Key Points
- Ameresco insider Louis Maltezos sold 592 shares at an average price of $22.46, totaling $13,296.32. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 1.73% to 33,628 shares.
- Ameresco reported quarterly revenue of $515.46 million, exceeding estimates of $465.18 million, while earnings per share matched expectations at $0.20. Revenue increased 9.1% year over year.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $41.89 versus the stock’s reported opening price of $23.77.
Ameresco, Inc. (NYSE:AMRC - Get Free Report) insider Louis Maltezos sold 592 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total value of $13,296.32. Following the completion of the sale, the insider directly owned 33,628 shares in the company, valued at $755,284.88. This represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ameresco Stock Performance
Shares of AMRC opened at $23.77 on Friday. Ameresco, Inc. has a 1 year low of $18.38 and a 1 year high of $44.93. The stock has a market capitalization of $1.26 billion, a PE ratio of 45.72, a PEG ratio of 1.70 and a beta of 2.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a 50-day simple moving average of $23.53 and a 200-day simple moving average of $26.49.
Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $515.46 million for the quarter, compared to analyst estimates of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, analysts predict that Ameresco, Inc. will post 1.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AMRC. Robert W. Baird restated a "neutral" rating and issued a $32.00 price objective (down from $36.00) on shares of Ameresco in a report on Tuesday, August 18th. Cantor Fitzgerald decreased their price target on Ameresco from $44.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, August 27th. Jefferies Financial Group raised Ameresco to a "strong-buy" rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded Ameresco from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, BNP Paribas Exane raised Ameresco from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $34.00 to $40.00 in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.89.
Check Out Our Latest Analysis on Ameresco
Hedge Funds Weigh In On Ameresco
Several hedge funds have recently made changes to their positions in AMRC. Fifth Third Bancorp purchased a new stake in shares of Ameresco in the 1st quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Ameresco during the fourth quarter worth approximately $48,000. Optiver Holding B.V. lifted its stake in Ameresco by 550.8% in the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider's stock valued at $60,000 after buying an additional 2,005 shares during the last quarter. Northside Capital Management LLC acquired a new stake in shares of Ameresco in the second quarter valued at approximately $207,000. Finally, Entropy Technologies LP purchased a new position in shares of Ameresco during the first quarter worth approximately $216,000. Hedge funds and other institutional investors own 99.24% of the company's stock.
About Ameresco
(
Get Free Report)
Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.
Ameresco's services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.
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