Ameresco, Inc. (NYSE:AMRC) Given Consensus Recommendation of “Hold” by Brokerages

Ameresco, Inc. (NYSE:AMRC) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $42.5556.

Several equities analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. B. Riley Financial boosted their target price on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Canaccord Genuity Group boosted their target price on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Guggenheim initiated coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating for the company.

Insiders Place Their Bets

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $36.12, for a total transaction of $180,600.00. Following the sale, the director owned 25,232 shares of the company’s stock, valued at approximately $911,379.84. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nickolas Stavropoulos sold 1,355 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director directly owned 14,111 shares in the company, valued at approximately $479,774. The trade was a 8.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 26,355 shares of company stock valued at $852,270. 45.10% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

A number of hedge funds and other institutional investors have recently modified their holdings of AMRC. State of Wyoming bought a new stake in shares of Ameresco during the fourth quarter worth $27,000. Fifth Third Bancorp bought a new stake in shares of Ameresco during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ameresco during the fourth quarter worth $48,000. Tower Research Capital LLC TRC grew its stake in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Ameresco during the fourth quarter worth $55,000. Institutional investors own 99.24% of the company’s stock.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $27.79 on Friday. The firm has a 50 day moving average of $29.59 and a 200-day moving average of $29.68. The stock has a market capitalization of $1.47 billion, a PE ratio of 47.91, a PEG ratio of 2.39 and a beta of 2.58. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. Ameresco has a 12 month low of $14.43 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last issued its 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 during the quarter, compared to analyst estimates of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco’s quarterly revenue 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. On average, equities research analysts predict that Ameresco will post 1.1 EPS for the current fiscal year.

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.