Ameresco, Inc. (NYSE:AMRC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ameresco, Inc. (NYSE:AMRC) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.70.

A number of analysts have recently weighed in on the stock. B. Riley upped their price target on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. BNP Paribas Exane restated a “neutral” rating and set a $40.00 price objective on shares of Ameresco in a research report on Tuesday, October 21st. Baird R W raised Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a research note on Monday.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its stake in Ameresco by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock valued at $10,319,000 after purchasing an additional 84,960 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Ameresco by 68.0% during the first quarter. Inspire Investing LLC now owns 28,688 shares of the utilities provider’s stock worth $347,000 after buying an additional 11,611 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after buying an additional 1,683,326 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Ameresco by 5.2% in the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider’s stock valued at $426,000 after acquiring an additional 1,730 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its holdings in shares of Ameresco by 3,822.9% during the 1st quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider’s stock valued at $5,031,000 after acquiring an additional 405,879 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

Ameresco Stock Performance

AMRC opened at $30.34 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco has a 52-week low of $8.49 and a 52-week high of $44.93. The firm has a market cap of $1.60 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.47 and a beta of 2.51. The business’s fifty day moving average is $34.38 and its 200-day moving average is $27.42.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. The business had revenue of $525.99 million during the quarter, compared to analysts’ expectations of $518.41 million. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. Ameresco’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts expect that Ameresco will post 1.15 EPS for the current fiscal 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.