Robert W. Baird Reiterates Neutral Rating for Ameresco (NYSE:AMRC)

Key Points

• Robert W. Baird maintained a “Neutral” rating on Ameresco but cut its price target to $32 from $36, implying approximately 12.6% upside from the prior close.
• Ameresco reported quarterly EPS of $0.20, in line with estimates, while revenue of $515.46 million exceeded expectations and rose 9.1% year over year. Analysts’ consensus rating remains “Moderate Buy,” with an average price target of $42.89.
• Ameresco shares opened at $28.43 and were up 1.9%; insiders bought 45,700 shares worth about $1.15 million over the past 90 days, while institutional investors own 99.24% of the stock.

Ameresco (NYSE:AMRC - Get Free Report)'s stock had its "neutral" rating restated by research analysts at Robert W. Baird in a research report issued on Tuesday,Benzinga reports. They currently have a $32.00 price objective on the utilities provider's stock, down from their prior price objective of $36.00. Robert W. Baird's price target would suggest a potential upside of 12.56% from the stock's previous close.

AMRC has been the subject of a number of other research reports. Wall Street Zen raised shares of Ameresco from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Oppenheimer reissued a "market perform" rating on shares of Ameresco in a report on Tuesday, August 4th. Canaccord Genuity Group raised their price target on shares of Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. BNP Paribas Exane raised shares of Ameresco from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Ameresco in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.89.

Ameresco Trading Up 1.9%

NYSE:AMRC opened at $28.43 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The business's 50 day moving average is $25.47 and its two-hundred day moving average is $27.99. Ameresco has a 52 week low of $18.38 and a 52 week high of $44.93. The company has a market cap of $1.51 billion, a PE ratio of 54.67, a P/E/G ratio of 2.05 and a beta of 2.62.

Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The business's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts predict that Ameresco will post 1.24 EPS for the current year.

Insider Activity at Ameresco

In other Ameresco news, Director Brian C. Cox acquired 39,700 shares of Ameresco stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the transaction, the director owned 39,700 shares in the company, valued at approximately $995,279. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Francis V. Wisneski, Jr. sold 5,000 shares of Ameresco stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $36.12, for a total transaction of $180,600.00. Following the completion of the transaction, the director directly owned 25,232 shares in the company, valued at $911,379.84. This represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought 45,700 shares of company stock valued at $1,150,299 over the last 90 days. 45.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Ameresco

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in shares of Ameresco by 170.0% in the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider's stock valued at $159,021,000 after buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Ameresco by 503.4% in the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider's stock worth $31,240,000 after acquiring an additional 889,820 shares during the last quarter. Swedbank AB grew its holdings in shares of Ameresco by 74.3% in the 1st quarter. Swedbank AB now owns 645,000 shares of the utilities provider's stock worth $16,448,000 after acquiring an additional 275,000 shares during the last quarter. Invesco Ltd. raised its position in shares of Ameresco by 54.7% during the third quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider's stock worth $19,314,000 after purchasing an additional 203,374 shares during the period. Finally, Redwood Grove Capital LLC raised its position in shares of Ameresco by 36.0% during the second quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider's stock worth $10,327,000 after purchasing an additional 179,943 shares during the period. 99.24% of the stock is currently owned by institutional investors.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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