Key Points
- Ameresco director Francis Wisneski, Jr. sold 10,000 shares on May 19 at an average price of $30.29, reducing his position by 28.38% and leaving him with 25,232 shares.
- The company recently reported mixed quarterly results: revenue rose 13.8% year over year to $401.46 million, but EPS of -$0.33 missed analyst expectations of -$0.27.
- Analysts remain divided on AMRC, with an average Hold rating and a consensus price target of $42.56, while recent target changes ranged from $36 to $59.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Francis Wisneski, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total value of $302,900.00. Following the completion of the sale, the director owned 25,232 shares of the company's stock, valued at $764,277.28. This represents a 28.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ameresco Price Performance
Shares of AMRC stock opened at $30.19 on Friday. The stock has a 50 day moving average of $27.40 and a two-hundred day moving average of $30.23. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. Ameresco, Inc. has a 12 month low of $12.95 and a 12 month high of $44.93. The company has a market capitalization of $1.60 billion, a P/E ratio of 52.05, a P/E/G ratio of 2.43 and a beta of 2.55.
Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $362.92 million. During the same quarter in the prior year, the business posted ($0.11) EPS. Ameresco's revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, equities analysts expect that Ameresco, Inc. will post 1.1 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have commented on AMRC shares. Cantor Fitzgerald raised their price objective on Ameresco from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday. Weiss Ratings downgraded Ameresco from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, May 6th. Robert W. Baird reduced their price objective on Ameresco from $44.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 5th. Canaccord Genuity Group raised their price objective on Ameresco from $50.00 to $59.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus restated a "buy" rating and set a $38.00 target price (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.56.
Check Out Our Latest Research Report on AMRC
Hedge Funds Weigh In On Ameresco
Hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ameresco by 318.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,788 shares of the utilities provider's stock worth $3,620,000 after buying an additional 82,015 shares during the period. Royce & Associates LP lifted its position in shares of Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider's stock worth $32,371,000 after buying an additional 640,106 shares during the period. Erste Asset Management GmbH lifted its position in shares of Ameresco by 41.2% during the 3rd quarter. Erste Asset Management GmbH now owns 154,019 shares of the utilities provider's stock worth $5,261,000 after buying an additional 44,949 shares during the period. Swedbank AB lifted its position in shares of Ameresco by 219.0% during the 4th quarter. Swedbank AB now owns 370,000 shares of the utilities provider's stock worth $10,837,000 after buying an additional 254,000 shares during the period. Finally, Portolan Capital Management LLC bought a new position in shares of Ameresco during the 3rd quarter worth approximately $5,873,000. Institutional investors own 99.24% of the company's stock.
About Ameresco
(
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.
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