Cantor Fitzgerald Upgrades Ameresco (NYSE:AMRC) to “Strong-Buy”

Ameresco (NYSE:AMRC) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other research firms have also recently issued reports on AMRC. Stifel Nicolaus raised their target price on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. B. Riley increased their price target on shares of Ameresco from $32.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 31st. Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a report on Tuesday, November 4th. BNP Paribas Exane raised Ameresco to a “hold” rating in a research report on Tuesday, October 21st. Finally, Roth Mkm reissued a “buy” rating on shares of Ameresco in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus target price of $37.80.

Ameresco Stock Performance

AMRC opened at $32.51 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.57. Ameresco has a 12-month low of $8.49 and a 12-month high of $44.93. The business has a 50 day moving average of $31.46 and a 200-day moving average of $29.62. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.10 and a beta of 2.50.

Ameresco (NYSE:AMRC) last posted its earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Ameresco had a return on equity of 6.97% and a net margin of 3.34%.The business had revenue of $525.99 million for the quarter, compared to analyst estimates of $518.41 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, equities research analysts expect that Ameresco will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new position in Ameresco during the 3rd quarter worth $50,000. Tower Research Capital LLC TRC grew its holdings in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth $76,000. Nkcfo LLC bought a new position in shares of Ameresco in the third quarter worth $107,000. Finally, Cetera Trust Company N.A raised its stake in Ameresco by 35.5% in the second quarter. Cetera Trust Company N.A now owns 9,215 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 2,415 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors.

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.