Ameresco (NYSE:AMRC) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded Ameresco from “strong buy” to “hold,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $41.89.
• Ameresco reported quarterly revenue of $515.46 million, exceeding estimates, while earnings per share of $0.20 matched expectations; revenue increased 9.1% year over year.
• Shares opened at $22.77, near the lower end of their 12-month range, while insiders purchased approximately $1.78 million worth of stock over the past 90 days.

Ameresco (NYSE:AMRC - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other equities analysts have also recently weighed in on AMRC. BNP Paribas Exane upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. Robert W. Baird reissued a "neutral" rating and set a $32.00 target price (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Guggenheim began coverage on shares of Ameresco in a research report on Friday, May 22nd. They set a "neutral" rating for the company. Jefferies Financial Group upgraded shares of Ameresco to a "strong-buy" rating in a research report on Thursday. Finally, Cantor Fitzgerald decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an "overweight" rating on the stock in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ameresco presently has an average rating of "Moderate Buy" and a consensus target price of $41.89.

Ameresco Stock Up 4.4%

Ameresco stock opened at $22.77 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The stock has a market capitalization of $1.21 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 1.63 and a beta of 2.63. The business has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $27.16. Ameresco has a 12 month low of $18.38 and a 12 month high of $44.93.

Ameresco (NYSE:AMRC - Get Free Report) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The firm had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter last year, the firm posted $0.27 EPS. The business's revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts anticipate that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling at Ameresco

In other Ameresco news, Director Brian Cox acquired 39,700 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $25.07 per share, with a total value of $995,279.00. Following the purchase, the director owned 39,700 shares in the company, valued at approximately $995,279. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer Miller acquired 2,000 shares of the business's stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $20.96 per share, with a total value of $41,920.00. Following the acquisition, the director owned 34,546 shares in the company, valued at $724,084.16. The trade was a 6.15% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 75,025 shares of company stock valued at $1,778,963. Insiders own 45.10% of the company's stock.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming acquired a new position in Ameresco during the fourth quarter worth $27,000. Fifth Third Bancorp purchased a new position in shares of Ameresco during the 1st quarter worth $44,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ameresco during the 4th quarter worth $48,000. 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. Finally, Summit Securities Group LLC acquired a new position in shares of Ameresco during the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Company Profile

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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