Ameresco (NYSE:AMRC) Stock Price Down 16.7% – Here’s Why

Ameresco, Inc. (NYSE:AMRC) shares were down 16.7% on Friday . The company traded as low as $29.04 and last traded at $27.2490. Approximately 356,537 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 545,126 shares. The stock had previously closed at $32.73.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMRC shares. B. Riley Financial lifted their price target on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. UBS Group cut their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Guggenheim started coverage on shares of Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald raised 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, May 19th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.56.

Ameresco Price Performance

The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $28.99 and its 200-day moving average is $30.16. The stock has a market cap of $1.49 billion, a PE ratio of 48.20, a P/E/G ratio of 2.75 and a beta of 2.58.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The firm’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, sell-side analysts predict that Ameresco, Inc. will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director directly owned 14,111 shares in the company, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the sale, the director owned 25,232 shares in the company, valued at $911,379.84. This trade represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,730 shares of company stock worth $861,813. 45.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. Wellington Management Group LLP grew its position in Ameresco by 170.0% during the third 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 in the last quarter. First Trust Advisors LP grew its position in Ameresco by 503.4% during the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares in the last quarter. Royce & Associates LP grew its position in Ameresco by 197.6% during the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after purchasing an additional 640,106 shares in the last quarter. Granahan Investment Management LLC grew its position in Ameresco by 108.4% during the third quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock valued at $29,889,000 after purchasing an additional 462,875 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Ameresco by 91.6% during the third quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock valued at $20,327,000 after purchasing an additional 289,381 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

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.