Ameresco (NYSE:AMRC) Stock Price Expected to Rise, B. Riley Analyst Says

Key Points

• B. Riley has raised the price target for Ameresco (NYSE:AMRC) from $22.00 to $32.00, indicating a potential upside of 28.93% from its current stock price.
• The company reported a quarterly earnings per share (EPS) of $0.27, significantly surpassing the consensus estimate of $0.06, with revenue also exceeding expectations at $472.28 million.
• Multiple analysts have upgraded Ameresco's stock, with one issuing a "Strong Buy" rating, while overall sentiment reflects a "Moderate Buy" rating based on average price targets.

Ameresco (NYSE:AMRC - Free Report) had its target price boosted by B. Riley from $22.00 to $32.00 in a report released on Wednesday, Marketbeat reports. The firm currently has a buy rating on the utilities provider's stock.

A number of other equities analysts have also weighed in on AMRC. Robert W. Baird raised shares of Ameresco from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Jefferies Financial Group lifted their price objective on Ameresco from $11.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $11.00 to $23.00 in a research note on Monday, August 18th. Finally, Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Ameresco Price Performance

AMRC stock traded up $1.64 during midday trading on Wednesday, hitting $29.03. 266,030 shares of the stock were exchanged, compared to its average volume of 672,945. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56. The stock's 50-day moving average price is $21.19 and its 200-day moving average price is $15.72. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $39.68. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.37 and a beta of 2.25.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $472.28 million for the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Research analysts predict that Ameresco will post 1.15 earnings per share for the current year.

Hedge Funds Weigh In On Ameresco

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Ameresco during the first quarter valued at $40,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 purchasing an additional 1,754 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after purchasing an additional 4,557 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Ameresco during the 1st quarter worth approximately $114,000. Finally, Advisors Asset Management Inc. boosted its position in Ameresco by 57.4% during the 1st quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider's stock valued at $118,000 after purchasing an additional 3,554 shares during the period. 99.24% of the stock is currently owned by institutional investors.

Ameresco Company Profile

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.