Ameresco (NYSE:AMRC) Shares Gap Up After Analyst Upgrade

Ameresco, Inc. (NYSE:AMRC) shares gapped up prior to trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from $59.00 to $62.00. The stock had previously closed at $22.73, but opened at $31.93. Canaccord Genuity Group currently has a buy rating on the stock. Ameresco shares last traded at $29.3130, with a volume of 660,405 shares traded.

Several other brokerages also recently commented on AMRC. Cantor Fitzgerald upped their price target on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Zacks Research upgraded shares of Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Guggenheim assumed coverage on shares of Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating on the stock. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Tuesday. Finally, Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and a consensus target price of $42.89.

Insider Activity at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the transaction, the director owned 25,232 shares in the company, valued at $911,379.84. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer L. Miller sold 10,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the completion of the transaction, the director directly owned 22,111 shares in the company, valued at approximately $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 26,355 shares of company stock valued at $852,270. Insiders own 45.10% of the company’s stock.

Key Stories Impacting Ameresco

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Revenue beat and record backlog: Second-quarter revenue rose 9.1% year over year to $515.5 million, exceeding the $465.2 million analyst consensus. Ameresco’s backlog increased 32% to a record level, supporting expectations for future project growth. Ameresco revenue beat and backlog article
• Positive Sentiment: Strong new business activity: Ameresco booked approximately $1.8 billion in new awards as electricity demand and energy-infrastructure investment remained strong. The awards improve visibility into the company’s future revenue pipeline. Reuters Ameresco awards article
• Positive Sentiment: Higher earnings outlook: Management issued fiscal 2026 EPS guidance of $1.15 to $1.35, above the prior analyst consensus of $1.09. Revenue guidance of $2.0 billion to $2.2 billion was maintained broadly in line with the $2.1 billion consensus. Ameresco second-quarter financial results
• Positive Sentiment: Analyst confidence improved: Canaccord Genuity raised its Ameresco price target from $59 to $62 and assigned a “Buy” rating, implying substantial potential upside from the current trading level. Benzinga analyst rating report
• Neutral Sentiment: Quarterly EPS met expectations: Adjusted earnings of $0.20 per share matched consensus estimates, but declined from $0.27 per share in the year-ago quarter. Zacks Ameresco earnings report

Hedge Funds Weigh In On Ameresco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in Ameresco during the fourth quarter valued at approximately $27,000. Fifth Third Bancorp bought a new stake in Ameresco in the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd bought a new stake in Ameresco in the fourth quarter worth approximately $48,000. Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Ameresco during the 4th quarter worth $55,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Stock Up 29.0%

The firm has a market cap of $1.55 billion, a P/E ratio of 50.54, a P/E/G ratio of 1.70 and a beta of 2.62. The business’s fifty day moving average price is $26.86 and its two-hundred day moving average price is $28.36. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts anticipate that Ameresco, Inc. will post 1.13 EPS for the current year.

About Ameresco

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.