Ameresco (NYSE:AMRC) Stock Price Down 16.7% – Here’s Why

Ameresco, Inc. (NYSE:AMRC) shares traded down 16.7% on Friday . The company traded as low as $29.04 and last traded at $27.2490. 356,537 shares were traded during trading, a decline of 35% from the average session volume of 545,126 shares. The stock had previously closed at $32.73.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. B. Riley Financial raised their price objective on shares of Ameresco from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus reissued a “buy” rating and set a $38.00 price objective (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Zacks Research raised shares of Ameresco from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.56.

Ameresco Stock Performance

The stock’s 50-day moving average is $28.99 and its 200-day moving average is $30.16. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 48.20, a price-to-earnings-growth ratio of 2.75 and a beta of 2.58. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, May 4th. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a return on equity of 3.33% and a net margin of 1.59%.The firm had revenue of $401.46 million for the quarter, compared to analyst estimates of $362.92 million. During the same quarter last year, the business posted ($0.11) EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Analysts anticipate that Ameresco, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Francis V. Wisneski, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $36.12, for a total transaction of $180,600.00. Following the sale, the director owned 25,232 shares in the company, valued at approximately $911,379.84. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nickolas Stavropoulos sold 1,355 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director owned 14,111 shares in the company, valued at approximately $479,774. This trade represents a 8.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 26,730 shares of company stock worth $861,813. 45.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently made changes to their positions in AMRC. State of Wyoming acquired a new position in shares of Ameresco in the 4th quarter valued at $27,000. Fifth Third Bancorp acquired a new position in shares of Ameresco in the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ameresco in the 4th quarter valued at $48,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ameresco by 99.4% in the 2nd 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. Finally, Summit Securities Group LLC acquired a new position in shares of Ameresco in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

About Ameresco

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.