Ameresco (NYSE:AMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC) from a sell rating to a hold rating in a report issued on Saturday.

A number of other analysts also recently commented on the company. Canaccord Genuity Group upped their price objective on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Robert W. Baird reduced their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Guggenheim assumed coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and an average target price of $43.33.

Ameresco Price Performance

AMRC opened at $25.27 on Friday. The company’s 50 day simple moving average is $25.89 and its 200 day simple moving average is $28.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. Ameresco has a 1 year low of $18.38 and a 1 year high of $44.93. The stock has a market capitalization of $1.34 billion, a PE ratio of 48.60, a P/E/G ratio of 1.88 and a beta of 2.62.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. Ameresco’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, sell-side analysts expect that Ameresco will post 1.24 EPS for the current year.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction on 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 approximately $479,774. This represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock in a transaction on Friday, May 29th. The shares were sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director owned 25,232 shares of the company’s stock, valued at approximately $911,379.84. This represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,355 shares of company stock valued at $852,270 over the last 90 days. Corporate insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after acquiring an additional 2,981,689 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after acquiring an additional 889,820 shares in the last quarter. Swedbank AB boosted its holdings in Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after purchasing an additional 275,000 shares during the last quarter. Invesco Ltd. boosted its holdings in Ameresco by 54.7% in the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock valued at $19,314,000 after purchasing an additional 203,374 shares during the last quarter. Finally, Redwood Grove Capital LLC grew its stake in Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after purchasing an additional 179,943 shares in the last quarter. 99.24% of the stock is currently 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.