George Sakellaris Purchases 1,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 1,000 shares of Ameresco stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $21.92 per share, with a total value of $21,920.00. Following the completion of the transaction, the chief executive officer directly owned 1,006,597 shares in the company, valued at approximately $22,064,606.24. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Ameresco Trading Down 3.7%

Ameresco stock opened at $22.06 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 42.42, a PEG ratio of 1.68 and a beta of 2.62. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93. The firm’s fifty day moving average price is $24.60 and its 200-day moving average price is $27.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts forecast that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMRC. Robert W. Baird reiterated a “neutral” rating and set a $32.00 price target (down from $36.00) on shares of Ameresco in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Canaccord Genuity Group lifted their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $40.00 in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ameresco has a consensus rating of “Moderate Buy” and an average target price of $41.89.

Institutional Investors Weigh In On Ameresco

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Ameresco during the 1st quarter valued at about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ameresco by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after buying an additional 884 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ameresco by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares during the last quarter. Empowered Funds LLC bought a new stake in Ameresco in the first quarter worth $1,187,000. Finally, Creative Planning purchased a new stake in Ameresco during the 2nd quarter valued at about $153,000. Institutional investors own 99.24% of the company’s stock.

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.