Ameresco (NYSE:AMRC) Shares Down 5.8% - What's Next?

Key Points

• Ameresco's stock price fell by 5.8% on Monday, dropping to $24.44 with a trading volume significantly lower than the average.
• Wall Street analysts have mixed views on Ameresco, with UBS upgrading the stock to "neutral" and Robert W. Baird raising its target price to $35.00, while Wall Street Zen downgraded it to "sell."
• Despite the recent downturn, Ameresco reported earnings of $0.27 per share, surpassing estimates, alongside a revenue increase of 7.8% compared to the previous year.

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s stock price fell 5.8% on Monday . The company traded as low as $24.19 and last traded at $24.44. 138,605 shares traded hands during trading, a decline of 79% from the average session volume of 667,805 shares. The stock had previously closed at $25.93.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Stifel Nicolaus decreased their price target on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. Jefferies Financial Group lifted their price objective on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Ameresco presently has an average rating of "Moderate Buy" and an average price target of $24.00.

Ameresco Trading Down 7.2%

The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55. The stock's 50 day moving average price is $20.18 and its 200-day moving average price is $15.44. The stock has a market capitalization of $1.26 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.29 and a beta of 2.25.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. Ameresco's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Ameresco during the first quarter worth $1,043,000. Allspring Global Investments Holdings LLC grew its stake in shares of Ameresco by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,964 shares of the utilities provider's stock valued at $205,000 after buying an additional 5,949 shares during the period. Rock Point Advisors LLC increased its position in shares of Ameresco by 97.7% in the 1st quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock valued at $6,245,000 after purchasing an additional 255,538 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Ameresco in the 1st quarter worth $250,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Ameresco by 159.8% in the first quarter. Victory Capital Management Inc. now owns 117,274 shares of the utilities provider's stock valued at $1,417,000 after purchasing an additional 72,137 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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