Ameresco (NYSE:AMRC) Director Brian Cox Purchases 39,700 Shares

Ameresco, Inc. (NYSE:AMRC) Director Brian Cox acquired 39,700 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $25.07 per share, with a total value of $995,279.00. Following the acquisition, the director directly owned 39,700 shares of the company’s stock, valued at $995,279. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Ameresco Trading Up 2.9%

Shares of Ameresco stock opened at $26.00 on Wednesday. The firm has a 50-day simple moving average of $25.68 and a two-hundred day simple moving average 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. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The company has a market cap of $1.38 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 1.85 and a beta of 2.62.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $515.46 million for 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts predict that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Ameresco

Hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new position in Ameresco during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Ameresco in the 4th quarter valued at about $48,000. Fifth Third Bancorp acquired a new stake in Ameresco in the 1st quarter valued at about $44,000. Summit Securities Group LLC purchased a new position in Ameresco in the 4th quarter worth approximately $55,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Ameresco in the 4th quarter worth approximately $69,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.