Key Points
- Director Jennifer Miller sold 10,000 shares of Ameresco on May 18 at an average price of $32.27, totaling $322,700. After the sale, she still held 22,111 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Ameresco recently reported mixed quarterly results, posting an EPS loss of $0.33 versus the expected $0.27 loss, but revenue of $401.46 million beat estimates and rose 13.8% year over year.
- Analyst sentiment is cautious overall: the stock currently carries an average “Hold” rating with a $42.56 target price, though recent ratings have ranged from Buy to Strong Sell.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Nickolas Stavropoulos sold 1,355 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the completion of the sale, the director directly owned 14,111 shares in the company, valued at approximately $479,774. This trade represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nickolas Stavropoulos also recently made the following trade(s):
- On Thursday, February 19th, Nickolas Stavropoulos sold 400 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total transaction of $13,600.00.
- On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00.
Ameresco Trading Down 6.5%
Shares of NYSE AMRC opened at $29.01 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market cap of $1.54 billion, a P/E ratio of 50.01, a price-to-earnings-growth ratio of 2.58 and a beta of 2.55. Ameresco, Inc. has a 1 year low of $12.95 and a 1 year high of $44.93. The firm has a 50-day moving average of $27.26 and a 200 day moving average of $30.36.
Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm had revenue of $401.46 million during the quarter, compared to analysts' expectations of $362.92 million. During the same period last year, the firm posted ($0.11) earnings per share. The firm's quarterly revenue was up 13.8% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, sell-side analysts expect that Ameresco, Inc. will post 1.09 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AMRC. Canaccord Genuity Group upped their price target on shares of Ameresco from $50.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Robert W. Baird cut their price objective on shares of Ameresco from $44.00 to $36.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Ameresco from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday, May 6th. William Blair upgraded shares of Ameresco to a "hold" rating in a report on Tuesday, January 27th. Finally, B. Riley Financial increased their target price on shares of Ameresco from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $42.56.
Check Out Our Latest Stock Report on Ameresco
Hedge Funds Weigh In On Ameresco
Institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new position in Ameresco during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco during the 4th quarter worth approximately $48,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco during the 1st quarter worth approximately $44,000. Summit Securities Group LLC acquired a new stake in shares of Ameresco during the 4th quarter worth approximately $55,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco during the 3rd quarter worth approximately $76,000. 99.24% of the stock is owned by hedge funds and other institutional investors.
Ameresco Company Profile
(
Get Free Report)
Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.
Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
