Gagnon Securities LLC Reduces Stock Position in Ameresco, Inc. $AMRC

Key Points

• Gagnon Securities LLC has reduced its stake in Ameresco, Inc. by 10.1% during the 2nd quarter, owning now 870,245 shares, which represents approximately 2.7% of its portfolio.
• Contrastingly, several other institutional investors like Wellington Management Group LLP and Bandera Partners LLC have increased their positions significantly in Ameresco during the same period.
• Ameresco reported earnings of $0.27 per share for the last quarter, surpassing analysts' expectations, and set its fiscal year 2025 guidance for earnings per share between $0.700 and $0.900.

Gagnon Securities LLC lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 870,245 shares of the utilities provider's stock after selling 98,283 shares during the period. Ameresco accounts for approximately 2.7% of Gagnon Securities LLC's portfolio, making the stock its 14th largest holding. Gagnon Securities LLC owned 1.66% of Ameresco worth $13,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMRC. Wellington Management Group LLP increased its holdings in shares of Ameresco by 12.8% in the first quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider's stock worth $13,289,000 after purchasing an additional 125,030 shares during the period. Bandera Partners LLC increased its stake in Ameresco by 125.2% in the first quarter. Bandera Partners LLC now owns 734,355 shares of the utilities provider's stock valued at $8,871,000 after acquiring an additional 408,257 shares during the last quarter. Rock Point Advisors LLC increased its stake in Ameresco by 97.7% in the first quarter. Rock Point Advisors LLC now owns 516,971 shares of the utilities provider's stock valued at $6,245,000 after acquiring an additional 255,538 shares during the last quarter. Gagnon Advisors LLC increased its stake in Ameresco by 73.4% in the first quarter. Gagnon Advisors LLC now owns 472,798 shares of the utilities provider's stock valued at $5,711,000 after acquiring an additional 200,104 shares during the last quarter. Finally, Granahan Investment Management LLC increased its stake in Ameresco by 3,822.9% in the first quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider's stock valued at $5,031,000 after acquiring an additional 405,879 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

Ameresco stock opened at $38.91 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.54 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average of $26.47 and a 200-day moving average of $18.34. The firm has a market cap of $2.04 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.91 and a beta of 2.33. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $39.70.

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million during the quarter, compared to analyst estimates of $415.30 million. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. Ameresco's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Sell-side analysts expect that Ameresco, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

AMRC has been the topic of a number of research analyst reports. Robert W. Baird raised Ameresco from a "neutral" rating to an "outperform" rating and increased their target price for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. UBS Group raised Ameresco from a "sell" rating to a "neutral" rating and increased their target price for the company from $11.00 to $23.00 in a research note on Monday, August 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ameresco in a research note on Saturday, September 27th. Jefferies Financial Group raised Ameresco from a "hold" rating to a "buy" rating and increased their target price for the company from $19.00 to $39.00 in a research note on Thursday, September 25th. Finally, B. Riley raised their price objective on Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ameresco presently has an average rating of "Moderate Buy" and an average target price of $28.00.

Ameresco 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.

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