Ameresco (NYSE:AMRC) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Ameresco (NYSE:AMRC) in a report published on Friday morning, MarketBeat reports. The brokerage issued an overweight rating and a $41.00 target price on the utilities provider’s stock.

AMRC has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a report on Monday, December 29th. Jefferies Financial Group set a $45.00 price target on Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. Stifel Nicolaus lifted their price objective on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. UBS Group increased their price objective on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane upgraded shares of Ameresco to a “hold” rating in a research note on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.80.

Ameresco Stock Performance

Shares of AMRC opened at $32.51 on Friday. The company has a market cap of $1.72 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.09 and a beta of 2.50. The firm has a 50-day moving average of $31.46 and a 200-day moving average of $29.81. 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.

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

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC acquired a new stake in Ameresco in the 3rd quarter worth about $50,000. Tower Research Capital LLC TRC grew its position 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ameresco during the third quarter worth approximately $76,000. Nkcfo LLC acquired a new stake in shares of Ameresco in the third quarter valued at approximately $107,000. Finally, Cetera Trust Company N.A raised its position in shares of Ameresco by 35.5% in the second quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock valued at $140,000 after buying an additional 2,415 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.