Ameresco (NYSE:AMRC) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Ameresco (NYSE:AMRC) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on AMRC. Jefferies Financial Group raised Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Robert W. Baird reiterated a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Cantor Fitzgerald dropped their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Finally, Zacks Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $41.89.

Ameresco Stock Up 0.3%

NYSE:AMRC opened at $23.77 on Friday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 1.77 and a beta of 2.63. 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’s fifty day moving average price is $23.51 and its two-hundred day moving average price is $26.47. Ameresco has a 52-week low of $18.38 and a 52-week high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same period last year, the firm earned $0.27 EPS. The business’s revenue for the quarter 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 anticipate that Ameresco will post 1.22 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian Cox bought 39,700 shares of Ameresco stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the acquisition, the director owned 39,700 shares in the company, valued at approximately $995,279. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jennifer Miller bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $20.96 per share, with a total value of $41,920.00. Following the completion of the transaction, the director directly owned 34,546 shares in the company, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 75,025 shares of company stock worth $1,778,963. Corporate insiders own 45.10% of the company’s stock.

Institutional Investors Weigh In On Ameresco

Several large investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in Ameresco in the first quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ameresco in the 4th quarter valued at $48,000. Optiver Holding B.V. raised its stake in Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after buying an additional 2,005 shares during the period. Northside Capital Management LLC acquired a new stake in Ameresco during the 2nd quarter worth $207,000. Finally, Entropy Technologies LP bought a new position in Ameresco during the first quarter worth about $216,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.