Ameresco (NYSE:AMRC) Trading Down 16.7% – What’s Next?

Ameresco, Inc. (NYSE:AMRC) was down 16.7% during mid-day trading on Friday . The stock traded as low as $29.04 and last traded at $27.2490. Approximately 356,537 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 545,126 shares. The stock had previously closed at $32.73.

Analyst Ratings Changes

Several research analysts have issued reports on AMRC shares. B. Riley Financial upped their price target on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. UBS Group dropped their price target on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Guggenheim started coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Finally, Canaccord Genuity Group upped 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. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ameresco presently has an average rating of “Hold” and a consensus target price of $42.56.

Ameresco Trading Down 11.9%

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 company has a market cap of $1.53 billion, a PE ratio of 49.70, a P/E/G ratio of 2.35 and a beta of 2.58. The business’s 50-day simple moving average is $28.99 and its 200-day simple moving average is $30.15.

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

Insider Activity at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the sale, the director directly owned 25,232 shares in the company, valued at $764,277.28. This trade represents a 28.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 26,730 shares of company stock worth $861,813. 45.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Ameresco by 503.4% during the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after buying an additional 889,820 shares during the last quarter. Royce & Associates LP grew its holdings in Ameresco by 197.6% during the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock valued at $32,371,000 after purchasing an additional 640,106 shares during the period. Granahan Investment Management LLC grew its holdings in Ameresco by 108.4% during the third quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock valued at $29,889,000 after purchasing an additional 462,875 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Ameresco by 91.6% in the third quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock worth $20,327,000 after purchasing an additional 289,381 shares during the period. 99.24% of the stock is owned by institutional investors.

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.