Ameresco, Inc. $AMRC Position Cut by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc lowered its position in shares of Ameresco, Inc. (NYSE:AMRC) by 7.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,845 shares of the utilities provider’s stock after selling 1,158 shares during the period. Guinness Atkinson Asset Management Inc’s holdings in Ameresco were worth $225,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in Ameresco during the 1st quarter valued at about $1,043,000. Allspring Global Investments Holdings LLC increased its stake in shares of Ameresco by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 5,949 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Ameresco by 78.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 330,355 shares of the utilities provider’s stock valued at $4,043,000 after buying an additional 145,420 shares during the last quarter. Rock Point Advisors LLC raised its holdings in shares of Ameresco by 97.7% during the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider’s stock valued at $6,245,000 after buying an additional 255,538 shares during the last quarter. Finally, Alps Advisors Inc. boosted its position in shares of Ameresco by 2.2% during the first quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider’s stock worth $607,000 after buying an additional 1,060 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMRC. BNP Paribas cut Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Tuesday, October 21st. Baird R W raised Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Jefferies Financial Group upgraded shares of Ameresco from a “hold” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $39.00 in a research note on Thursday, September 25th. Robert W. Baird upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and increased their target price for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.

Ameresco Trading Up 7.1%

Shares of AMRC stock opened at $42.47 on Monday. The stock has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $21.01. The stock has a market capitalization of $2.23 billion, a P/E ratio of 36.30, a P/E/G ratio of 2.07 and a beta of 2.33. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The firm had revenue of $472.28 million for the quarter, compared to analysts’ expectations of $415.30 million. During the same period in the previous year, the business earned $0.10 earnings per share. Ameresco’s revenue for the quarter was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.