George Sakellaris Buys 4,000 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) CEO George Sakellaris acquired 4,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average cost of $22.84 per share, for a total transaction of $91,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,010,597 shares in the company, valued at $23,082,035.48. This trade represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ameresco Stock Down 3.7%

Shares of Ameresco stock opened at $22.06 on Friday. Ameresco, Inc. has a one year low of $18.38 and a one year high of $44.93. The company has a market cap of $1.17 billion, a P/E ratio of 42.42, a PEG ratio of 1.68 and a beta of 2.62. 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 firm has a fifty day moving average of $24.60 and a two-hundred day moving average of $27.50.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’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. On average, analysts forecast that Ameresco, Inc. will post 1.24 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Ameresco during the 1st quarter valued at $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after buying an additional 884 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ameresco by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ameresco in the first quarter worth $1,187,000. Finally, Creative Planning purchased a new stake in shares of Ameresco in the second quarter valued at $153,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Guggenheim initiated coverage on Ameresco in a research report on Friday, May 22nd. They set a “neutral” rating on the stock. Canaccord Genuity Group raised their price target on Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. UBS Group lifted their price target on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Finally, Wall Street Zen raised Ameresco from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and an average target price of $41.89.

Ameresco Company Profile

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.