Should I buy or sell Ameresco stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last year. There are currently 3 hold ratings and 10 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 target for 2024?

13 Wall Street analysts have issued 12 month price objectives for Ameresco's shares. Their AMRC share price targets range from $38.00 to $80.00. On average, they predict the company's stock price to reach $54.85 in the next year. This suggests a possible upside of 80.7% 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 at the beginning of 2023. Since then, AMRC stock has decreased by 46.9% and is now trading at $30.35. View the best growth stocks for 2023 here .

Are investors shorting Ameresco?

Ameresco saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,330,000 shares, an increase of 15.5% from the October 31st total of 3,750,000 shares. Based on an average daily trading volume, of 521,700 shares, the days-to-cover ratio is presently 8.3 days. Currently, 13.6% of the company's stock are sold short. View Ameresco's Short Interest .

When is Ameresco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our AMRC earnings forecast .

How were Ameresco's earnings last quarter?

Ameresco, Inc. (NYSE:AMRC) released its quarterly earnings data on Monday, November, 6th. The utilities provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by $0.07. The utilities provider earned $335.15 million during the quarter, compared to analyst estimates of $385.05 million. Ameresco had a trailing twelve-month return on equity of 5.59% and a net margin of 3.69%. The firm's revenue was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 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 S&P 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 FY23 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of $1.15-1.25 for the period, compared to the consensus estimate of $1.74. The company issued revenue guidance of $1.315-1.370 billion, compared to the consensus revenue estimate of $1.53 billion.

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) .

Who are Ameresco's major shareholders?

Ameresco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (5.32%), Wellington Management Group LLP (2.24%), abrdn plc (1.62%), Guinness Asset Management LTD (1.25%), DekaBank Deutsche Girozentrale (1.19%) and Royal Bank of Canada (1.15%). Insiders that own company stock include Britta Macintosh, David Anderson , David J Corrsin , Douglas I Foy , Francis V Wisneski Jr , George P Sakellaris, George P Sakellaris , Joseph W Sutton, Joseph W Sutton , Lauren Todd , Louis P Maltezos, Mark Chiplock , Michael T Bakas , Nickolas Stavropoulos , Nicole E Bulgarino , Robert Georgeoff , Spencer Doran Hole and Thomas S Murley . View institutional ownership trends .

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 .

Ameresco Stock Price, News & Analysis (NYSE:AMRC)

$30.35

-2.01 (-6.21%)

(As of 12/5/2023 ET)

Compare

Today's Range: $29.73
▼
$32.15
50-Day Range: $21.71
▼
$40.47
52-Week Range: $18.40
▼
$67.00

Volume: 596,049 shs
Average Volume: 407,526 shs
Market Capitalization: $1.59 billion

P/E Ratio: 34.49
Dividend Yield: N/A
Price Target: $54.85

Ameresco MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.77 Rating Score
Upside/Downside: 80.7% Upside
$54.85 Price Target
Short Interest: Bearish
13.61% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.27
Upright™ Environmental Score
News Sentiment: 0.11
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$1.70 M Bought Last Quarter
Proj. Earnings Growth: 76.07%
From $1.17 to $2.06 Per Share

Overall MarketRank^™

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

2.97 out of 5 stars

Oils/Energy Sector

15th out of 210 stocks

Construction - Special Trade Contractors Industry

1st out of 7 stocks

4.4

Analyst's Opinion

Consensus Rating
Ameresco has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.85, Ameresco has a forecasted upside of 80.7% from its current price of $30.35.
Amount of Analyst Coverage
Ameresco has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
13.61% 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 8.3.
Change versus previous month
Short interest in Ameresco has recently increased by 15.47%, 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.

