NYSE:AMRC

Ameresco (AMRC) Stock Forecast, Price & News

$34.33

-1.08 (-3.05%)

(As of 01:14 PM ET)

Compare

Today's Range: $33.97
▼
$35.29
50-Day Range: $35.41
▼
$58.69
52-Week Range: $33.97
▼
$72.82

Volume: 130,491 shs
Average Volume: 353,743 shs
Market Capitalization: $1.79 billion

P/E Ratio: 34.68
Dividend Yield: N/A
Price Target: $62.92

Ameresco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 83.6% Upside
$62.92 Price Target
Short Interest: Bearish
12.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.27
Upright™ Environmental Score
News Sentiment: 0.41
Based on 3 Articles This Week
Insider Trading: Selling Shares
$774,221 Sold Last Quarter
Proj. Earnings Growth: 36.07%
From $1.83 to $2.49 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Oils/Energy Sector

46th out of 244 stocks

Construction - Special Trade Contractors Industry

1st out of 6 stocks

3.4

Analyst's Opinion

Consensus Rating
Ameresco has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $62.92, Ameresco has a forecasted upside of 83.6% from its current price of $34.27.
Amount of Analyst Coverage
Ameresco has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
12.30% of the float of Ameresco has been sold short.
Short Interest Ratio / Days to Cover
Ameresco has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Ameresco has recently increased by 9.19%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Ameresco does not currently pay a dividend.
Dividend Growth
Ameresco does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ameresco has received a 34.11% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Construction of wastewater treatment plants", "Construction of biomass power plants", "Construction of geothermal energy wells", and "Construction of wind power plants" products. See details.
Environmental Sustainability
The Environmental Impact score for Ameresco is -1.27.

2.5

News and Social Media Coverage

News Sentiment
Ameresco has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Ameresco this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for AMRC on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
MarketBeat Follows
1 people have added Ameresco to their MarketBeat watchlist in the last 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ameresco insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $774,221.00 in company stock.
Percentage Held by Insiders
41.75% of the stock of Ameresco is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
61.61% of the stock of Ameresco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ameresco are expected to grow by 36.07% in the coming year, from $1.83 to $2.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ameresco is 34.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ameresco is 34.62, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.86.
Price to Earnings Growth Ratio
Ameresco has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Ameresco has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ameresco (NYSE:AMRC) Stock

Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. The company operates through U.S. Regions, U.S. Federal, Canada, and Alternative Fuels segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities. The company's projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. It also offers renewable energy solutions and services, such as the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services; and electricity, processed renewable gas fuel, and heat or cooling produced from renewable sources of energy. In addition, the company sells photovoltaic (PV) solar energy products and systems, as well as provides consulting and enterprise energy management services; and owns and operates a wind power project. It serves the federal, state, and local governments, as well as healthcare and educational institutions, airports, public housing authorities and public universities, and commercial and industrial customers. As of December 31, 2022, the company owned and operated 162 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was incorporated in 2000 and is headquartered in Framingham, Massachusetts.

AMRC Price History

30 days | 90 days | 365 days | Advanced Chart

AMRC Stock News Headlines

October 2, 2023 | finance.yahoo.com

Is Ameresco (AMRC) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 23, 2023 | americanbankingnews.com

Ameresco, Inc. (NYSE:AMRC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

October 3, 2023 | Behind the Markets (Ad)

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September 19, 2023 | finance.yahoo.com

Unveiling Ameresco (AMRC)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 18, 2023 | finance.yahoo.com

Redflow and Ameresco to deploy microgrid for United States Department of Defense

September 16, 2023 | msn.com

Ameresco charges to top industrial gainer of week, Rocket Lab lands among losers

September 14, 2023 | finance.yahoo.com

Ameresco (AMRC): A Potentially Undervalued Gem in the Construction Industry

September 11, 2023 | finance.yahoo.com

Ameresco Announces Innovative Regional Solar Array Project in Collaboration with City of Craig, Yampa Valley Electric Association, and the Colorado Department of Local Affairs

October 3, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

September 8, 2023 | seekingalpha.com

Ameresco: A Debt-Accumulation Machine And Concerns Around Its Business Model

September 4, 2023 | finance.yahoo.com

What Is Ameresco, Inc.'s (NYSE:AMRC) Share Price Doing?

