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Ameresco (NASDAQ:AMRC) Director Francis V. Wisneski, Jr. acquired 3,000 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The stock was purchased at an average price of $7.75 per share, for a total transaction of $23,250.00. Following the completion of the purchase, the director now directly owns 52,535 shares in the company, valued at approximately $407,146. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Ameresco (NASDAQ:AMRC) traded up 2.52% during mid-day trading on Friday, hitting $8.14. The stock had a trading volume of 37,618 shares. Ameresco has a 52 week low of $5.59 and a 52 week high of $10.88. The stock has a 50-day moving average of $7.07 and a 200-day moving average of $7.71. The company has a market cap of $377.2 million and a price-to-earnings ratio of 882.22.

Ameresco (NASDAQ:AMRC) last announced its earnings results on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.09. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $122.10 million. During the same quarter last year, the company posted ($0.04) earnings per share. Ameresco’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Ameresco will post $0.20 earnings per share for the current fiscal year.

Separately, analysts at Canaccord Genuity raised their price target on shares of Ameresco from $8.00 to $9.00 in a research note on Friday, August 1st.

Ameresco, Inc, is a provider of energy efficiency solutions for facilities throughout North America. The Company’s services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants.

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