Key Points
- Ameresco Director Francis Wisneski, Jr. sold 5,000 shares on May 29 at an average price of $36.12, totaling $180,600. After the sale, he still owned 25,232 shares, reducing his position by 16.54%.
- The company recently reported mixed quarterly results: EPS came in at ($0.33), missing estimates, while revenue of $401.46 million beat expectations and rose 13.8% year over year.
- Analyst sentiment remains mixed to cautious, with an average rating of “Hold” and an average price target of $42.56, while institutional investors continue to hold the vast majority of the stock.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) Director Francis Wisneski, Jr. sold 5,000 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $36.12, for a total value of $180,600.00. Following the completion of the transaction, the director owned 25,232 shares in the company, valued at approximately $911,379.84. This represents a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ameresco Price Performance
Ameresco stock opened at $36.10 on Wednesday. The business's 50-day simple moving average is $28.60 and its 200 day simple moving average is $30.13. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 62.24, a P/E/G ratio of 2.85 and a beta of 2.58. Ameresco, Inc. has a 12-month low of $13.36 and a 12-month high of $44.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64.
Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly 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). The firm had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. Ameresco's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. As a group, research analysts anticipate that Ameresco, Inc. will post 1.1 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on AMRC. Weiss Ratings upgraded Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, May 26th. Stifel Nicolaus reiterated a "buy" rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Robert W. Baird decreased their price target on Ameresco from $44.00 to $36.00 and set an "outperform" rating on the stock in a report on Tuesday, May 5th. B. Riley Financial raised their target price on Ameresco from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Finally, UBS Group reduced their target price on Ameresco from $40.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, March 13th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Ameresco has an average rating of "Hold" and an average price target of $42.56.
Check Out Our Latest Research Report on Ameresco
Institutional Investors Weigh In On Ameresco
A number of hedge funds have recently modified their holdings of AMRC. AQR Capital Management LLC acquired a new stake in shares of Ameresco during the first quarter worth about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider's stock worth $513,000 after purchasing an additional 884 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ameresco by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider's stock worth $2,687,000 after purchasing an additional 42,499 shares during the period. Empowered Funds LLC acquired a new stake in shares of Ameresco during the first quarter worth about $1,187,000. Finally, Creative Planning acquired a new stake in shares of Ameresco during the second quarter worth about $153,000. Institutional investors and hedge funds own 99.24% of the company's stock.
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.
Further Reading
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