Ameresco (NYSE:AMRC) Shares Gap Down – What’s Next?

Ameresco, Inc. (NYSE:AMRC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.50, but opened at $26.65. Ameresco shares last traded at $25.9770, with a volume of 97,059 shares.

Analyst Upgrades and Downgrades

AMRC has been the topic of several analyst reports. Guggenheim began coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group raised their price target on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Cantor Fitzgerald restated an “overweight” rating on shares of Ameresco in a research report on Tuesday, August 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus price target of $42.89.

Ameresco Trading Down 9.7%

The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $25.47 and a 200 day moving average of $27.99. The company has a market cap of $1.37 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 2.05 and a beta of 2.62.

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

Insider Transactions at Ameresco

In related news, Director Brian C. Cox acquired 39,700 shares of Ameresco stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $25.07 per share, with a total value of $995,279.00. Following the transaction, the director directly owned 39,700 shares in the company, valued at $995,279. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George P. Sakellaris acquired 1,000 shares of the stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $25.27 per share, with a total value of $25,270.00. Following the purchase, the chief executive officer directly owned 994,597 shares in the company, valued at $25,133,466.19. This represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 45,700 shares of company stock valued at $1,150,299 in the last quarter. 45.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of Ameresco during the fourth quarter valued at about $27,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the 4th quarter valued at about $48,000. Tower Research Capital LLC TRC increased its position in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Ameresco in the 4th quarter valued at about $55,000. 99.24% of the stock is currently 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.