Ameresco (NYSE:AMRC) Trading Down 10.2% – Here’s Why

Ameresco, Inc. (NYSE:AMRC)’s share price traded down 10.2% during trading on Tuesday . The company traded as low as $27.99 and last traded at $27.8470. 232,585 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 534,627 shares. The stock had previously closed at $31.02.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. B. Riley Financial boosted their price objective on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. William Blair raised shares of Ameresco to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings downgraded shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group boosted their price target on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.56.

Ameresco Stock Down 7.7%

The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average price of $27.19 and a 200-day moving average price of $30.43. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 49.54, a P/E/G ratio of 2.75 and a beta of 2.55.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The business had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities analysts forecast that Ameresco, Inc. will post 1.09 EPS for the current year.

Insider Activity

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This represents a 52.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 16,475 shares of company stock worth $559,298. Insiders own 44.96% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of Ameresco in the fourth quarter valued at $27,000. Fifth Third Bancorp purchased a new stake in Ameresco during the 1st quarter worth about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco in the 4th quarter valued at about $48,000. Tower Research Capital LLC TRC raised its stake 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 purchasing an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Ameresco in the 4th quarter valued at about $55,000. 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.