Ameresco (NYSE:AMRC) Upgraded at William Blair

William Blair upgraded shares of Ameresco (NYSE:AMRC) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. B. Riley increased their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cantor Fitzgerald began coverage on Ameresco in a research report on Friday, January 23rd. They set an “overweight” rating and a $41.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. BNP Paribas Exane raised shares of Ameresco to a “hold” rating in a report on Tuesday, October 21st. Finally, Stifel Nicolaus increased their price objective on shares of Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Ameresco Stock Performance

Shares of NYSE AMRC opened at $32.35 on Tuesday. The company’s fifty day moving average price is $31.60 and its 200 day moving average price is $30.05. Ameresco has a 1 year low of $8.49 and a 1 year high of $44.93. The company has a market capitalization of $1.71 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.16 and a beta of 2.50. 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 (NYSE:AMRC) last released its quarterly earnings data 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 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%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts predict that Ameresco will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its position in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after acquiring an additional 2,981,689 shares during the last quarter. First Trust Advisors LP lifted its stake in Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after purchasing an additional 1,683,326 shares in the last quarter. Royce & Associates LP lifted its stake in Ameresco by 197.6% in the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after purchasing an additional 640,106 shares in the last quarter. Granahan Investment Management LLC boosted its holdings in shares of Ameresco by 108.4% during the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after purchasing an additional 462,875 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Ameresco by 91.6% in the third quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock valued at $20,327,000 after purchasing an additional 289,381 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.