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.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) shot up 11% during mid-day 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. 209,968 shares changed hands during trading, a decline of 69% from the average session volume of 668,857 shares. The stock had previously closed at $24.87.

Several other equities research analysts have also weighed in on AMRC. UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $11.00 to $23.00 in a research note on Monday, August 18th. Baird R W raised Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $23.00 to $35.00 in a research note on Tuesday, September 2nd. Wall Street Zen lowered Ameresco from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Jefferies Financial Group raised their price objective on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.14.

Institutional Trading of Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Headlands Technologies LLC acquired a new stake in shares of Ameresco in the first quarter worth $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Ameresco by 99.4% during 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 in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ameresco by 132.0% during the first 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. AlphaQuest LLC purchased a new stake in shares of Ameresco during the first quarter worth $114,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Ameresco by 57.4% during the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock worth $118,000 after acquiring an additional 3,554 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Trading Up 9.7%

The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The company has a fifty day moving average of $20.53 and a 200-day moving average of $15.55. The firm has a market capitalization of $1.43 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.21 and a beta of 2.26.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. During the same period last year, the company earned $0.10 earnings per share. Ameresco's quarterly 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, sell-side analysts anticipate that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal 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.

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