Ameresco (NYSE:AMRC) Shares Down 8.5% – Should You Sell?

Ameresco, Inc. (NYSE:AMRC) traded down 8.5% during trading on Thursday . The stock traded as low as $23.29 and last traded at $23.1830. 133,900 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 573,768 shares. The stock had previously closed at $25.35.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. Guggenheim began coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. UBS Group increased 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. Finally, 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 note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and a consensus target price of $42.89.

Ameresco Stock Performance

The company has a market cap of $1.14 billion, a P/E ratio of 41.17, a PEG ratio of 1.63 and a beta of 2.62. The business’s 50 day simple moving average is $25.19 and its 200 day simple moving average is $27.78. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Sell-side analysts predict that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, Director Brian C. Cox acquired 39,700 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $25.07 per share, for a total transaction of $995,279.00. Following the completion of the transaction, the director directly owned 39,700 shares of the company’s stock, valued at approximately $995,279. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George P. Sakellaris purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $25.95 per share, for a total transaction of $129,750.00. Following the completion of the acquisition, the chief executive officer owned 993,597 shares in the company, valued at $25,783,842.15. This represents a 0.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 45,700 shares of company stock worth $1,150,299. 45.10% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in shares of Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after purchasing an additional 43,832 shares during the last quarter. Swedbank AB boosted its stake in Ameresco by 219.0% during the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock valued at $10,837,000 after buying an additional 254,000 shares during the last quarter. Royce & Associates LP grew its holdings in Ameresco by 10.7% during the 4th quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after buying an additional 102,782 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ameresco by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Ameresco by 7.5% in the 4th quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after acquiring an additional 45,506 shares during the last quarter. 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.