Ameresco (NYSE:AMRC) Upgraded to Outperform at Robert W. Baird

Key Points

• Ameresco (NYSE:AMRC) has been upgraded to an "outperform" rating by Robert W. Baird, with a target price increase from $23.00 to $35.00, suggesting a potential upside of 37.69% from its current price.
• The company reported a profit of $0.27 EPS for the last quarter, significantly exceeding analysts' expectations of $0.06 EPS and achieving a revenue of $472.28 million.
• Ameresco's stock has a consensus rating of "Moderate Buy", with four analysts recommending a Buy and three assigning a Hold rating, reflecting growing confidence in the company's market position.

Ameresco (NYSE:AMRC - Get Free Report) was upgraded by stock analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a $35.00 target price on the utilities provider's stock, up from their prior target price of $23.00. Robert W. Baird's price objective would indicate a potential upside of 37.69% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group lifted their price objective on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen raised Ameresco from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group raised 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 report on Monday, August 18th. Finally, Canaccord Genuity Group lifted their price objective on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Ameresco Trading Up 0.5%

NYSE AMRC opened at $25.42 on Tuesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.27 and a beta of 2.25. Ameresco has a one year low of $8.49 and a one year high of $39.68. 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 business's fifty day moving average is $19.33 and its 200-day moving average is $15.26.

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, topping analysts' consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million for 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 business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities research analysts predict that Ameresco will post 1.15 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ameresco by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock valued at $977,000 after acquiring an additional 747 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Ameresco by 2.2% during the 1st quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider's stock valued at $607,000 after acquiring an additional 1,060 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Ameresco by 12.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider's stock valued at $152,000 after acquiring an additional 1,390 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Ameresco by 5.2% during the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider's stock valued at $426,000 after acquiring an additional 1,730 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Ameresco by 99.4% during 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. 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.

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