Zacks Research Upgrades Ameresco (NYSE:AMRC) to “Strong-Buy”

Ameresco (NYSE:AMRC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

A number of other analysts have also recently commented on AMRC. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ameresco in a research report on Tuesday, November 3rd. Canaccord Genuity Group cut their target price on shares of Ameresco from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and upped their target price for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Stifel Nicolaus reduced their target price on shares of Ameresco from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.71.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $26.57 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.66 and a current ratio of 1.65. The business’s fifty day moving average price is $21.65 and its two-hundred day moving average price is $26.14. The stock has a market cap of $1.41 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.93 and a beta of 2.50. Ameresco has a one year low of $18.09 and a one year high of $37.14.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, November 9th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.31. Ameresco had a return on equity of 4.68% and a net margin of 2.01%. The company had revenue of $580.32 million during the quarter, compared to analysts’ expectations of $572.89 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts forecast that Ameresco will post 1.30 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph W. Sutton acquired 9,700 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director directly owned 80,246 shares in the company, valued at $1,674,734.02. The trade was a 13.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian C. Cox acquired 4,625 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were bought at an average price of $21.64 per share, for a total transaction of $100,085.00. Following the completion of the acquisition, the director owned 44,325 shares in the company, valued at approximately $959,193. This trade represents a 11.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 29,325 shares of company stock valued at $628,664. 45.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ameresco

Several hedge funds have recently modified their holdings of AMRC. Allspring Global Investments Holdings LLC grew its holdings in Ameresco by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,868 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 832 shares during the period. KBC Group NV raised its stake in Ameresco by 0.9% during the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock worth $2,497,000 after purchasing an additional 891 shares during the period. NorthCrest Asset Manangement LLC raised its stake in Ameresco by 7.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 940 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Ameresco by 458.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after buying an additional 1,037 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Ameresco during the 1st quarter worth $44,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Ameresco

Here are a few of the latest headlines about AMRC:

• Positive Sentiment: Ameresco raised its 2026 adjusted EPS guidance to $1.85–$1.95, above the prior consensus estimate of $1.23. It forecast full-year revenue of $2.1 billion–$2.2 billion, broadly in line with consensus. Ameresco earnings guidance
• Neutral Sentiment: Ameresco expects to take 12–18 months to convert five data-center projects into contracted backlog, offering potential upside but not yet representing secured work. Data-center project timeline
• Negative Sentiment: Q4 revenue guidance of $625 million–$650 million has a midpoint slightly below the $639.2 million consensus estimate, and Stifel and Canaccord each lowered their price targets by $1 while retaining Buy ratings.

About Ameresco

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.