Ameresco (NYSE:AMRC) Shares Up 7.1% – What’s Next?

Ameresco, Inc. (NYSE:AMRC) shares shot up 7.1% during mid-day trading on Tuesday . The stock traded as high as $25.47 and last traded at $25.4410. 83,490 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 555,692 shares. The stock had previously closed at $23.75.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Cantor Fitzgerald lifted their price objective 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. Zacks Research upgraded shares of Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Finally, Canaccord Genuity Group raised their price target on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.56.

Ameresco Stock Performance

The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The company has a fifty day moving average price of $29.13 and a 200 day moving average price of $29.12. The stock has a market cap of $1.31 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.06 and a beta of 2.60.

Ameresco (NYSE:AMRC) last issued 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 firm had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Ameresco’s revenue for the quarter was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities analysts expect that Ameresco, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling at Ameresco

In other 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 completion of the sale, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 25,232 shares in the company, valued at $764,277.28. This represents a 28.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,355 shares of company stock valued at $852,270. Corporate insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in AMRC. State of Wyoming purchased a new stake in shares of Ameresco in the fourth quarter worth approximately $27,000. Fifth Third Bancorp bought a new position in shares of Ameresco in the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco during the fourth quarter valued at approximately $48,000. Tower Research Capital LLC TRC grew its holdings in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Ameresco during the fourth quarter worth $55,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.