Key Points
- CEO George Sakellaris purchased 3,000 Ameresco shares at an average price of $22.13, investing $66,390 and increasing his stake by 0.30% to 1,013,597 shares.
- Ameresco reported quarterly revenue of $515.46 million, up 9.1% year over year, while earnings of $0.20 per share matched analyst expectations. The company issued fiscal 2026 EPS guidance of $1.15 to $1.35.
- Analysts give Ameresco a “Moderate Buy” consensus rating with an average price target of $41.89, while institutional investors own 99.24% of the company’s shares.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) CEO George Sakellaris bought 3,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of $22.13 per share, with a total value of $66,390.00. Following the completion of the acquisition, the chief executive officer owned 1,013,597 shares of the company's stock, valued at $22,430,901.61. This represents a 0.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ameresco Trading Up 2.1%
Shares of NYSE AMRC opened at $22.58 on Wednesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 43.42, a PEG ratio of 1.65 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The business's 50 day moving average is $24.36 and its two-hundred day moving average is $27.31. Ameresco, Inc. has a 1-year low of $18.38 and a 1-year high of $44.93.
Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%.The company had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the prior year, the firm posted $0.27 EPS. Ameresco's quarterly revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, research analysts expect that Ameresco, Inc. will post 1.22 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Canaccord Genuity Group increased their price objective on Ameresco from $59.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Guggenheim began coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a "neutral" rating for the company. Oppenheimer reaffirmed a "market perform" rating on shares of Ameresco in a research report on Tuesday, August 4th. Robert W. Baird reiterated a "neutral" rating and issued a $32.00 price target (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Finally, Weiss Ratings raised shares of Ameresco from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ameresco presently has an average rating of "Moderate Buy" and a consensus target price of $41.89.
Read Our Latest Report on Ameresco
Institutional Investors Weigh In On Ameresco
Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in Ameresco by 3,311.5% during the second quarter. California State Teachers Retirement System now owns 1,020,234 shares of the utilities provider's stock valued at $28,158,000 after acquiring an additional 990,328 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Ameresco during the 2nd quarter worth about $2,657,000. Northside Capital Management LLC purchased a new stake in shares of Ameresco during the 2nd quarter worth about $207,000. Handelsbanken Fonder AB grew its position in shares of Ameresco by 5.3% during 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. Finally, Optiver Holding B.V. increased its stake in shares of 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 purchasing an additional 2,005 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.
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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