Key Points
- Ameresco Director Brian Cox purchased 39,700 shares at an average price of $25.07, representing a total investment of $995,279 and giving him a new 39,700-share position.
- Ameresco reported quarterly revenue of $515.46 million, up 9.1% year over year, while earnings of $0.20 per share matched estimates. The stock was recently trading around $26, up 2.9%.
- Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $43.33; BNP Paribas Exane upgraded the stock to “outperform” and raised its target to $40.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George Sakellaris acquired 1,000 shares of the company's stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $25.27 per share, for a total transaction of $25,270.00. Following the acquisition, the chief executive officer owned 994,597 shares in the company, valued at approximately $25,133,466.19. The trade was a 0.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ameresco Price Performance
AMRC stock opened at $26.00 on Wednesday. The business has a 50 day moving average price of $25.68 and a 200 day moving average price of $28.12. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.85 and a beta of 2.62. Ameresco, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $44.93.
Ameresco (NYSE:AMRC - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. Equities research analysts anticipate that Ameresco, Inc. will post 1.24 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Northside Capital Management LLC purchased a new stake in shares of Ameresco in the second quarter valued at about $207,000. Handelsbanken Fonder AB increased its position in Ameresco by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider's stock valued at $23,680,000 after acquiring an additional 42,826 shares during the period. Optiver Holding B.V. increased its position in Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 2,005 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Ameresco during the 1st quarter valued at approximately $3,089,000. Finally, Bank of America Corp DE raised its stake in Ameresco by 64.7% during the 1st quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider's stock valued at $3,199,000 after acquiring an additional 49,279 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Ameresco from a "sell" rating to a "hold" rating in a research note on Saturday. Robert W. Baird reduced their target price on Ameresco from $44.00 to $36.00 and set an "outperform" rating for the company in a report on Tuesday, May 5th. Canaccord Genuity Group upped their target price on Ameresco from $59.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Weiss Ratings raised Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Finally, Guggenheim initiated coverage on Ameresco in a research note on Friday, May 22nd. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ameresco has an average rating of "Moderate Buy" and a consensus target price of $43.33.
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Ameresco Company Profile
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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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