Ameresco (NYSE:AMRC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Ameresco (NYSE:AMRC) from a hold rating to a sell rating in a report released on Saturday.

Several other equities research analysts also recently weighed in on the stock. BNP Paribas Exane reissued a “neutral” rating and set a $40.00 price target on shares of Ameresco in a research report on Tuesday, October 21st. Stifel Nicolaus lifted their target price on Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Roth Capital restated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.70.

Ameresco Price Performance

Shares of NYSE:AMRC opened at $31.06 on Friday. The business has a fifty day moving average price of $31.99 and a 200-day moving average price of $28.80. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50. The company has a market capitalization of $1.64 billion, a PE ratio of 26.10, a PEG ratio of 1.01 and a beta of 2.50. Ameresco has a 1-year low of $8.49 and a 1-year high of $44.93.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. The company had revenue of $525.99 million for the quarter, compared to analysts’ expectations of $518.41 million. During the same quarter in the previous year, the business posted $0.33 EPS. Ameresco’s revenue was up 5.0% compared to the same quarter last year. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts expect that Ameresco will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Ameresco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ameresco by 2.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Ameresco by 2.3% during the 4th quarter. Moody National Bank Trust Division now owns 40,673 shares of the utilities provider’s stock worth $1,191,000 after acquiring an additional 917 shares during the last quarter. Swiss National Bank grew its position in shares of Ameresco by 1.6% during the 3rd quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after acquiring an additional 1,000 shares during the period. Creative Planning grew its position in shares of Ameresco by 10.7% during the 3rd quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,070 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Ameresco in the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.