Guinness Asset Management LTD Has $3.67 Million Stock Holdings in Ameresco, Inc. $AMRC

Key Points

• Guinness Asset Management LTD reduced its stake in Ameresco, Inc. by 21.8%, now holding approximately $3.67 million worth of the stock after selling 84,651 shares in Q1.
• Ameresco recently reported an EPS of $0.27 for the last quarter, significantly surpassing the consensus estimate of $0.06, with revenues reaching $472.28 million.
• Analysts have recently updated their ratings for Ameresco, with Robert W. Baird upgrading the company to "outperform" and raising the price target from $23.00 to $35.00.

Guinness Asset Management LTD cut its stake in Ameresco, Inc. (NYSE:AMRC - Free Report) by 21.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,165 shares of the utilities provider's stock after selling 84,651 shares during the period. Guinness Asset Management LTD owned approximately 0.58% of Ameresco worth $3,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Inspire Investing LLC raised its holdings in shares of Ameresco by 68.0% during the 1st quarter. Inspire Investing LLC now owns 28,688 shares of the utilities provider's stock worth $347,000 after buying an additional 11,611 shares in the last quarter. Empowered Funds LLC bought a new stake in Ameresco during the 1st quarter worth $1,187,000. Goldman Sachs Group Inc. grew its position in Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider's stock worth $2,687,000 after acquiring an additional 42,499 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider's stock worth $513,000 after acquiring an additional 884 shares during the last quarter. Finally, Granahan Investment Management LLC grew its position in Ameresco by 3,822.9% during the 1st quarter. Granahan Investment Management LLC now owns 416,496 shares of the utilities provider's stock worth $5,031,000 after acquiring an additional 405,879 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company's stock.

Ameresco Stock Down 2.5%

AMRC stock opened at $27.33 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.40 and a beta of 2.26. Ameresco, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $39.68. The stock's 50 day simple moving average is $20.98 and its 200 day simple moving average is $15.69. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The company's quarterly revenue was up 7.8% compared to the same quarter last year. 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. On average, research analysts expect that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMRC shares. Robert W. Baird upgraded Ameresco from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, September 2nd. B. Riley upped their price target on Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group upgraded Ameresco from a "sell" rating to a "neutral" rating and upped their target price for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Baird R W upgraded Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen lowered Ameresco from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ameresco currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.14.

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.

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