Ameresco (NYSE:AMRC) Stock Rating Upgraded by Zacks Research

Ameresco (NYSE:AMRC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on the company. UBS Group lowered their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Guggenheim started coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. B. Riley Financial boosted their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Cantor Fitzgerald boosted their price objective on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.56.

Ameresco Stock Down 1.8%

Shares of NYSE AMRC opened at $32.74 on Wednesday. Ameresco has a 1 year low of $14.08 and a 1 year high of $44.93. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 2.75 and a beta of 2.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. The stock’s 50-day simple moving average is $28.99 and its 200-day simple moving average is $30.16.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (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 business had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s 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 analysts anticipate that Ameresco will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the transaction, the director directly owned 25,232 shares of the company’s stock, valued at approximately $764,277.28. This represents a 28.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the completion of the transaction, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. This trade represents a 8.76% decrease in their ownership of the stock. 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 26,730 shares of company stock valued at $861,813. 45.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 799 shares during the last quarter. KBC Group NV increased its stake in shares of Ameresco by 0.9% in the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock worth $2,497,000 after acquiring an additional 891 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Ameresco by 2.3% during the 4th quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock worth $1,191,000 after purchasing an additional 917 shares during the last quarter. State of Wyoming bought a new position in shares of Ameresco during the 4th quarter valued at $27,000. Finally, Swiss National Bank raised its holdings in shares of Ameresco by 1.6% during the 3rd quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after purchasing an additional 1,000 shares in the last quarter. 99.24% of the stock is owned by 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.