Ameresco - AMRC Stock Forecast, Price & News

Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. 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 located in Ireland. 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, 2021, the company owned and operated 147 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMRC. Craig Hallum reduced their price objective on Ameresco from $95.00 to $82.00 and set a "buy" rating for the company in a research report on Tuesday, August 2nd. Guggenheim set a $58.00 target price on Ameresco in a report on Monday, June 20th. Stifel Nicolaus reduced their target price on Ameresco from $91.00 to $82.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Piper Sandler cut their price objective on Ameresco from $62.00 to $57.00 and set a "neutral" rating for the company in a report on Tuesday, July 19th. Finally, Robert W. Baird lowered their target price on Ameresco from $73.00 to $70.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ameresco currently has an average rating of "Hold" and an average price target of $72.15.

Ameresco Price Performance

Shares of AMRC Stock opened at $70.91 on Friday. The stock's 50-day moving average is $52.22 and its 200 day moving average is $58.26. Ameresco has a 1-year low of $40.73 and a 1-year high of $101.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 1.74. The company has a market cap of $3.67 billion, a P/E ratio of 39.61, a PEG ratio of 1.39 and a beta of 1.22.

Ameresco (NYSE:AMRC - Get Rating) last released its quarterly earnings results on Monday, August 1st. The utilities provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Ameresco had a net margin of 5.47% and a return on equity of 13.93%. During the same period in the previous year, the company posted $0.34 EPS. Research analysts predict that Ameresco will post 1.92 earnings per share for the current fiscal year.