Brokerages Set Ameresco, Inc. (NYSE:AMRC) Target Price at $43.33

Shares of Ameresco, Inc. (NYSE:AMRC) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.3333.

A number of brokerages have commented on AMRC. Cantor Fitzgerald reissued an “overweight” rating on shares of Ameresco in a report on Tuesday, August 4th. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Wall Street Zen upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird dropped their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th.

Insider Transactions at Ameresco

In other news, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $34.00, for a total value of $46,070.00. Following the transaction, the director directly owned 14,111 shares of the company’s stock, valued at approximately $479,774. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the transaction, the director owned 25,232 shares in the company, valued at $911,379.84. The trade was a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,355 shares of company stock valued at $852,270 over the last 90 days. 45.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Ameresco by 170.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after acquiring an additional 889,820 shares during the last quarter. Swedbank AB raised its holdings in shares of Ameresco by 74.3% during the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock worth $16,448,000 after acquiring an additional 275,000 shares during the period. Invesco Ltd. raised its holdings in shares of Ameresco by 54.7% during the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after acquiring an additional 203,374 shares during the period. Finally, Redwood Grove Capital LLC raised its holdings in shares of Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after acquiring an additional 179,943 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Stock Down 1.5%

AMRC stock opened at $25.27 on Friday. Ameresco has a 52 week low of $18.38 and a 52 week high of $44.93. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The firm has a 50-day simple moving average of $25.89 and a 200-day simple moving average of $28.16. The stock has a market capitalization of $1.34 billion, a P/E ratio of 48.60, a P/E/G ratio of 1.88 and a beta of 2.62.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same period last year, the company posted $0.27 EPS. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities analysts forecast that Ameresco will post 1.24 earnings per share for the current fiscal year.

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.