2.3

News and Social Media Coverage

News Sentiment
Ameresco has a news sentiment score of 0.11. 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 0.44 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
10 people have searched for AMRC on MarketBeat in the last 30 days. This is an increase of 900% compared to the previous 30 days.
MarketBeat Follows
7 people have added Ameresco to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ameresco insiders have bought 518.60% more of their company's stock than they have sold. Specifically, they have bought $1,700,350.00 in company stock and sold $274,870.00 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ameresco are expected to grow by 76.07% in the coming year, from $1.17 to $2.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ameresco is 34.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ameresco is 34.49, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.32.
Price to Earnings Growth Ratio
Ameresco has a PEG Ratio of 1.22. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ameresco has a P/B Ratio of 1.81. 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 Stock (NYSE:AMRC)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AMRC Stock News Headlines

November 29, 2023 | benzinga.com

HSGS-Ameresco LLC Awarded Contract to Construct 6.25MW Solar Generation Plant at Military Ocean Terminal Concord

November 29, 2023 | finance.yahoo.com

Should You Be Concerned About Ameresco, Inc.'s (NYSE:AMRC) ROE?

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November 29, 2023 | seekingalpha.com

Ameresco: Capital-Hungry Business Throwing Off No Cash Flow To Shareholders

November 22, 2023 | seekingalpha.com

Ameresco: The Delayed Execution Of Projects Resulting In Subdued Performance

November 22, 2023 | benzinga.com

Massive Insider Trade At Ameresco

November 20, 2023 | markets.businessinsider.com

Ameresco Inks Battery Energy Storage System Contract With Silicon Valley Power: Details

November 20, 2023 | finance.yahoo.com

Ameresco Announces Battery Energy Storage System Contract with Silicon Valley Power

December 5, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 14, 2023 | benzinga.com

336K Reasons To Be Bullish On Ameresco Stock

November 14, 2023 | benzinga.com

Ameresco President and CEO Trades Company's Stock

November 14, 2023 | finance.yahoo.com

Founder of Ameresco Picks Up 2.0% More Stock

November 8, 2023 | nasdaq.com

Why Ameresco Stock Plunged Today

November 8, 2023 | msn.com

William Blair Downgrades Ameresco Inc. - (AMRC)

November 7, 2023 | finance.yahoo.com

Ameresco Inc (AMRC) Reports Q3 2023 Financial Results: Revenue at $335.

November 7, 2023 | msn.com

Oppenheimer Downgrades Ameresco Inc. - (AMRC)

November 7, 2023 | markets.businessinsider.com

Where Ameresco Stands With Analysts

November 7, 2023 | msn.com

Ameresco plunges to multiyear low on guidance cut, analyst downgrades

November 7, 2023 | finance.yahoo.com

Ameresco, Inc. (NYSE:AMRC) Q3 2023 Earnings Call Transcript

November 6, 2023 | finance.yahoo.com

Ameresco Reports Third Quarter 2023 Financial Results

November 6, 2023 | finance.yahoo.com

Ameresco Inc (AMRC) Reports Q3 2023 Financial Results: Revenue at $335. ...

October 26, 2023 | msn.com

Roth MKM Upgrades Ameresco Inc. - (AMRC)

October 25, 2023 | msn.com

Ameresco upgraded to Buy at Roth MKM after 50% drop from near-term peak

October 24, 2023 | finance.yahoo.com

The five-year decline in earnings might be taking its toll on Ameresco (NYSE:AMRC) shareholders as stock falls 17% over the past week

October 23, 2023 | markets.businessinsider.com

Craig-Hallum Releases a Buy Rating on Ameresco (AMRC)

October 20, 2023 | msn.com

Exane BNP Paribas Initiates Coverage of Ameresco Inc. - (AMRC) with Neutral Recommendation

October 19, 2023 | benzinga.com

Ameresco Landfill Gas to Renewable Natural Gas Plant Operations Begin at Republic Services' Benson Valley Landfill

See More Headlines

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Company Calendar

Last Earnings: 11/06/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/26/2024

Get Stock Alerts

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 Target: $54.85
High Stock Price Target: $80.00
Low Stock Price Target: $38.00
Potential Upside/Downside: +80.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.77
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.88
Trailing P/E Ratio: 34.50
Forward P/E Ratio: 25.95
P/E Growth: 1.22
Net Income: $94.93 million
Net Margins: 3.69%
Pretax Margin: 2.78%
Return on Equity: 5.59%
Return on Assets: 1.60%

