Stifel Nicolaus Has Lowered Expectations for Ameresco (NYSE:AMRC) Stock Price

Key Points

• Stifel Nicolaus lowered its price target on Ameresco to $37 from $38 but maintained a Buy rating, implying 34.7% upside from the prior close.
• Ameresco beat third-quarter earnings and revenue estimates: EPS was $0.88 versus $0.57 expected, while revenue rose 10.3% year over year to $580.3 million. The company also reported a record backlog of about $7.15 billion.
• Analyst views remain mixed: the consensus rating is Hold, with an average price target of $40.86; recent targets range from $32 to $40.

Ameresco (NYSE:AMRC - Get Free Report) had its price objective decreased by research analysts at Stifel Nicolaus from $38.00 to $37.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the utilities provider's stock. Stifel Nicolaus's price target indicates a potential upside of 34.74% from the stock's previous close.

AMRC has been the subject of several other reports. Cantor Fitzgerald dropped their target price on Ameresco from $44.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, August 27th. BNP Paribas Exane upgraded Ameresco from a "neutral" rating to an "outperform" rating and increased their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Weiss Ratings restated a "sell (d+)" rating on shares of Ameresco in a report on Tuesday, November 3rd. Zacks Research downgraded Ameresco from a "hold" rating to a "strong sell" rating in a research report on Monday, October 12th. Finally, Robert W. Baird lowered shares of Ameresco from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $36.00 to $32.00 in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $40.86.

Ameresco Stock Performance

Ameresco stock opened at $27.46 on Wednesday. The company's 50-day moving average price is $21.57 and its 200-day moving average price is $26.17. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The company has a market cap of $1.46 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 1.67 and a beta of 2.50. Ameresco has a twelve month low of $18.09 and a twelve month high of $37.14.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The utilities provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.31. The firm had revenue of $580.32 million during the quarter, compared to the consensus estimate of $572.89 million. Ameresco had a net margin of 2.01% and a return on equity of 5.13%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts forecast that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Activity

In other Ameresco news, Director Joseph Sutton bought 9,700 shares of the company's stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $20.87 per share, for a total transaction of $202,439.00. Following the completion of the transaction, the director directly owned 80,246 shares of the company's stock, valued at approximately $1,674,734.02. This represents a 13.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Cox bought 4,625 shares of the business's stock in a transaction dated Friday, August 21st. The shares were acquired at an average cost of $21.64 per share, for a total transaction of $100,085.00. Following the purchase, the director owned 44,325 shares of the company's stock, valued at approximately $959,193. The trade was a 11.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 29,325 shares of company stock worth $628,664 in the last ninety days. 45.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in shares of Ameresco during the third quarter worth $55,000. Royce & Associates LP grew its holdings in shares of Ameresco by 10.2% in the third quarter. Royce & Associates LP now owns 1,100,165 shares of the utilities provider's stock worth $22,784,000 after purchasing an additional 101,982 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Ameresco by 9.6% in the third quarter. Russell Investments Group Ltd. now owns 192,625 shares of the utilities provider's stock worth $3,989,000 after purchasing an additional 16,870 shares during the last quarter. Gagnon Securities LLC increased its stake in Ameresco by 8.5% in the 3rd quarter. Gagnon Securities LLC now owns 896,427 shares of the utilities provider's stock worth $18,565,000 after buying an additional 69,865 shares during the period. Finally, Fulcrum Asset Management LLP increased its stake in Ameresco by 217.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 6,672 shares of the utilities provider's stock worth $140,000 after buying an additional 4,568 shares during the period. Institutional investors own 99.24% of the company's stock.

Key Ameresco News

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Ameresco reported third-quarter EPS of $0.88, versus estimates of roughly $0.57–$0.59, and revenue of $580.3 million, above the $572.9 million consensus. Revenue grew 10.3% year over year. Ameresco Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company issued 2026 EPS guidance of $1.85–$1.95, substantially above the approximately $1.23 consensus. Fourth-quarter EPS guidance of $0.95–$1.05 also exceeds the $0.77 consensus, supporting expectations for stronger earnings. Ameresco Provides and Updates Earnings Guidance
• Positive Sentiment: Ameresco highlighted a record backlog of about $7.15 billion, with analysts pointing to backlog expansion and recurring revenue as potential drivers of future growth and margin improvement. AMRC Q3 2026 Deep Dive
• Neutral Sentiment: Fourth-quarter revenue guidance is $625 million–$650 million, near the $639.2 million consensus; the midpoint is slightly below that estimate. Ameresco Provides and Updates Earnings Guidance
• Neutral Sentiment: Five data-center projects could add to the opportunity pipeline, but Ameresco indicated they may take 12–18 months to convert into contracted backlog, leaving timing and execution uncertainty. Ameresco Outlines Data-Center Project Timeline

About Ameresco

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company's services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.

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