August 29, 2023 | benzinga.com

Mountain Regional Water Receives Rocky Mountain Power Blue Sky Grant to Install Floating Solar Technology and Selects Ameresco as Design-Build Partner

August 24, 2023 | businesswire.com

Ameresco Secures $300M Development and Construction Loan and Extends Maturity of Senior Secured Credit Facility Term Loan

August 24, 2023 | benzinga.com

Ameresco Named Finalist at the 2023 Energy Awards

August 18, 2023 | msn.com

Ameresco Wins Generation 4 Contract From Department Of Energy

August 18, 2023 | finance.yahoo.com

Ameresco Awarded Generation 4 Contract with The Department of Energy Federal Energy Management Program

August 16, 2023 | benzinga.com

Ameresco Board Member Sold $108K In Company Stock

August 11, 2023 | finance.yahoo.com

Ameresco Announces Acquisition of Joint Forces Training Base-Los Alamitos Microgrid Asset

August 6, 2023 | finance.yahoo.com

Ameresco (NYSE:AMRC) Will Be Hoping To Turn Its Returns On Capital Around

August 3, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Ameresco

August 1, 2023 | msn.com

Baird Maintains Ameresco Inc. - (AMRC) Outperform Recommendation

August 1, 2023 | msn.com

Oppenheimer Maintains Ameresco Inc. - (AMRC) Outperform Recommendation

August 1, 2023 | finance.yahoo.com

Ameresco (AMRC) Q2 Earnings Lag Estimates

July 31, 2023 | finance.yahoo.com

Ameresco: Q2 Earnings Snapshot

July 31, 2023 | seekingalpha.com

Ameresco, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | benzinga.com

Earnings Outlook For Ameresco

July 24, 2023 | finance.yahoo.com

Ameresco Awarded Top Project of the Year by Environment + Energy Leader for partnership with Holy Cross Energy and Colorado Mountain College

See More Headlines

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AMRC Company Calendar

Last Earnings: 7/31/2023
Today: 10/03/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Construction - special trade contractors
Sub-Industry: Construction & Engineering
Sector: Oils/Energy
Current Symbol: NYSE:AMRC
CUSIP: 02361E10
CIK: 1488139
Web: www.ameresco.com
Phone: (508) 661-2200
Fax: 508-661-2201
Employees: 1,363
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $62.92
High Stock Price Forecast: $81.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +77.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.99
Trailing P/E Ratio: 35.77
Forward P/E Ratio: 19.35
P/E Growth: 0.85
Net Income: $94.93 million
Net Margins: 3.85%
Pretax Margin: 4.07%
Return on Equity: 6.59%
Return on Assets: 1.91%

Debt

Debt-to-Equity Ratio: 0.90
Current Ratio: 1.23
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 1.01
Cash Flow: $2.79 per share
Price / Cash Flow: 12.67
Book Value: $16.81 per share
Price / Book: 2.11

Miscellaneous

Outstanding Shares: 52,200,000
Free Float: 30,407,000
Market Cap: $1.85 billion
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. George P. Sakellaris P.E. (Age 76)
Founder, Chairman, CEO & Pres
Comp: $1.46M

Mr. Spencer Doran Hole (Age 54)
Exec. VP & CFO
Comp: $439.38k

Mr. Michael T. Bakas (Age 54)
Exec. VP
Comp: $455.88k

Ms. Nicole Allen Bulgarino (Age 50)
Exec. VP & GM of Federal Solutions
Comp: $459.52k

Ms. Britta I. MacIntosh P.E. (Age 55)
Exec. VP & GM of West Region and Europe
Comp: $458.25k

