Ameresco (NYSE:AMRC) Hits New 52-Week Low - Here's Why

Key Points

• Ameresco shares hit a new 52-week low of $18.38, trading well below their 50-day and 200-day moving averages of $22.70 and $25.66, respectively.
• Analyst sentiment is mixed: the stock has an average rating of “Hold” and an average price target of $41.89, with ratings ranging from Strong Buy to Strong Sell.
• Ameresco matched quarterly EPS expectations at $0.20 and reported revenue of $515.46 million, up 9.1% year over year; insiders also bought $1.78 million of shares over the past three months.

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $18.38 and last traded at $19.2210, with a volume of 33,130 shares traded. The stock had previously closed at $18.86.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMRC. Jefferies Financial Group raised shares of Ameresco to a "strong-buy" rating in a report on Thursday, September 3rd. Canaccord Genuity Group lifted their price objective on Ameresco from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Zacks Research cut Ameresco from a "hold" rating to a "strong sell" rating in a research report on Monday, October 12th. Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a research note on Sunday, September 27th. Finally, UBS Group raised their price target on Ameresco from $28.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Ameresco currently has an average rating of "Hold" and an average price target of $41.89.

Ameresco Trading Up 1.1%

The firm has a market cap of $1.01 billion, a P/E ratio of 36.66, a PEG ratio of 1.45 and a beta of 2.62. 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 50 day moving average of $22.70 and a 200 day moving average of $25.66.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company's revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities research analysts predict that Ameresco, Inc. will post 1.22 EPS for the current year.

Insider Transactions at Ameresco

In other Ameresco news, Director Brian Cox purchased 4,625 shares of Ameresco stock in a transaction on 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 completion of the transaction, the director directly owned 44,325 shares of the company's stock, valued at approximately $959,193. The trade was a 11.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jennifer Miller purchased 2,000 shares of the firm's stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the completion of the purchase, the director directly owned 34,546 shares of the company's stock, valued at approximately $724,084.16. This represents a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 75,025 shares of company stock worth $1,778,963 in the last three months. Corporate insiders own 45.10% of the company's stock.

Institutional Trading of Ameresco

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors purchased a new stake in Ameresco during the 3rd quarter valued at $389,000. NorthCrest Asset Manangement LLC grew its holdings in Ameresco by 7.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,697 shares of the utilities provider's stock worth $288,000 after acquiring an additional 940 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Ameresco by 458.8% in the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 1,037 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Ameresco in the second quarter valued at about $261,000. Finally, Engineers Gate Manager LP bought a new position in shares of Ameresco during the second quarter valued at about $1,124,000. 99.24% of the stock is owned by institutional investors.

Ameresco Company Profile

Ameresco, Inc NYSE: AMRC is an energy services and renewable energy company that helps organizations improve energy efficiency, reduce operating costs and transition to lower-carbon energy sources. The company serves public- and private-sector customers, including government agencies, utilities, educational institutions, health care organizations and commercial and industrial businesses.

Ameresco's services include energy audits, project development, engineering, construction, energy management and long-term operations and maintenance.

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