Ameresco (NYSE:AMRC) Shares Down 4.2% – Here’s Why

Shares of Ameresco, Inc. (NYSE:AMRC) fell 4.2% on Wednesday. The company traded as low as $19.22 and last traded at $19.0830. Approximately 27,665 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 589,841 shares. The stock had previously closed at $19.92.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Robert W. Baird downgraded shares of Ameresco from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $32.00 in a research note on Tuesday, August 18th. BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.89.

Ameresco Trading Up 3.5%

The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $21.57 and a two-hundred day simple moving average of $26.56. The firm has a market capitalization of $1.12 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.51 and a beta of 2.62.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities research analysts anticipate that Ameresco, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Joseph Sutton purchased 9,700 shares of Ameresco stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the acquisition, the director owned 80,246 shares in the company, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer Miller purchased 2,000 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $20.96 per share, with a total value of $41,920.00. Following the transaction, the director directly owned 34,546 shares in the company, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 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 hedge funds and other institutional investors have recently bought and sold shares of the stock. KBC Group NV lifted its position in shares of Ameresco by 0.9% during the first quarter. KBC Group NV now owns 97,905 shares of the utilities provider’s stock valued at $2,497,000 after buying an additional 891 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Ameresco by 7.4% in 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 last quarter. Farther Finance Advisors LLC raised its stake 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 worth $26,000 after acquiring an additional 1,037 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Ameresco during the 1st quarter worth approximately $44,000. Finally, Optiver Holding B.V. raised its stake in shares of Ameresco by 550.8% during the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 2,005 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.