Ameresco (NYSE:AMRC) Director Sells $302,900.00 in Stock

Ameresco, Inc. (NYSE:AMRC) Director Francis Wisneski, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares of the company’s stock, valued at $764,277.28. The trade was a 28.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ameresco Stock Up 5.3%

Ameresco stock opened at $31.82 on Friday. 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 stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 2.62 and a beta of 2.55. Ameresco, Inc. has a 1-year low of $12.96 and a 1-year high of $44.93. The business has a fifty day moving average price of $27.52 and a 200-day moving average price of $30.24.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The business had revenue of $401.46 million during the quarter, compared to analyst estimates of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMRC has been the subject of a number of recent analyst reports. B. Riley Financial raised their price objective on Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Canaccord Genuity Group raised their price objective on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. William Blair raised Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Zacks Research downgraded Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Guggenheim initiated coverage on Ameresco in a research note on Friday. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.56.

Institutional Trading of Ameresco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in Ameresco during the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco during the 4th quarter worth about $48,000. Fifth Third Bancorp acquired a new stake in Ameresco during the 1st quarter worth about $44,000. Summit Securities Group LLC acquired a new stake in Ameresco during the 4th quarter worth about $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ameresco in the 3rd quarter valued at about $76,000. 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.