Ameresco (NYSE:AMRC) Stock Price Up 5.7% - Time to Buy?

Key Points

• Ameresco's stock rose 5.7% during mid-day trading, closing at $21.56, despite a significant drop in trading volume compared to its average daily activity.
• Several analysts provided mixed ratings on Ameresco's stock, with targets ranging from $11.00 to $29.00 and an overall consensus rating of "Hold," indicating uncertainty in the market.
• The company reported earnings per share of $0.27 for the most recent quarter, exceeding analysts' expectations and showing a revenue increase of 7.8% year-over-year.

Ameresco, Inc. (NYSE:AMRC - Get Free Report) shares were up 5.7% during mid-day trading on Friday . The stock traded as high as $21.42 and last traded at $21.56. Approximately 137,466 shares were traded during trading, a decline of 80% from the average daily volume of 676,627 shares. The stock had previously closed at $20.40.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMRC shares. Piper Sandler set a $21.00 price target on Ameresco and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $11.00 to $23.00 in a research report on Monday. Canaccord Genuity Group lifted their price objective on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group lifted their price objective on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.33.

Ameresco Trading Up 0.3%

The company has a market cap of $1.19 billion, a PE ratio of 19.28, a PEG ratio of 1.12 and a beta of 2.27. 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 stock has a 50 day moving average price of $17.89 and a 200 day moving average price of $15.08.

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, beating 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 return on equity of 7.00% and a net margin of 3.34%.The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts predict that Ameresco, Inc. will post 1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP purchased a new position in Ameresco during the second quarter valued at $2,300,000. JCP Investment Management LLC raised its stake in Ameresco by 16.4% during the second quarter. JCP Investment Management LLC now owns 16,297 shares of the utilities provider's stock valued at $248,000 after buying an additional 2,297 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after buying an additional 1,754 shares during the last quarter. Redwood Grove Capital LLC raised its stake in Ameresco by 36.0% during the second quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider's stock valued at $10,327,000 after buying an additional 179,943 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Ameresco by 52.7% during the second quarter. Lazard Asset Management LLC now owns 11,621 shares of the utilities provider's stock valued at $175,000 after buying an additional 4,010 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

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.