Ameresco (NYSE:AMRC) Shares Up 11.6% - Here's Why

Key Points

• Ameresco shares jumped 11.6% to approximately $20.45, with trading volume below the stock’s average daily volume.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $41.89; Canaccord and UBS recently raised their targets, while Jefferies upgraded the stock to “strong buy.”
• Insiders purchased 75,025 shares worth about $1.78 million during the past quarter, while the company reported 9.1% year-over-year revenue growth and met quarterly EPS expectations.

Shares of Ameresco, Inc. (NYSE:AMRC - Get Free Report) rose 11.6% during trading on Tuesday. The stock traded as high as $20.37 and last traded at $20.4450. Approximately 398,667 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 591,113 shares. The stock had previously closed at $18.32.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Jefferies Financial Group raised shares of Ameresco to a "strong-buy" rating in a report on Thursday, September 3rd. Canaccord Genuity Group raised their target price on shares of Ameresco from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, UBS Group lifted their target price on shares of Ameresco from $28.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Ameresco currently has an average rating of "Hold" and an average target price of $41.89.

Ameresco Stock Up 11.6%

The firm has a fifty day simple moving average of $21.94 and a 200-day simple moving average of $26.70. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 1.38 and a beta of 2.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%. The business had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the previous year, the company posted $0.27 EPS. Ameresco's quarterly 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, sell-side analysts expect that Ameresco, Inc. will post 1.22 EPS for the current year.

Insider Activity

In other news, Director Joseph W. Sutton acquired 9,700 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $20.87 per share, with a total value of $202,439.00. Following the transaction, the director owned 80,246 shares of the company's stock, valued at $1,674,734.02. This trade represents a 13.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jennifer L. Miller acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the acquisition, the director owned 34,546 shares of the company's stock, valued at $724,084.16. The trade was a 6.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 75,025 shares of company stock worth $1,778,963. Insiders own 45.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Ameresco by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider's stock valued at $36,711,000 after acquiring an additional 167,068 shares during the period. Handelsbanken Fonder AB lifted its position in Ameresco by 5.3% during the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider's stock valued at $23,680,000 after buying an additional 42,826 shares in the last quarter. Swedbank AB boosted its holdings in Ameresco by 74.3% in the first quarter. Swedbank AB now owns 645,000 shares of the utilities provider's stock worth $16,448,000 after purchasing an additional 275,000 shares during the period. Empowered Funds LLC boosted its position in Ameresco by 8.5% during the 1st quarter. Empowered Funds LLC now owns 225,628 shares of the utilities provider's stock worth $5,754,000 after acquiring an additional 17,696 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Ameresco by 64.7% in the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider's stock worth $3,199,000 after purchasing an additional 49,279 shares in the last quarter. 99.24% of the stock is owned by institutional investors.

About Ameresco

Ameresco, Inc NYSE: AMRC is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company's offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.

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