Ameresco (NYSE:AMRC) Trading 11% Higher After Analyst Upgrade

Key Points

• Shares of Ameresco, Inc. rose by 11% following an upgrade from B. Riley, which increased its price target from $22 to $32 and maintained a buy rating.
• UBS Group and Baird R W have also raised their ratings on Ameresco, reflecting a growing optimism, with the stock now holding a consensus rating of Moderate Buy and an average price target of $25.14.
• The company reported a quarterly revenue of $472.28 million, exceeding analyst expectations, and it has set its FY 2025 earnings guidance between 0.700 and 0.900 EPS.

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s share price rose 11% during trading on Wednesday after B. Riley raised their price target on the stock from $22.00 to $32.00. B. Riley currently has a buy rating on the stock. Ameresco traded as high as $27.95 and last traded at $27.60. Approximately 209,968 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 668,857 shares. The stock had previously closed at $24.87.

AMRC has been the subject of a number of other research reports. UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and raised their target price for the company from $11.00 to $23.00 in a report on Monday, August 18th. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Jefferies Financial Group lifted their price target on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, July 23rd. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Robert W. Baird upgraded Ameresco from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Institutional Trading of Ameresco

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Ameresco during the 1st quarter worth about $40,000. Tower Research Capital LLC TRC lifted its position 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 worth $53,000 after acquiring an additional 1,754 shares in the last quarter. Lazard Asset Management LLC lifted its position in Ameresco by 145.0% during the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock worth $172,000 after acquiring an additional 4,362 shares in the last quarter. GAMMA Investing LLC lifted its position in Ameresco by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock worth $97,000 after acquiring an additional 4,557 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Ameresco by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 9,074 shares of the utilities provider's stock worth $213,000 after acquiring an additional 2,986 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Stock Up 6.4%

The firm has a 50-day moving average of $21.19 and a 200 day moving average of $15.72. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.37 and a beta of 2.25. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $415.30 million. During the same period in the prior year, the company posted $0.10 EPS. Ameresco's quarterly revenue was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Ameresco Company Profile

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.