Ameresco (NYSE:AMRC) Upgraded at Jefferies Financial Group

Ameresco (NYSE:AMRC) was upgraded by investment analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Zacks Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Guggenheim began coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating on the stock. Finally, Canaccord Genuity Group lifted their price objective on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.89.

Ameresco Trading Up 4.4%

NYSE AMRC opened at $22.77 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The stock’s 50-day simple moving average is $24.14 and its two-hundred day simple moving average is $27.16. Ameresco has a twelve month low of $18.38 and a twelve month high of $44.93. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 1.63 and a beta of 2.63.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $515.46 million for 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 company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Research analysts forecast that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Transactions at Ameresco

In other news, Director Brian Cox bought 39,700 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $25.07 per share, with a total value of $995,279.00. Following the transaction, the director owned 39,700 shares of the company’s stock, valued at approximately $995,279. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Sakellaris bought 5,000 shares of the stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $20.91 per share, with a total value of $104,550.00. Following the purchase, the chief executive officer owned 1,000,597 shares in the company, valued at $20,922,483.27. This trade represents a 0.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 75,025 shares of company stock worth $1,778,963 over the last quarter. Insiders own 45.10% of the company’s stock.

Hedge Funds Weigh In On Ameresco

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