Ameresco (NYSE:AMRC) CEO George Sakellaris Buys 1,000 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris bought 1,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $25.27 per share, for a total transaction of $25,270.00. Following the transaction, the chief executive officer owned 994,597 shares of the company’s stock, valued at approximately $25,133,466.19. This trade represents a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ameresco Stock Up 2.9%

NYSE AMRC opened at $26.00 on Wednesday. The business has a fifty day moving average price of $25.68 and a 200 day moving average price of $28.12. 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 company has a market cap of $1.38 billion, a P/E ratio of 50.01, a P/E/G ratio of 1.85 and a beta of 2.62. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company 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 firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMRC shares. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday. Guggenheim assumed coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. UBS Group increased their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Ameresco during the 4th quarter worth approximately $27,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco in the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ameresco during the 4th quarter worth $48,000. Tower Research Capital LLC TRC lifted its position in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Ameresco during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.