Ameresco - AMRC Stock Forecast, Price & News

12 Wall Street 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 research analysts is that investors should "buy" AMRC shares.
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12 analysts have issued twelve-month price targets 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 $66.79 in the next year. This suggests a possible upside of 53.5% from the stock's current price.
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Ameresco's stock was trading at $57.14 at the start of the year. Since then, AMRC shares have decreased by 23.9% and is now trading at $43.50.
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Ameresco saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 3,180,000 shares, a drop of 5.4% from the January 31st total of 3,360,000 shares. Based on an average trading volume of 245,500 shares, the days-to-cover ratio is currently 13.0 days. Approximately 10.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our AMRC earnings forecast.

Ameresco, Inc. (NYSE:AMRC) posted its quarterly earnings data on Monday, February, 27th. The utilities provider reported $0.35 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 prior year, the company posted $0.50 EPS.

ETFs with the largest weight of Ameresco (NYSE:AMRC) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), ALPS Clean Energy ETF (ACES), Global X Clean Tech ETF (CTEC), 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 issued an update on its first quarter 2023 earnings guidance on Monday, February, 27th. The company provided EPS 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."

Ameresco's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Handelsbanken Fonder AB (4.43%), Macquarie Group Ltd. (2.30%), abrdn plc (1.92%), Fred Alger Management LLC (1.72%), Lord Abbett & CO. LLC (1.56%) and Stephens Investment Management Group LLC (1.52%). 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 $43.50.

Ameresco (NYSE:AMRC) has a market capitalization of $2.26 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.