Ameresco (AMRC) Stock Forecast, Price & News

13 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 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMRC shares.
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13 equities research analysts have issued 12-month price objectives for Ameresco's shares. Their AMRC share price forecasts range from $44.00 to $82.00. On average, they expect the company's stock price to reach $64.07 in the next twelve months. This suggests a possible upside of 39.3% from the stock's current price.
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Ameresco's stock was trading at $57.14 on January 1st, 2023. Since then, AMRC shares have decreased by 19.5% and is now trading at $45.98.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Ameresco, Inc. (NYSE:AMRC) released its quarterly earnings results on Monday, May, 1st. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The utilities provider had revenue of $271.04 million for 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%. Ameresco's revenue was down 42.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share.

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).

Ameresco updated its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $0.10-$0.20 for the period, compared to the consensus EPS 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.

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."

Ameresco's stock is owned by many different retail and institutional 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.
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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 $45.98.

Ameresco (NYSE:AMRC) has a market capitalization of $2.40 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.

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.