Ameresco (NYSE:AMRC) Shares Gap Up - Here's Why

Key Points

• Ameresco, Inc. (NYSE:AMRC) shares gapped up from $38.18 to $41.00 before trading, and last traded at $43.55, with increased trading volume of 234,619 shares.
• Analysts have mixed views on the stock, with Baird R W upgrading to "strong-buy" while others like Wall Street Zen rated it a "sell", showing varied confidence in Ameresco's performance.
• The company recently reported a significant quarterly earnings beat with $0.27 EPS compared to expectations of $0.06, signaling financial strength with a revenue increase of 7.8% year-over-year.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $38.18, but opened at $41.00. Ameresco shares last traded at $43.55, with a volume of 234,619 shares.

Wall Street Analyst Weigh In

AMRC has been the subject of a number of research reports. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. B. Riley lifted their price objective on Ameresco from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ameresco in a research report on Wednesday, October 8th. Finally, UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and raised their target price for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Ameresco Trading Up 12.3%

The stock has a market cap of $2.25 billion, a P/E ratio of 36.62, a P/E/G ratio of 1.86 and a beta of 2.33. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $18.93.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its position in Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock worth $26,965,000 after purchasing an additional 1,683,326 shares in the last quarter. Bandera Partners LLC increased its holdings in shares of Ameresco by 125.2% in the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after purchasing an additional 408,257 shares during the last quarter. Granahan Investment Management LLC increased its holdings in shares of Ameresco by 3,822.9% in the first quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider's stock valued at $5,031,000 after purchasing an additional 405,879 shares during the last quarter. Gagnon Securities LLC increased its holdings in shares of Ameresco by 69.6% in the first quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock valued at $11,700,000 after purchasing an additional 397,326 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in Ameresco during the first quarter worth $3,850,000. 99.24% of the stock is 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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