Ameresco (NYSE:AMRC) Trading Up 13.5% – Time to Buy?

Ameresco, Inc. (NYSE:AMRC)’s share price rose 13.5% during mid-day trading on Thursday . The stock traded as high as $33.06 and last traded at $32.88. Approximately 503,723 shares traded hands during trading, a decline of 3% from the average daily volume of 517,600 shares. The stock had previously closed at $28.98.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Robert W. Baird reduced their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. B. Riley Financial upped their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Ameresco in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $38.00 target price (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.11.

Ameresco Trading Up 15.4%

The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The business has a 50-day simple moving average of $26.90 and a 200-day simple moving average of $30.63. The company has a market cap of $1.77 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 2.43 and a beta of 2.55.

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

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the sale, the director directly owned 14,111 shares in the company, valued at $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 is available through this link. Over the last quarter, insiders have sold 16,720 shares of company stock worth $567,640. 44.96% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently made changes to their positions in AMRC. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ameresco by 318.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider’s stock worth $3,620,000 after purchasing an additional 82,015 shares during the last quarter. Royce & Associates LP lifted its stake in Ameresco by 197.6% during the third quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after purchasing an additional 640,106 shares during the last quarter. Erste Asset Management GmbH increased its stake in Ameresco by 41.2% in the third quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock valued at $5,261,000 after purchasing an additional 44,949 shares during the last quarter. Swedbank AB raised its holdings in Ameresco by 219.0% during the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares in the last quarter. Finally, Portolan Capital Management LLC purchased a new stake in shares of Ameresco during the 3rd quarter worth approximately $5,873,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.