Ameresco (NYSE:AMRC) Trading Up 11% After Analyst Upgrade

Ameresco, Inc. (NYSE:AMRC) shares traded up 11% during trading on Wednesday after B. Riley raised their price target on the stock from $22.00 to $32.00. B. Riley currently has a buy rating on the stock. Ameresco traded as high as $27.95 and last traded at $27.60. 209,968 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 668,857 shares. The stock had previously closed at $24.87.

A number of other equities research analysts have also issued reports on the company. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. Baird R W raised Ameresco from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Jefferies Financial Group upped their target price on shares of Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 23rd. Finally, UBS Group raised Ameresco from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $11.00 to $23.00 in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMRC. Headlands Technologies LLC acquired a new position in Ameresco during the first quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its position in Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the last quarter. GAMMA Investing LLC boosted its position in Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 4,557 shares during the last quarter. AlphaQuest LLC acquired a new position in Ameresco during the first quarter valued at approximately $114,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Ameresco by 57.4% in the first quarter. Advisors Asset Management Inc. now owns 9,744 shares of the utilities provider’s stock valued at $118,000 after buying an additional 3,554 shares during the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Ameresco Stock Performance

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.40 and a beta of 2.26. The stock has a 50-day moving average price of $20.98 and a 200-day moving average price of $15.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.54.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $472.28 million during the quarter, compared to analysts’ expectations of $415.30 million. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.