25,538 Shares in Ameresco, Inc. $AMRC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in Ameresco, Inc. (NYSE:AMRC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,538 shares of the utilities provider’s stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMRC. State of Wyoming purchased a new position in shares of Ameresco during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco during the fourth quarter worth $48,000. Summit Securities Group LLC purchased a new stake in shares of Ameresco in the fourth quarter valued at $55,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Ameresco in the fourth quarter valued at $69,000. Finally, Tower Research Capital LLC TRC increased its stake in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director owned 25,232 shares in the company, valued at approximately $764,277.28. The trade was a 28.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer L. Miller sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the sale, the director directly owned 22,111 shares of the company’s stock, valued at approximately $713,521.97. This trade represents a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,355 shares of company stock valued at $852,270 in the last three months. Corporate insiders own 45.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Canaccord Genuity Group lifted their price target on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird dropped their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Zacks Research upgraded shares of Ameresco from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.56.

Ameresco Trading Up 11.2%

Shares of AMRC opened at $20.58 on Friday. Ameresco, Inc. has a twelve month low of $15.52 and a twelve month high of $44.93. The firm has a market capitalization of $1.09 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.50 and a beta of 2.60. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $27.25 and its 200 day simple moving average is $28.50.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). The firm had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities research analysts forecast that Ameresco, Inc. will post 1.13 earnings per share for the current year.

Ameresco 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.