Ameresco (NYSE:AMRC) Shares Up 11.5% – What’s Next?

Ameresco, Inc. (NYSE:AMRC)’s stock price was up 11.5% on Tuesday . The company traded as high as $36.30 and last traded at $35.43. Approximately 306,073 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 538,863 shares. The stock had previously closed at $31.77.

Analyst Upgrades and Downgrades

AMRC has been the subject of several research reports. Cantor Fitzgerald increased their price target on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Robert W. Baird dropped their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $42.56.

Ameresco Trading Up 11.9%

The stock has a market capitalization of $1.88 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 2.62 and a beta of 2.55. The stock’s fifty day moving average price is $27.63 and its two-hundred day moving average price is $30.14. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. During the same period in the prior year, the business posted ($0.11) EPS. Ameresco’s revenue for the quarter was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of Ameresco 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 transaction, the director directly owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director owned 25,232 shares of the company’s stock, valued at $764,277.28. The trade was a 28.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,730 shares of company stock worth $681,213 in the last ninety days. 44.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in Ameresco in the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ameresco in the fourth quarter worth about $48,000. Fifth Third Bancorp purchased a new position in Ameresco during the 1st quarter valued at about $44,000. Summit Securities Group LLC purchased a new stake in Ameresco in the 4th quarter worth approximately $55,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ameresco during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.