Ameresco (NYSE:AMRC) Shares Gap Up - Should You Buy?

Key Points

• Ameresco shares significantly gapped up from a previous closing price of $24.27 to open at $28.54, and last traded at $26.02 with a volume of 287,275 shares.
• Multiple research analysts have provided mixed ratings on Ameresco, with UBS upgrading it to "neutral" and Robert W. Baird upgrading it to "outperform", while Wall Street Zen downgraded it to "sell".
• Ameresco reported earnings per share of $0.27 for its last quarter, surpassing expectations, and set its FY 2025 guidance at 0.700-0.900 EPS.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $24.27, but opened at $28.54. Ameresco shares last traded at $26.02, with a volume of 287,275 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMRC shares. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and upped their price target for the company from $11.00 to $23.00 in a research note on Monday, August 18th. Jefferies Financial Group upped their price target on shares of Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and upped their price target for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. Baird R W upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ameresco presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Ameresco Stock Performance

The firm has a market cap of $1.34 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.29 and a beta of 2.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The company's 50 day moving average is $20.35 and its 200 day moving average is $15.48.

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 for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts predict that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock worth $977,000 after acquiring an additional 747 shares during the period. Alps Advisors Inc. raised its position in Ameresco by 2.2% in the first quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock worth $607,000 after acquiring an additional 1,060 shares during the period. Harvest Portfolios Group Inc. raised its position in Ameresco by 12.4% in the first quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider's stock worth $152,000 after acquiring an additional 1,390 shares during the period. Deutsche Bank AG raised its position in Ameresco by 5.2% in the first quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock worth $426,000 after acquiring an additional 1,730 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock worth $53,000 after acquiring an additional 1,754 shares during the period. 99.24% of the stock is owned by institutional investors.

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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