Traders Purchase Large Volume of Ameresco Call Options (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 2,042 call options on the stock. This is an increase of 953% compared to the typical daily volume of 194 call options.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in shares of Ameresco in the third quarter worth $50,000. Tower Research Capital LLC TRC grew its position in 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 buying an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Ameresco in the 3rd quarter worth about $76,000. Nkcfo LLC purchased a new stake in shares of Ameresco in the 3rd quarter valued at about $107,000. Finally, Cetera Trust Company N.A raised its holdings in shares of Ameresco by 35.5% in the 2nd quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 2,415 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Ameresco stock opened at $31.86 on Thursday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 26.77, a PEG ratio of 1.04 and a beta of 2.50. Ameresco has a one year low of $8.49 and a one year high of $44.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50. The business has a fifty day moving average price of $31.43 and a 200-day moving average price of $29.48.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. The business 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%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities research analysts forecast that Ameresco will post 1.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMRC. BNP Paribas Exane upgraded Ameresco to a “hold” rating in a report on Tuesday, October 21st. Roth Mkm restated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. UBS Group lifted their price objective on shares of Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their price target on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.44.

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.