Canaccord Genuity Group Forecasts Strong Price Appreciation for Ameresco (NYSE:AMRC) Stock

Ameresco (NYSE:AMRC) had its target price increased by analysts at Canaccord Genuity Group from $59.00 to $62.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 171.60% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Zacks Research raised Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Robert W. Baird cut their price target on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Cantor Fitzgerald increased their price target on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Finally, Guggenheim initiated coverage on Ameresco in a research note on Friday, May 22nd. They issued a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.89.

Ameresco Stock Up 8.3%

Ameresco stock opened at $22.83 on Tuesday. The firm has a 50 day moving average price of $26.86 and a 200-day moving average price of $28.36. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 1.64. Ameresco has a twelve month low of $15.90 and a twelve month high of $44.93. The company has a market capitalization of $1.21 billion, a P/E ratio of 39.36, a P/E/G ratio of 1.70 and a beta of 2.62.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The company had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the previous year, the firm posted $0.27 EPS. Ameresco’s revenue was up 9.1% on a year-over-year basis. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, equities analysts predict that Ameresco will post 1.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Nickolas Stavropoulos sold 1,355 shares of the company’s stock in a transaction dated 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 directly owned 14,111 shares in the company, valued at $479,774. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares in the company, valued at approximately $764,277.28. The trade was a 28.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,355 shares of company stock worth $852,270 in the last quarter. 45.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Hedge funds have recently bought and sold shares of the company. Northside Capital Management LLC purchased a new stake in Ameresco in the 2nd quarter worth approximately $207,000. Handelsbanken Fonder AB increased its holdings in shares of Ameresco by 5.3% in the second quarter. Handelsbanken Fonder AB now owns 857,979 shares of the utilities provider’s stock worth $23,680,000 after purchasing an additional 42,826 shares during the period. Optiver Holding B.V. increased its holdings in shares of Ameresco by 550.8% in the first quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 2,005 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Ameresco in the first quarter worth $3,089,000. Finally, Bank of America Corp DE raised its position in shares of Ameresco by 64.7% in the first quarter. Bank of America Corp DE now owns 125,441 shares of the utilities provider’s stock worth $3,199,000 after buying an additional 49,279 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Key Ameresco News

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Ameresco booked approximately $1.8 billion in new awards, supported by continued power-demand growth. The awards strengthen future revenue visibility and reinforce the company’s energy-infrastructure pipeline. Reuters: Ameresco books $1.8 billion in new awards
• Positive Sentiment: Second-quarter revenue reached $515.5 million, exceeding the $465.2 million analyst consensus by roughly 11% and increasing 9.1% from the prior-year quarter. The revenue beat was a key catalyst for the stock’s advance. Ameresco Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Ameresco’s backlog rose 32% to a record level, suggesting stronger visibility into future project activity and helping support investor expectations for growth. Ameresco backlog rises to a record
• Positive Sentiment: Fiscal 2026 adjusted EPS guidance was set at $1.15 to $1.35, above the approximately $1.09 analyst consensus. The guidance range implies management sees improved earnings potential despite ongoing project and macroeconomic execution risks. Ameresco Q2 2026 earnings call transcript
• Neutral Sentiment: Quarterly EPS was $0.20, in line with estimates, while full-year revenue guidance of $2.0 billion to $2.2 billion broadly brackets the $2.1 billion consensus. Ameresco meets Q2 earnings estimates
• Negative Sentiment: Although revenue grew, EPS declined from $0.27 a year earlier to $0.20, underscoring pressure on profitability. Ameresco also reported a relatively low net margin of 1.59%, which could limit the durability of the rally if margins do not improve. Key metrics from Ameresco Q2 earnings

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.