Zacks Research Upgrades Ameresco (NYSE:AMRC) to Strong-Buy

Ameresco (NYSE:AMRC) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

AMRC has been the subject of a number of other research reports. Canaccord Genuity Group increased their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $40.00 in a research note on Tuesday. Weiss Ratings cut shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Ameresco Trading Down 8.0%

Shares of AMRC stock opened at $25.69 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.48 and a current ratio of 1.49. Ameresco has a 1 year low of $18.38 and a 1 year high of $44.93. The stock has a fifty day moving average of $26.49 and a two-hundred day moving average of $28.31. The firm has a market capitalization of $1.36 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 2.04 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a return on equity of 2.97% and a net margin of 1.40%.The company 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 earned $0.27 earnings per share. The company’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. As a group, research analysts expect that Ameresco will post 1.24 EPS for the current year.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 1,355 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director owned 14,111 shares in the company, valued at $479,774. This trade represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director owned 22,111 shares in the company, valued at approximately $713,521.97. This trade represents a 31.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,355 shares of company stock valued at $852,270. 45.10% of the stock is owned by insiders.

Institutional Trading of Ameresco

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its position in Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after purchasing an additional 2,981,689 shares during the period. First Trust Advisors LP increased its holdings in Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after purchasing an additional 889,820 shares during the last quarter. Swedbank AB lifted its stake in Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider’s stock valued at $16,448,000 after buying an additional 275,000 shares during the period. Invesco Ltd. grew its position 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 buying an additional 203,374 shares during the period. Finally, Redwood Grove Capital LLC increased its stake in shares of Ameresco by 36.0% in the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after acquiring an additional 179,943 shares during 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.