Ameresco (NYSE:AMRC) Trading 13.5% Higher – What’s Next?

Ameresco, Inc. (NYSE:AMRC) was up 13.5% on Thursday . The company traded as high as $33.06 and last traded at $32.88. Approximately 503,723 shares traded hands during trading, a decline of 3% from the average daily volume of 517,600 shares. The stock had previously closed at $28.98.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMRC shares. William Blair upgraded Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings downgraded Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Canaccord Genuity Group upped their price objective on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group cut their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Ameresco has a consensus rating of “Hold” and a consensus target price of $42.11.

Ameresco Trading Up 15.4%

The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. The company has a 50 day simple moving average of $26.90 and a 200 day simple moving average of $30.63. The company has a market capitalization of $1.77 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 2.43 and a beta of 2.55.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The firm had revenue of $401.46 million for the quarter, compared to analysts’ expectations of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Analysts anticipate that Ameresco, Inc. will post 1.09 earnings per share for the current year.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This represents a 52.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 16,720 shares of company stock worth $567,640. 44.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock valued at $36,711,000 after purchasing an additional 167,068 shares during the last quarter. KBC Group NV boosted its stake in Ameresco by 0.9% during the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock worth $2,497,000 after buying an additional 891 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in Ameresco by 182.0% in the 1st quarter. SteelPeak Wealth LLC now owns 29,816 shares of the utilities provider’s stock valued at $760,000 after buying an additional 19,243 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Ameresco by 11.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,460 shares of the utilities provider’s stock valued at $480,000 after buying an additional 2,057 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Ameresco in the 1st quarter worth $44,000. 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.