Ameresco (NYSE:AMRC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ameresco from “sell” to “hold,” while broader analyst sentiment remains a “Moderate Buy” with an average price target of $43.33.
• Ameresco matched quarterly EPS estimates at $0.20 and reported revenue of $515.46 million, up 9.1% year over year and above the $465.18 million consensus forecast.
• AMRC opened at $25.76, well below its 52-week high of $44.93; insiders have sold 26,355 shares worth about $852,270 over the past 90 days.

Ameresco (NYSE:AMRC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday. Guggenheim began coverage on Ameresco in a research report on Friday, May 22nd. They set a "neutral" rating on the stock. BNP Paribas Exane raised Ameresco from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $34.00 to $40.00 in a research note on Tuesday. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their target price on Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Ameresco Price Performance

AMRC stock opened at $25.76 on Friday. Ameresco has a 52 week low of $18.38 and a 52 week high of $44.93. The company has a quick ratio of 1.48, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $26.07 and a two-hundred day simple moving average of $28.24. The firm has a market capitalization of $1.36 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 1.87 and a beta of 2.62.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. During the same period in the previous year, the firm posted $0.27 EPS. The business's quarterly revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Analysts anticipate that Ameresco will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jennifer L. Miller sold 10,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.27, for a total value of $322,700.00. Following the sale, the director directly owned 22,111 shares of the company's stock, valued at $713,521.97. This represents a 31.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares of the company's stock, valued at approximately $764,277.28. The trade was a 28.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,355 shares of company stock valued at $852,270. Company insiders own 45.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. State of Wyoming bought a new stake in shares of Ameresco during the 4th quarter worth approximately $27,000. Fifth Third Bancorp purchased a new position in Ameresco during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd bought a new position in Ameresco in the 4th quarter valued at $48,000. Tower Research Capital LLC TRC grew its position in Ameresco by 99.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Ameresco in the fourth quarter worth $55,000. Institutional investors own 99.24% of the company's stock.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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