Ameresco (NYSE:AMRC) Shares Down 5.8% - Here's What Happened

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) shares fell 5.8% during trading on Monday . The stock traded as low as $24.19 and last traded at $24.44. 138,605 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 667,805 shares. The stock had previously closed at $25.93.

Analysts Set New Price Targets

Several research firms have recently commented on AMRC. Jefferies Financial Group boosted their price target on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Baird R W upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wall Street Zen cut shares of Ameresco from a "hold" rating to a "sell" rating in a report on Sunday, September 7th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and raised their price target for the company from $11.00 to $23.00 in a report on Monday, August 18th. Finally, Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and raised their price target for the company from $23.00 to $35.00 in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ameresco currently has a consensus rating of "Moderate Buy" and an average price target of $25.14.

Ameresco Stock Up 0.1%

The business's 50 day moving average is $21.19 and its 200 day moving average is $15.76. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.36 and a beta of 2.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56.

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

Institutional Trading of Ameresco

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ameresco by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after acquiring an additional 747 shares during the period. Alps Advisors Inc. lifted its stake in Ameresco by 2.2% during the 1st quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock valued at $607,000 after acquiring an additional 1,060 shares during the period. Harvest Portfolios Group Inc. lifted its stake in Ameresco by 12.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider's stock valued at $152,000 after acquiring an additional 1,390 shares during the period. Deutsche Bank AG lifted its stake in Ameresco by 5.2% during the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock valued at $426,000 after acquiring an additional 1,730 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 1,754 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.