Ameresco (NYSE:AMRC) Stock Falls 6.8% – Here’s What Happened

Ameresco, Inc. (NYSE:AMRC)’s share price was down 6.8% during mid-day trading on Thursday. The stock traded as low as $21.26 and last traded at $21.1850. Approximately 88,255 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 596,616 shares. The stock had previously closed at $22.73.

Analyst Upgrades and Downgrades

AMRC has been the topic of a number of research reports. UBS Group raised their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Wall Street Zen downgraded Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Cantor Fitzgerald decreased their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ameresco presently has an average rating of “Moderate Buy” and an average price target of $41.89.

Ameresco Stock Down 0.6%

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 market cap of $1.14 billion, a PE ratio of 41.42, a P/E/G ratio of 1.61 and a beta of 2.63. The business’s 50-day simple moving average is $23.39 and its 200 day simple moving average is $26.30.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the prior year, the company earned $0.27 EPS. The company’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 expect that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In related news, Director Joseph W. Sutton purchased 9,700 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $20.87 per share, for a total transaction of $202,439.00. Following the acquisition, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. The trade was a 13.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian C. Cox purchased 39,700 shares of Ameresco stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $25.07 per share, with a total value of $995,279.00. Following the completion of the transaction, the director owned 39,700 shares in the company, valued at approximately $995,279. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 75,025 shares of company stock worth $1,778,963. 45.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in shares of Ameresco in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Ameresco during the 4th quarter worth approximately $48,000. Optiver Holding B.V. raised its stake in shares of Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 2,005 shares in the last quarter. Northside Capital Management LLC purchased a new stake in Ameresco during the second quarter valued at approximately $207,000. Finally, Entropy Technologies LP purchased a new stake in Ameresco during the first quarter valued at approximately $216,000. 99.24% of the stock is currently owned by institutional investors.

Ameresco Company Profile

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.