NYSE:AMRC

Ameresco (AMRC) Stock Forecast, Price & News

$49.10

+1.61 (+3.39%)

(As of 06/7/2023 ET)

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Today's Range: $47.29
▼
$49.62
50-Day Range: $40.72
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$49.22
52-Week Range: $39.62
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$76.54

Volume: 285,934 shs
Average Volume: 350,171 shs
Market Capitalization: $2.56 billion

P/E Ratio: 33.18
Dividend Yield: N/A
Price Target: $64.07

Ameresco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.85 Rating Score
Upside/Downside: 30.5% Upside
$64.07 Price Target
Short Interest: Bearish
11.41% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.27
Upright™ Environmental Score
News Sentiment: 0.57
Based on 4 Articles This Week
Insider Trading: Selling Shares
$444,800 Sold Last Quarter
Proj. Earnings Growth: 33.89%
From $1.80 to $2.41 Per Share

Overall MarketRank^™

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

2.55 out of 5 stars

Oils/Energy Sector

65th out of 246 stocks

Construction - Special Trade Contractors Industry

3rd out of 8 stocks

3.4

Analyst's Opinion

Consensus Rating
Ameresco has received a consensus rating of Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $64.07, Ameresco has a forecasted upside of 30.5% from its current price of $49.08.
Amount of Analyst Coverage
Ameresco has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
11.41% 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 9.
Change versus previous month
Short interest in Ameresco has recently increased by 1.97%, indicating that investor sentiment is decreasing.

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.

1.4

News and Social Media Coverage

News Sentiment
Ameresco has a news sentiment score of 0.57. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ameresco this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for AMRC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Ameresco to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

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 $444,800.00 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
57.50% of the stock of Ameresco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ameresco are expected to grow by 33.89% in the coming year, from $1.80 to $2.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ameresco is 33.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ameresco is 33.16, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.72.
Price to Earnings Growth Ratio
Ameresco has a PEG Ratio of 1.05. 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 2.92. 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. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other. The U.S. Regions, U.S. Federal, and Canada segments offer energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility's energy infrastructure, and renewable energy solutions and services. The Non-Solar DG sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants, and operations and maintenance services for customer owned small-scale plants. The All Other segment focuses on the provision of enterprise energy management services, consulting services, and integrated-photovoltaic. The company was founded by George Peter Sakellaris on April 25, 2000 and is headquartered in Framingham, MA.

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AMRC Stock News Headlines

June 7, 2023 | benzinga.com

EVP and CFO at Ameresco Exercises Options Worth $239K

May 26, 2023 | americanbankingnews.com

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

June 7, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 24, 2023 | baystreet.ca

Ameresco Stumbles on Boulder, Colorado Connection

May 19, 2023 | americanbankingnews.com

Ameresco (NYSE:AMRC) Price Target Lowered to $53.00 at Bank of America

May 18, 2023 | msn.com

B of A Securities Maintains Ameresco Inc. - (AMRC) Buy Recommendation

May 18, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Buy Rating on Ameresco (AMRC)

May 17, 2023 | thestreet.com

Ameresco Inc. Class A

June 7, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

May 17, 2023 | finance.yahoo.com

Investing in Ameresco (NYSE:AMRC) five years ago would have delivered you a 273% gain

May 17, 2023 | americanbankingnews.com

William Blair Comments on Ameresco, Inc.'s Q3 2023 Earnings (NYSE:AMRC)

May 16, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: Aecom Technology (ACM), Ameresco (AMRC) and Hydrofarm Holdings Group (HYFM)

May 16, 2023 | markets.businessinsider.com

12 Analysts Have This to Say About Ameresco

May 16, 2023 | msn.com

EF Hutton Reiterates Ameresco Inc. - (AMRC) Buy Recommendation

May 16, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Ameresco, Inc. Lowered by Analyst (NYSE:AMRC)

May 11, 2023 | finance.yahoo.com

Ameresco Hosts 2023 Investor Day in London

May 9, 2023 | finance.yahoo.com

Ameresco Confirms Details of the 2023 Investor Day in London, UK

May 5, 2023 | americanbankingnews.com

Brokers Set Expectations for Ameresco, Inc.'s Q3 2023 Earnings (NYSE:AMRC)

May 4, 2023 | americanbankingnews.com

Ameresco, Inc. Expected to Post Q2 2023 Earnings of $0.14 Per Share (NYSE:AMRC)

