,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Ameresco in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

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.