Ameresco (NYSE:AMRC) Stock Price Down 10.2% – Time to Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMRC shares. Robert W. Baird decreased their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. UBS Group decreased their price target on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. B. Riley Financial raised their price objective on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Canaccord Genuity Group upped their target price on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Seven 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 company’s stock. According to data from MarketBeat.com, Ameresco presently has a consensus rating of “Hold” and an average price target of $42.56.

Ameresco Stock Down 7.7%

The company has a market capitalization of $1.52 billion, a PE ratio of 49.54, a P/E/G ratio of 2.75 and a beta of 2.55. 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 simple moving average of $27.19 and a two-hundred day simple moving average of $30.43.

Ameresco (NYSE:AMRC) last issued its quarterly 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). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same period in the prior year, the business earned ($0.11) earnings per share. Ameresco’s revenue for the quarter was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Research analysts expect that Ameresco, Inc. will post 1.09 EPS for the current year.

Insider Activity at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction dated Friday, February 20th. The shares were 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 $481,890.65. The trade was a 52.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 16,475 shares of company stock valued at $559,298. 44.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently added to or reduced their stakes in AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ameresco by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock worth $1,159,000 after purchasing an additional 799 shares during the period. KBC Group NV lifted its holdings in shares of Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after buying an additional 891 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Ameresco by 2.3% in the fourth quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock valued at $1,191,000 after buying an additional 917 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ameresco in the fourth quarter valued at approximately $27,000. Finally, Kuhn & Co Investment Counsel grew its holdings in Ameresco by 4.6% during the fourth quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock worth $663,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds 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.