Ameresco, Inc. (NYSE:AMRC) Receives Average Recommendation of “Hold” from Analysts

Ameresco, Inc. (NYSE:AMRC) has been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.5556.

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Robert W. Baird decreased their price objective on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Guggenheim assumed coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. Finally, B. Riley Financial raised their price target on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th.

Ameresco Trading Up 4.4%

AMRC opened at $28.48 on Friday. Ameresco has a twelve month low of $14.08 and a twelve month high of $44.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The company has a fifty day moving average of $29.43 and a 200-day moving average of $29.82. The stock has a market cap of $1.51 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.25 and a beta of 2.58.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same quarter last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, sell-side analysts predict that Ameresco will post 1.1 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares in the company, valued at approximately $479,774. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the sale, the director owned 22,111 shares of the company’s stock, valued at $713,521.97. The trade was a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 26,355 shares of company stock worth $852,270. 45.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

Large investors have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in Ameresco by 197.6% in the third 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 during the period. Legal & General Group Plc grew its holdings in Ameresco by 10.3% in the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock worth $13,695,000 after purchasing an additional 43,832 shares during the period. Swedbank AB grew its holdings in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after purchasing an additional 254,000 shares during the period. Erste Asset Management GmbH grew its holdings in Ameresco by 41.2% in the third quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider’s stock worth $5,261,000 after purchasing an additional 44,949 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Ameresco by 7.5% in the fourth quarter. Handelsbanken Fonder AB now owns 650,836 shares of the utilities provider’s stock worth $19,063,000 after purchasing an additional 45,506 shares during the period. 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.