Ameresco (NYSE:AMRC) Stock Falls 4.2% – Time to Sell?

Ameresco, Inc. (NYSE:AMRC)’s stock price dropped 4.2% during mid-day trading on Wednesday. The stock traded as low as $19.22 and last traded at $19.0830. 27,665 shares changed hands during trading, a decline of 95% from the average session volume of 589,841 shares. The stock had previously closed at $19.92.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Cantor Fitzgerald cut their target price on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Finally, Canaccord Genuity Group increased their price target on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.89.

Ameresco Trading Down 0.4%

The firm has a market capitalization of $1.05 billion, a P/E ratio of 38.04 and a beta of 2.62. The business has a 50 day moving average of $21.77 and a 200-day moving average of $26.65.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s quarterly 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. On average, analysts anticipate that Ameresco, Inc. will post 1.22 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, Director Jennifer Miller acquired 2,000 shares of Ameresco stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $20.96 per share, with a total value of $41,920.00. Following the completion of the transaction, the director directly owned 34,546 shares of the company’s stock, valued at approximately $724,084.16. This represents a 6.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Sakellaris acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $22.13 per share, with a total value of $66,390.00. Following the completion of the acquisition, the chief executive officer owned 1,013,597 shares of the company’s stock, valued at $22,430,901.61. This represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 75,025 shares of company stock worth $1,778,963. Company insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after acquiring an additional 167,068 shares during the period. Handelsbanken Fonder AB raised its position in shares of Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock valued at $23,680,000 after buying an additional 42,826 shares in the last quarter. Swedbank AB grew its holdings in shares of Ameresco by 74.3% during the 1st 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. Empowered Funds LLC boosted its stake in shares of Ameresco by 8.5% during the first quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider’s stock valued at $5,754,000 after purchasing an additional 17,696 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Ameresco by 64.7% in the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock valued at $3,199,000 after purchasing an additional 49,279 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.