Ameresco (NYSE:AMRC) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Ameresco (NYSE:AMRC) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks reports.

Several other equities research analysts also recently weighed in on the company. Canaccord Genuity Group increased their price objective on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday. Guggenheim started coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating on the stock. Finally, Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ameresco has an average rating of “Moderate Buy” and an average target price of $41.89.

Ameresco Stock Up 4.4%

AMRC opened at $22.77 on Wednesday. The business’s 50-day simple moving average is $24.14 and its 200-day simple moving average is $27.16. 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 has a one year low of $18.38 and a one year high of $44.93. The stock has a market capitalization of $1.21 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 1.63 and a beta of 2.63.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts anticipate that Ameresco will post 1.22 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, CEO George P. Sakellaris purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the completion of the purchase, the chief executive officer directly owned 1,000,597 shares in the company, valued at $20,922,483.27. This represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Sutton bought 9,700 shares of the stock in a transaction on Monday, August 24th. The shares were bought at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the transaction, the director directly owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 75,025 shares of company stock worth $1,778,963. Company insiders own 45.10% of the company’s stock.

Institutional Trading of Ameresco

Several large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of Ameresco by 3,311.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider’s stock worth $28,158,000 after purchasing an additional 990,328 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Ameresco during the second quarter worth $2,657,000. Northside Capital Management LLC acquired a new position in shares of Ameresco in the second quarter worth $207,000. Handelsbanken Fonder AB raised its holdings in shares of Ameresco by 5.3% in the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after acquiring an additional 42,826 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in shares of Ameresco by 550.8% in the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 2,005 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.