Ameresco (NYSE:AMRC) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Ameresco (NYSE:AMRC) from a strong sell rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group increased their price target on shares of Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Robert W. Baird dropped their price target on shares of Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Finally, Cantor Fitzgerald increased their price target on shares of Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.56.

Ameresco Stock Performance

Shares of Ameresco stock opened at $32.74 on Wednesday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 56.45, a P/E/G ratio of 2.75 and a beta of 2.58. Ameresco has a 52 week low of $14.08 and a 52 week high of $44.93. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. The firm’s 50 day moving average is $28.99 and its two-hundred day moving average is $30.16.

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

Insider Activity

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

Institutional Investors Weigh In On Ameresco

Several large investors have recently modified their holdings of AMRC. State of Wyoming acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new stake in shares of Ameresco during the first quarter worth $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ameresco during the fourth quarter worth $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,754 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Ameresco during the fourth quarter worth $55,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.