May 4, 2023 | americanbankingnews.com

Ameresco (NYSE:AMRC) Shares Gap Up to $40.78

May 3, 2023 | americanbankingnews.com

Ameresco (NYSE:AMRC) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

May 2, 2023 | americanbankingnews.com

Ameresco (NYSE:AMRC) Coverage Initiated by Analysts at UBS Group

May 1, 2023 | seekingalpha.com

Ameresco, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 1, 2023 | finance.yahoo.com

Ameresco Reports First Quarter 2023 Financial Results

May 1, 2023 | finance.yahoo.com

Ameresco (AMRC) Q1 Earnings Miss Estimates

April 29, 2023 | americanbankingnews.com

Ameresco, Inc. (NYSE:AMRC) Forecasted to Post Q1 2023 Earnings of ($0.01) Per Share

April 29, 2023 | americanbankingnews.com

Ameresco, Inc. (NYSE:AMRC) Receives $65.79 Average Target Price from Analysts

See More Headlines

AMRC Price History

30 days | 90 days | 365 days | Advanced Chart

AMRC Company Calendar

Last Earnings: 5/01/2023
Today: 6/07/2023
Next Earnings (Estimated): 8/07/2023
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: $64.07
High Stock Price Forecast: $82.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +30.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.85
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.48
Trailing P/E Ratio: 33.18
Forward P/E Ratio: 27.28
P/E Growth: 1.05
Net Income: $94.93 million
Net Margins: 4.85%
Pretax Margin: 5.25%
Return on Equity: 9.74%
Return on Assets: 2.78%

Debt

Debt-to-Equity Ratio: 0.71
Current Ratio: 1.25
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 1.40
Cash Flow: $3.30 per share
Price / Cash Flow: 14.87
Book Value: $16.81 per share
Price / Book: 2.92

Miscellaneous

Outstanding Shares: 52,120,000
Free Float: 30,360,000
Market Cap: $2.56 billion
Optionable: Optionable
Beta: 1.27

Key Executives

George Peter Sakellaris
Chairman, President & Chief Executive Officer

Peter N. Christakis
Senior Vice President-Construction & Operations

Spencer Doran Hole
Chief Financial Officer & Senior Vice President

David John Corrsin
Secretary, Director, EVP & General Counsel

Nicole Allen Bulgarino
Executive Vice President & GM-Federal Solutions

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?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMRC shares.
View AMRC analyst ratings or view top-rated stocks.
What is Ameresco's stock price forecast for 2023?: 13 analysts have issued twelve-month target prices for Ameresco's shares. Their AMRC share price forecasts range from $44.00 to $82.00. On average, they anticipate the company's stock price to reach $64.07 in the next year. This suggests a possible upside of 30.5% 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 start of the year. Since then, AMRC shares have decreased by 14.1% and is now trading at $49.10.
View the best growth stocks for 2023 here.
When is Ameresco's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our AMRC earnings forecast.
How were Ameresco's earnings last quarter?: Ameresco, Inc. (NYSE:AMRC) released its quarterly earnings data on Monday, May, 1st. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The utilities provider earned $271.04 million during the quarter, compared to analyst estimates of $231.61 million. Ameresco had a trailing twelve-month return on equity of 9.74% and a net margin of 4.85%. The firm's quarterly revenue was down 42.8% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share.
What ETFs hold Ameresco's stock?: ETFs with the largest weight of Ameresco (NYSE:AMRC) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), Global X Clean Tech ETF (CTEC), Invesco WilderHill Clean Energy ETF (PBW), ALPS Clean Energy ETF (ACES), Invesco Global Clean Energy ETF (PBD), Blue Horizon BNE ETF (BNE), Ecofin U.S. Renewables Infrastructure Trust (RNEW) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
What guidance has Ameresco issued on next quarter's earnings?: Ameresco updated its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $0.10-$0.20 for the period, compared to the consensus estimate of $0.39. The company issued revenue guidance of $280.00 million-$300.00 million, compared to the consensus revenue estimate of $344.52 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."
Who are Ameresco's major shareholders?: Ameresco's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Grantham Mayo Van Otterloo & Co. LLC (7.37%), Handelsbanken Fonder AB (4.78%), BlackRock Inc. (4.26%), Macquarie Group Ltd. (2.33%), Macquarie Group Ltd. (2.33%) and abrdn plc (2.29%). Insiders that own company stock include 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.
What is Ameresco's stock price today?: One share of AMRC stock can currently be purchased for approximately $49.10.
How much money does Ameresco make?: Ameresco (NYSE:AMRC) has a market capitalization of $2.56 billion and generates $1.82 billion in revenue each year. The utilities provider earns $94.93 million in net income (profit) each year or $1.48 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 6/7/2023 by MarketBeat.com Staff

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