Ameresco (NYSE:AMRC) CEO Acquires 1,000 Shares

Key Points

• CEO George Sakellaris purchased 1,000 Ameresco shares at an average price of $25.27, investing $25,270 and increasing his direct ownership to 994,597 shares.
• Ameresco shares rose 2.9% to $26.00 during Tuesday trading. The company reported $0.20 quarterly EPS in line with estimates, while revenue of $515.46 million exceeded expectations and increased 9.1% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $43.33, although institutional investors already hold 99.24% of the company’s stock.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George Sakellaris purchased 1,000 shares of the firm's stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $25.27 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the chief executive officer directly owned 994,597 shares in the company, valued at $25,133,466.19. The trade was a 0.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ameresco Trading Up 2.9%

AMRC traded up $0.72 during midday trading on Tuesday, hitting $26.00. The company's stock had a trading volume of 427,306 shares, compared to its average volume of 703,757. The firm has a market cap of $1.38 billion, a P/E ratio of 50.01, a PEG ratio of 1.85 and a beta of 2.62. Ameresco, Inc. has a 52-week low of $18.38 and a 52-week high of $44.93. The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $25.68 and a two-hundred day moving average price of $28.12.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million for 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 business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that Ameresco, Inc. will post 1.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMRC has been the subject of a number of analyst reports. Cantor Fitzgerald restated an "overweight" rating on shares of Ameresco in a report on Tuesday, August 4th. Oppenheimer reissued a "market perform" rating on shares of Ameresco in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. UBS Group lifted their price target on shares of Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMRC. State of Wyoming acquired a new position in Ameresco during the 4th quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco in the 4th quarter valued at about $48,000. Fifth Third Bancorp bought a new position in shares of Ameresco during the first quarter worth about $44,000. Summit Securities Group LLC bought a new position in shares of Ameresco during the fourth quarter worth about $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Ameresco during the fourth quarter worth about $69,000. 99.24% of the stock is currently owned by institutional investors.

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.

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