Ameresco (NYSE:AMRC) Downgraded by Wall Street Zen to Sell

Ameresco (NYSE:AMRC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on AMRC. Baird R W raised shares of Ameresco from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. B. Riley upped their price target on shares of Ameresco from $22.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. UBS Group raised shares of Ameresco from a “sell” rating to a “neutral” rating and upped their price target for the stock from $11.00 to $23.00 in a research report on Monday, August 18th. Jefferies Financial Group raised shares of Ameresco from a “hold” rating to a “buy” rating and upped their price target for the stock from $19.00 to $39.00 in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Ameresco currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Ameresco Price Performance

Shares of AMRC opened at $37.57 on Friday. The company has a 50 day moving average price of $25.64 and a 200-day moving average price of $17.99. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $38.00. The stock has a market capitalization of $1.97 billion, a PE ratio of 32.11, a PEG ratio of 1.86 and a beta of 2.33. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.54 and a current ratio of 1.56.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.00%. The firm had revenue of $472.28 million during the quarter, compared to analysts’ expectations of $415.30 million. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Equities analysts predict that Ameresco will post 1.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in Ameresco by 1,832.5% during the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after purchasing an additional 1,683,326 shares in the last quarter. DNB Asset Management AS increased its stake in Ameresco by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 1,189,714 shares of the utilities provider’s stock valued at $18,072,000 after purchasing an additional 43,411 shares in the last quarter. Wellington Management Group LLP increased its stake in Ameresco by 12.8% during the 1st quarter. Wellington Management Group LLP now owns 1,100,116 shares of the utilities provider’s stock valued at $13,289,000 after purchasing an additional 125,030 shares in the last quarter. Gagnon Securities LLC increased its stake in Ameresco by 69.6% during the 1st quarter. Gagnon Securities LLC now owns 968,528 shares of the utilities provider’s stock valued at $11,700,000 after purchasing an additional 397,326 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Ameresco by 33.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 753,807 shares of the utilities provider’s stock valued at $11,450,000 after purchasing an additional 187,380 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Company Profile

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.