Jennifer Miller Sells 10,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Jennifer 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 value of $322,700.00. Following the completion of the transaction, the director owned 22,111 shares in the company, valued at $713,521.97. This represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameresco Trading Down 6.5%

Shares of NYSE:AMRC traded down $2.01 during midday trading on Tuesday, hitting $29.01. The company had a trading volume of 925,437 shares, compared to its average volume of 569,596. Ameresco, Inc. has a 12 month low of $12.95 and a 12 month high of $44.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 2.58 and a beta of 2.55. The firm has a fifty day simple moving average of $27.26 and a 200 day simple moving average of $30.36.

Ameresco (NYSE:AMRC) last posted its earnings results 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). The business had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. On average, analysts predict that Ameresco, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new stake in Ameresco during the fourth quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ameresco in the 4th quarter valued at approximately $48,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco during the 1st quarter worth approximately $44,000. Summit Securities Group LLC bought a new position in Ameresco in the fourth quarter valued at approximately $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Ameresco during the third quarter valued at approximately $76,000. Institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMRC. William Blair upgraded Ameresco to a “hold” rating in a report on Tuesday, January 27th. Robert W. Baird dropped their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Zacks Research downgraded Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. UBS Group dropped their price target on Ameresco from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Finally, Canaccord Genuity Group boosted their price objective on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Ameresco currently has a consensus rating of “Hold” and an average target price of $42.56.

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.