Mr. Mark A. Chiplock (Age 53)
Sr. VP of Fin. & Chief Accounting Officer

Mr. David J. Corrsin (Age 64)
Exec. VP, Gen. Counsel, Corp. Sec. & Director

Ms. Leila Dillon
Sr. VP of Corp. Marketing & Communications

Ms. Lenka Patten
Sr. VP & Chief HR Officer

Mr. Louis P. Maltezos (Age 56)
Exec. VP of Central Region & Canada Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMRC Stock - Frequently Asked Questions

Should I buy or sell Ameresco stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMRC shares.
View AMRC analyst ratings or view top-rated stocks.
What is Ameresco's stock price forecast for 2023?: 10 Wall Street analysts have issued twelve-month price objectives for Ameresco's stock. Their AMRC share price forecasts range from $44.00 to $81.00. On average, they expect the company's stock price to reach $62.92 in the next year. This suggests a possible upside of 77.7% from the stock's current price.
View analysts price targets for AMRC or view top-rated stocks among Wall Street analysts.
How have AMRC shares performed in 2023?: Ameresco's stock was trading at $57.14 on January 1st, 2023. Since then, AMRC shares have decreased by 38.0% and is now trading at $35.41.
View the best growth stocks for 2023 here.
Are investors shorting Ameresco?: Ameresco saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,920,000 shares, an increase of 9.2% from the August 31st total of 3,590,000 shares. Based on an average trading volume of 363,400 shares, the short-interest ratio is presently 10.8 days. Currently, 12.3% of the company's shares are short sold.
View Ameresco's Short Interest.
When is Ameresco's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our AMRC earnings forecast.
How were Ameresco's earnings last quarter?: Ameresco, Inc. (NYSE:AMRC) announced its quarterly earnings data on Monday, July, 31st. The utilities provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.03. The utilities provider earned $327.07 million during the quarter, compared to the consensus estimate of $290.97 million. Ameresco had a net margin of 3.85% and a trailing twelve-month return on equity of 6.59%. The firm's revenue was down 43.4% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS.
What ETFs hold Ameresco's stock?: ETFs with the largest weight of Ameresco (NYSE:AMRC) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), SPDR Kensho Clean Power ETF (CNRG), SmartETFs Sustainable Energy II ETF (SOLR), Global X Clean Tech ETF (CTEC), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Invesco WilderHill Clean Energy ETF (PBW) and ALPS Clean Energy ETF (ACES).
What guidance has Ameresco issued on next quarter's earnings?: Ameresco updated its fourth quarter 2023 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $1.20-$1.25 for the period. The company issued revenue guidance of $550.00 million-$580.00 million.

What is George Sakellaris' approval rating as Ameresco's CEO?: 27 employees have rated Ameresco Chief Executive Officer George Sakellaris on Glassdoor.com. George Sakellaris has an approval rating of 89% among the company's employees.
What other stocks do shareholders of Ameresco own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ameresco investors own include NVIDIA (NVDA), Block (SQ), Advanced Micro Devices (AMD), Netflix (NFLX), Enterprise Products Partners (EPD), Alphabet (GOOG), Marvell Technology (MRVL), PayPal (PYPL), Salesforce (CRM) and DocuSign (DOCU).
What is Ameresco's stock symbol?: Ameresco trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMRC."
How do I buy shares of Ameresco?: Shares of AMRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ameresco's stock price today?: One share of AMRC stock can currently be purchased for approximately $35.41.
How much money does Ameresco make?: Ameresco (NYSE:AMRC) has a market capitalization of $1.85 billion and generates $1.82 billion in revenue each year. The utilities provider earns $94.93 million in net income (profit) each year or $0.99 on an earnings per share basis.
How many employees does Ameresco have?: The company employs 1,363 workers across the globe.
How can I contact Ameresco?: Ameresco's mailing address is 111 Speen Street Suite 410, Framingham MA, 01701. The official website for the company is www.ameresco.com. The utilities provider can be reached via phone at (508) 661-2200, via email at lynn.morgen@advisiry.com, or via fax at 508-661-2201.

This page (NYSE:AMRC) was last updated on 10/3/2023 by MarketBeat.com Staff

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