George Sakellaris Buys 1,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $25.27 per share, for a total transaction of $25,270.00. Following the completion of the transaction, the chief executive officer directly owned 994,597 shares of the company’s stock, valued at $25,133,466.19. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Ameresco Stock Up 6.8%

AMRC stock opened at $27.66 on Thursday. Ameresco, Inc. has a 12-month low of $18.38 and a 12-month 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 company has a market cap of $1.46 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 1.89 and a beta of 2.62. The company has a 50 day moving average of $25.58 and a two-hundred day moving average of $28.08.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $515.46 million during 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 firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities analysts anticipate that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMRC has been the topic of several research analyst reports. UBS Group raised their price target on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Guggenheim assumed coverage on Ameresco in a research note on Friday, May 22nd. They set a “neutral” rating for the company. Zacks Research raised Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.33.

Institutional Trading of Ameresco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares in the last quarter. KBC Group NV increased its holdings 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 worth $2,497,000 after buying an additional 891 shares in the last quarter. State of Wyoming acquired a new stake in shares of Ameresco during the fourth quarter worth approximately $27,000. Swiss National Bank raised its stake in shares of Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Kuhn & Co Investment Counsel boosted its holdings in shares of Ameresco by 4.6% in the 4th quarter. Kuhn & Co Investment Counsel now owns 22,650 shares of the utilities provider’s stock worth $663,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 99.24% of the company’s stock.

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.