Wall Street Zen Downgrades Ameresco (NYSE:AMRC) to Sell

Key Points

• Ameresco's stock was downgraded from a "hold" to a "sell" rating by Wall Street Zen in a recent research note.
• Despite the downgrade, analysts have varying opinions; Robert W. Baird upgraded the stock to "outperform" with a price target hike from $23.00 to $35.00.
• Ameresco reported a quarterly earnings of $0.27 per share, surpassing expectations, and generated revenue of $472.28 million, showing a 7.8% year-over-year increase.

Ameresco (NYSE:AMRC - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the stock. Robert W. Baird upgraded shares of Ameresco from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $23.00 to $35.00 in a research report on Tuesday, September 2nd. Baird R W upgraded shares of Ameresco from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. B. Riley upped their price objective on shares of Ameresco from $22.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. UBS Group upgraded shares of Ameresco from a "sell" rating to a "neutral" rating and upped their price objective for the company from $11.00 to $23.00 in a research report on Monday, August 18th. Finally, Jefferies Financial Group upgraded shares of Ameresco from a "hold" rating to a "buy" rating and upped their price objective for the company from $19.00 to $39.00 in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Ameresco Trading Up 3.4%

Shares of AMRC stock traded up $1.23 during trading hours on Friday, reaching $37.57. The company had a trading volume of 589,937 shares, compared to its average volume of 802,134. The company has a 50 day moving average of $25.64 and a 200 day moving average of $17.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 1.81 and a beta of 2.33. Ameresco has a 1-year low of $8.49 and a 1-year high of $38.00.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million for 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 firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. On average, equities research analysts anticipate that Ameresco will post 1.15 EPS for the current year.

Hedge Funds Weigh In On Ameresco

A number of large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in Ameresco by 1,832.5% during the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider's stock worth $26,965,000 after purchasing an additional 1,683,326 shares in the last quarter. DNB Asset Management AS increased its holdings in Ameresco by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider's stock worth $18,072,000 after purchasing an additional 43,411 shares in the last quarter. Wellington Management Group LLP increased its holdings in Ameresco by 12.8% during the 1st 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 in the last quarter. Gagnon Securities LLC increased its holdings in Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider's stock worth $11,700,000 after purchasing an additional 397,326 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider's stock worth $11,450,000 after purchasing an additional 187,380 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

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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