Wall Street Zen Downgrades Ameresco (NYSE:AMRC) to Sell

Ameresco (NYSE:AMRC) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Jefferies Financial Group set a $45.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a research report on Tuesday, November 4th. BNP Paribas downgraded shares of Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Tuesday, October 21st. Finally, UBS Group lifted their price target on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.70.

Ameresco Price Performance

Ameresco stock opened at $30.25 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57. The company has a fifty day simple moving average of $32.17 and a 200-day simple moving average of $28.50. The stock has a market cap of $1.60 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 0.98 and a beta of 2.50. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93.

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

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ameresco by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares during the period. Swiss National Bank lifted its stake in shares of Ameresco by 1.6% in the 3rd quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after acquiring an additional 1,000 shares during the period. Creative Planning boosted its holdings in shares of Ameresco by 10.7% in the third quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,070 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Ameresco during the third quarter worth about $50,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Ameresco by 99.4% during the second 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 period. 99.24% of the stock is owned by hedge funds and other institutional investors.

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.