Debt

Debt-to-Equity Ratio: 1.14
Current Ratio: 1.17
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 0.87
Cash Flow: $2.91 per share
Price / Cash Flow: 10.42
Book Value: $16.81 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 52,240,000
Free Float: 30,427,000
Market Cap: $1.59 billion
Optionable: Optionable
Beta: 1.53

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Key Executives

Mr. George P. Sakellaris P.E. (Age 76)
Founder, Chairman, CEO & President
Comp: $1.46M
Mr. Spencer Doran Hole (Age 54)
Executive VP & CFO
Comp: $439.38k
Mr. Michael T. Bakas (Age 54)
Executive Vice President
Comp: $455.88k
Ms. Nicole Allen Bulgarino (Age 50)
Executive VP & GM of Federal Solutions
Comp: $459.52k
Ms. Britta I. MacIntosh P.E. (Age 55)
Executive VP & GM of West Region and Europe
Comp: $458.25k
Mr. Mark A. Chiplock (Age 53)
Senior VP of Finance & Chief Accounting Officer
Comp: $497.2k
Mr. David J. Corrsin (Age 64)
Executive VP, General Counsel, Corporate Secretary & Director
Comp: $452.51k
Ms. Leila Dillon
Senior Vice President of Corporate Marketing & Communications
Ms. Lenka Patten
Senior VP & Chief Human Resources Officer
Mr. Louis P. Maltezos (Age 56)
Executive Vice President of Central Region & Canada Operations
Comp: $413.78k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ameresco stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last year. There are currently 3 hold ratings and 10 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 target for 2024?: 13 Wall Street analysts have issued 12 month price objectives for Ameresco's shares. Their AMRC share price targets range from $38.00 to $80.00. On average, they predict the company's stock price to reach $54.85 in the next year. This suggests a possible upside of 80.7% 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 at the beginning of 2023. Since then, AMRC stock has decreased by 46.9% and is now trading at $30.35.
View the best growth stocks for 2023 here.
Are investors shorting Ameresco?: Ameresco saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,330,000 shares, an increase of 15.5% from the October 31st total of 3,750,000 shares. Based on an average daily trading volume, of 521,700 shares, the days-to-cover ratio is presently 8.3 days. Currently, 13.6% of the company's stock are sold short.
View Ameresco's Short Interest.
When is Ameresco's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our AMRC earnings forecast.
How were Ameresco's earnings last quarter?: Ameresco, Inc. (NYSE:AMRC) released its quarterly earnings data on Monday, November, 6th. The utilities provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by $0.07. The utilities provider earned $335.15 million during the quarter, compared to analyst estimates of $385.05 million. Ameresco had a trailing twelve-month return on equity of 5.59% and a net margin of 3.69%. The firm's revenue was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 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 S&P 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 FY23 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of $1.15-1.25 for the period, compared to the consensus estimate of $1.74. The company issued revenue guidance of $1.315-1.370 billion, compared to the consensus revenue estimate of $1.53 billion.
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).
Who are Ameresco's major shareholders?: Ameresco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (5.32%), Wellington Management Group LLP (2.24%), abrdn plc (1.62%), Guinness Asset Management LTD (1.25%), DekaBank Deutsche Girozentrale (1.19%) and Royal Bank of Canada (1.15%). Insiders that own company stock include Britta Macintosh, David Anderson, David J Corrsin, Douglas I Foy, Francis V Wisneski Jr, George P Sakellaris, George P Sakellaris, Joseph W Sutton, Joseph W Sutton, Lauren Todd, Louis P Maltezos, Mark Chiplock, Michael T Bakas, Nickolas Stavropoulos, Nicole E Bulgarino, Robert Georgeoff, Spencer Doran Hole and Thomas S Murley.
View institutional ownership trends.
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.

This page (NYSE:AMRC) was last updated on 12/5/2023 by MarketBeat.com Staff

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