Ameresco (NYSE:AMRC) Director Francis Wisneski Jr Sells 10,000 Shares

Ameresco, Inc. (NYSE:AMRC) Director Francis Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director owned 25,232 shares in the company, valued at $764,277.28. The trade was a 28.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ameresco Price Performance

NYSE:AMRC opened at $29.51 on Thursday. The stock has a market capitalization of $1.56 billion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 2.41 and a beta of 2.55. The stock’s 50-day moving average price is $27.32 and its 200-day moving average price is $30.29. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. Ameresco, Inc. has a 52 week low of $12.95 and a 52 week high of $44.93.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The company had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same period in the prior year, the business posted ($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. As a group, equities analysts expect that Ameresco, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMRC. Zacks Research cut shares of Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. William Blair upgraded Ameresco to a “hold” rating in a research report on Tuesday, January 27th. UBS Group cut their target price on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their price target on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.56.

Institutional Trading of Ameresco

A number of large investors have recently made changes to their positions in the company. State of Wyoming acquired a new stake in Ameresco in the fourth quarter valued at $27,000. Fifth Third Bancorp acquired a new position in shares of Ameresco during the 1st quarter worth about $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco in the 4th quarter valued at about $48,000. Tower Research Capital LLC TRC increased its holdings in shares of Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Ameresco during the 4th quarter worth about $55,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.