Ameresco (NYSE:AMRC) Director Jennifer Miller Sells 10,000 Shares

Ameresco, Inc. (NYSE:AMRC) Director Jennifer Miller sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director directly owned 22,111 shares of the company’s stock, valued at $713,521.97. This trade represents a 31.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Price Performance

Ameresco stock traded down $2.01 during mid-day trading on Tuesday, reaching $29.01. The company had a trading volume of 925,437 shares, compared to its average volume of 569,596. Ameresco, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $44.93. 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 company has a market cap of $1.54 billion, a P/E ratio of 50.01, a P/E/G ratio of 2.58 and a beta of 2.55. The business has a fifty day simple moving average of $27.26 and a 200 day simple moving average of $30.36.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS 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 the consensus estimate of $362.92 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, equities research analysts predict that Ameresco, Inc. will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On Ameresco

Several large investors have recently added to or reduced their stakes in AMRC. State of Wyoming bought a new stake in Ameresco during the 4th quarter worth approximately $27,000. Fifth Third Bancorp purchased a new stake in Ameresco in the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new position in Ameresco during the 4th quarter worth $48,000. Tower Research Capital LLC TRC boosted its holdings in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Ameresco in the 4th quarter worth $55,000. Institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMRC. Robert W. Baird cut their target price 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. Canaccord Genuity Group upped their target price on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. William Blair raised shares of Ameresco to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings downgraded Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Finally, 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. 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, the stock has an average rating of “Hold” and a consensus price target of $42.56.

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.