Ameresco (NYSE:AMRC) Downgraded by Zacks Research to “Strong Sell”

Ameresco (NYSE:AMRC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald cut their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a research note on Tuesday, August 4th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group upped their price objective on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ameresco has an average rating of “Hold” and an average target price of $41.89.

Ameresco Trading Up 0.0%

NYSE:AMRC opened at $20.90 on Monday. The stock’s 50 day moving average price is $23.17 and its 200 day moving average price is $25.84. Ameresco has a 52 week low of $18.38 and a 52 week high of $44.59. The company has a market capitalization of $1.11 billion, a P/E ratio of 40.19, a P/E/G ratio of 1.56 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $515.46 million for 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 for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts forecast that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Sutton acquired 9,700 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director owned 80,246 shares of the company’s stock, valued at approximately $1,674,734.02. The trade was a 13.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Sakellaris bought 5,000 shares of Ameresco stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of $20.91 per share, with a total value of $104,550.00. Following the completion of the acquisition, the chief executive officer owned 1,000,597 shares in the company, valued at approximately $20,922,483.27. The trade was a 0.50% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 75,025 shares of company stock worth $1,778,963. Insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after purchasing an additional 167,068 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Ameresco by 5.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after buying an additional 42,826 shares during the period. Swedbank AB boosted its holdings in shares of Ameresco by 74.3% during the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after buying an additional 275,000 shares during the period. Empowered Funds LLC boosted its holdings in shares of Ameresco by 8.5% during the 1st quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider’s stock worth $5,754,000 after buying an additional 17,696 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Ameresco by 64.7% during the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after buying an additional 49,279 shares during the period. Institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco’s services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.