Ameresco (NYSE:AMRC) Trading Up 11.5% – Here’s Why

Ameresco, Inc. (NYSE:AMRC)’s share price traded up 11.5% during trading on Tuesday . The company traded as high as $36.30 and last traded at $35.43. 306,073 shares were traded during mid-day trading, a decline of 43% from the average session volume of 538,863 shares. The stock had previously closed at $31.77.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMRC. Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Robert W. Baird reduced their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. William Blair upgraded shares of Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Guggenheim began coverage on shares of Ameresco in a research note on Friday. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $38.00 price objective (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.56.

Ameresco Stock Up 11.9%

The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $30.14. The company has a market cap of $1.88 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 2.62 and a beta of 2.55.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The company had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, research analysts expect that Ameresco, Inc. will post 1.1 EPS for the current year.

Insider Transactions at Ameresco

In other news, Director Francis V. Wisneski, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director owned 25,232 shares in the company, valued at $764,277.28. This represents a 28.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the transaction, the director directly owned 22,111 shares in the company, valued at $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,730 shares of company stock worth $681,213 in the last quarter. 44.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. State of Wyoming purchased a new stake in shares of Ameresco during the fourth quarter valued at approximately $27,000. Fifth Third Bancorp purchased a new position in Ameresco in the first quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new position in Ameresco in the 4th quarter valued at $48,000. Tower Research Capital LLC TRC grew its stake in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of Ameresco during the 4th quarter valued at $55,000. 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.