Cantor Fitzgerald Upgrades Ameresco (NYSE:AMRC) to “Strong-Buy”

Ameresco (NYSE:AMRC) was upgraded by equities researchers at Cantor Fitzgerald to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other analysts have also weighed in on AMRC. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the company a “buy” rating in a research note on Tuesday, November 4th. BNP Paribas Exane raised shares of Ameresco to a “hold” rating in a report on Tuesday, October 21st. Stifel Nicolaus raised their price target on shares of Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Roth Mkm reiterated a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Finally, B. Riley increased their price objective on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.80.

Ameresco Stock Performance

NYSE AMRC opened at $32.51 on Friday. The firm’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $29.62. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 1.10 and a beta of 2.50. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57. Ameresco has a 1 year low of $8.49 and a 1 year high of $44.93.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. The firm had revenue of $525.99 million during 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 company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, research analysts expect that Ameresco will post 1.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in Ameresco during the 3rd quarter worth approximately $50,000. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 1,754 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ameresco during the third quarter worth $76,000. Nkcfo LLC bought a new stake in shares of Ameresco in the third quarter worth $107,000. Finally, Cetera Trust Company N.A increased its holdings in 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 purchasing an additional 2,415 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

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.