Ameresco (NYSE:AMRC) Director Buys $41,920.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller bought 2,000 shares of Ameresco stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the purchase, the director owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ameresco Price Performance

Ameresco stock opened at $22.06 on Friday. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month high of $44.93. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $24.60 and a 200-day moving average price of $27.50. The firm has a market capitalization of $1.17 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.68 and a beta of 2.62.

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

Institutional Trading of Ameresco

Large investors have recently modified their holdings of the company. State of Wyoming purchased a new position in Ameresco during the 4th quarter worth $27,000. Fifth Third Bancorp bought a new stake in Ameresco during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ameresco in the 4th quarter worth $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ameresco by 99.4% in the 2nd 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 during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Ameresco in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reduced their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. UBS Group lifted their target price on Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group boosted their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.89.

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.