Ameresco (NYSE:AMRC) Stock Jumps 11.6% – Still a Buy?

Ameresco, Inc. (NYSE:AMRC) shot up 11.6% during mid-day trading on Tuesday. The stock traded as high as $20.37 and last traded at $20.4450. Approximately 398,667 shares were traded during trading, a decline of 33% from the average session volume of 591,113 shares. The stock had previously closed at $18.32.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMRC. Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings upgraded Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Robert W. Baird reissued 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. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald decreased their price objective on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.89.

Ameresco Trading Up 11.6%

The firm has a market capitalization of $1.09 billion, a PE ratio of 39.33, a PEG ratio of 1.38 and a beta of 2.62. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $26.70. 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 issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same period last year, the firm posted $0.27 EPS. Ameresco’s revenue for the quarter was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts expect that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In related news, Director Jennifer L. Miller bought 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the purchase, the director directly owned 34,546 shares in the company, valued at approximately $724,084.16. The trade was a 6.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George P. Sakellaris acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of $22.13 per share, for a total transaction of $66,390.00. Following the completion of the purchase, the chief executive officer owned 1,013,597 shares of the company’s stock, valued at approximately $22,430,901.61. This represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 75,025 shares of company stock worth $1,778,963 over the last three months. 45.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV boosted its holdings in shares of Ameresco by 0.9% in the 1st quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock worth $2,497,000 after acquiring an additional 891 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Ameresco by 7.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider’s stock worth $288,000 after buying an additional 940 shares during the period. Farther Finance Advisors LLC raised its position in shares of Ameresco by 458.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,037 shares during the last quarter. Fifth Third Bancorp bought a new position in Ameresco during the first quarter worth about $44,000. Finally, Optiver Holding B.V. grew its holdings in Ameresco by 550.8% during the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 2,005 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.