Ameresco (NYSE:AMRC) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Ameresco (NYSE:AMRC) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Guggenheim began coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. Canaccord Genuity Group raised their price objective on Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and upped their target price for the company from $34.00 to $40.00 in a research report on Tuesday. Weiss Ratings cut Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Finally, Robert W. Baird cut their target price on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Ameresco Stock Performance

NYSE:AMRC opened at $25.69 on Tuesday. The firm has a market capitalization of $1.36 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 2.04 and a beta of 2.62. The business’s fifty day moving average price is $26.49 and its 200 day moving average price is $28.31. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.97% and a net margin of 1.40%.Ameresco’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, sell-side analysts anticipate that Ameresco will post 1.24 earnings per share for the current fiscal year.

Insider Activity at Ameresco

In other Ameresco news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the sale, the director owned 25,232 shares of the company’s stock, valued at approximately $911,379.84. This trade represents a 16.54% decrease 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, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $32.27, for a total transaction of $322,700.00. Following the sale, the director directly owned 22,111 shares in the company, valued at approximately $713,521.97. This represents a 31.14% 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. Insiders sold a total of 26,355 shares of company stock worth $852,270 over the last 90 days. Company insiders own 45.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $27,000. Fifth Third Bancorp purchased a new stake in shares of Ameresco in the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in Ameresco during the 4th quarter worth about $48,000. Tower Research Capital LLC TRC lifted its holdings in 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 purchasing an additional 1,754 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Ameresco during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

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.