Ameresco (NYSE:AMRC) Raised to Hold at Wall Street Zen

Ameresco (NYSE:AMRC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

AMRC has been the subject of several other reports. Robert W. Baird decreased their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. UBS Group lifted their target price on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Guggenheim started coverage on shares of Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Ameresco Stock Up 0.4%

AMRC opened at $25.76 on Friday. Ameresco has a one year low of $18.38 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a market capitalization of $1.36 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 1.88 and a beta of 2.62. The business’s 50-day simple moving average is $26.07 and its 200-day simple moving average is $28.20.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts anticipate that Ameresco will post 1.24 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the transaction, the director directly owned 25,232 shares in the company, valued at approximately $911,379.84. This trade represents a 16.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total value of $46,070.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at $479,774. This trade represents a 8.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 26,355 shares of company stock valued at $852,270. 45.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ameresco by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after purchasing an additional 799 shares during the last quarter. KBC Group NV lifted its holdings in Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after purchasing an additional 891 shares in the last quarter. State of Wyoming acquired a new stake in shares of Ameresco during the 4th quarter worth about $27,000. Swiss National Bank grew its holdings in shares of Ameresco by 1.6% during the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after buying an additional 1,000 shares in the last quarter. Finally, Kuhn & Co Investment Counsel grew its holdings in shares of Ameresco by 4.6% during the fourth quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock worth $663,000 after buying an additional 1,000 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

About Ameresco

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.