Ameresco - AMRC Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMRC shares.
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12 Wall Street research analysts have issued 1 year price objectives for Ameresco's stock. Their AMRC share price forecasts range from $44.00 to $82.00. On average, they expect the company's share price to reach $66.79 in the next twelve months. This suggests a possible upside of 35.7% from the stock's current price.
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Ameresco's stock was trading at $57.14 at the beginning of 2023. Since then, AMRC shares have decreased by 13.9% and is now trading at $49.22.
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Ameresco saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 3,180,000 shares, a decrease of 5.4% from the January 31st total of 3,360,000 shares. Based on an average daily trading volume, of 245,500 shares, the short-interest ratio is currently 13.0 days. Currently, 10.0% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Ameresco will be holding an earnings conference call on Monday, May 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Ameresco, Inc. (NYSE:AMRC) posted its quarterly earnings results on Monday, February, 27th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.04. The utilities provider earned $331.73 million during the quarter, compared to the consensus estimate of $365.63 million. Ameresco had a net margin of 5.20% and a trailing twelve-month return on equity of 12.44%. The firm's quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS.

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), ALPS Clean Energy ETF (ACES), Invesco WilderHill Clean Energy ETF (PBW), Invesco Global Clean Energy ETF (PBD), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Blue Horizon BNE ETF (BNE) and VanEck Green Infrastructure ETF (RNEW).

Ameresco updated its first quarter 2023 earnings guidance on Monday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $220.00 million-$240.00 million, compared to the consensus revenue estimate of $354.90 million.

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.

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).

Ameresco trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMRC."

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.
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One share of AMRC stock can currently be purchased for approximately $49.22.

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 $1.78 on an earnings per share basis.

The company employs 1,363 workers across the globe.

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.