Ameresco (NYSE:AMRC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ameresco (NYSE:AMRC) from a sell rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.

Several other research analysts have also recently issued reports on the stock. BNP Paribas Exane upgraded shares of 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 report on Tuesday, August 4th. Cantor Fitzgerald cut their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Zacks Research cut shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Robert W. Baird restated a “neutral” rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and an average target price of $41.89.

Ameresco Trading Up 3.7%

NYSE:AMRC opened at $21.06 on Friday. Ameresco has a 1 year low of $18.38 and a 1 year high of $44.93. The stock has a market cap of $1.12 billion, a P/E ratio of 40.51, a P/E/G ratio of 1.51 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $26.22.

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 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 business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, analysts anticipate that Ameresco will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Joseph W. Sutton acquired 9,700 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of $20.87 per share, with a total value of $202,439.00. Following the purchase, the director owned 80,246 shares of the company’s stock, valued at $1,674,734.02. This represents a 13.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George P. Sakellaris acquired 3,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $22.13 per share, with a total value of $66,390.00. Following the transaction, the chief executive officer owned 1,013,597 shares in the company, valued at $22,430,901.61. The trade was a 0.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 75,025 shares of company stock worth $1,778,963 over the last three months. 45.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in Ameresco during the second quarter worth about $261,000. Engineers Gate Manager LP acquired a new stake in Ameresco in the second quarter valued at about $1,124,000. Raiffeisen Bank International AG purchased a new stake in Ameresco in the 2nd quarter valued at approximately $2,657,000. Northside Capital Management LLC purchased a new stake in Ameresco in the 2nd quarter valued at approximately $207,000. Finally, Handelsbanken Fonder AB increased its position in Ameresco by 5.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after purchasing an additional 42,826 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.