William Blair Upgrades Ameresco (NYSE:AMRC) to “Hold”

Ameresco (NYSE:AMRC) was upgraded by William Blair to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on AMRC. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. UBS Group lifted their target price on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. B. Riley increased their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, October 31st. BNP Paribas Exane upgraded shares of Ameresco to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus target price of $37.80.

Ameresco Trading Up 2.5%

Shares of NYSE:AMRC traded up $0.84 during trading on Tuesday, reaching $33.86. The stock had a trading volume of 64,320 shares, compared to its average volume of 513,793. Ameresco has a 52 week low of $8.49 and a 52 week high of $44.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. The firm’s fifty day moving average is $31.51 and its 200 day moving average is $30.01. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.10 and a beta of 2.50.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in Ameresco by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 679,355 shares of the utilities provider’s stock valued at $10,319,000 after acquiring an additional 84,960 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Ameresco by 1,832.5% in the 2nd quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock worth $26,965,000 after acquiring an additional 1,683,326 shares in the last quarter. Swedbank AB purchased a new stake in shares of Ameresco in the third quarter valued at about $3,895,000. First Eagle Investment Management LLC raised its holdings in shares of Ameresco by 33.1% in the second 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 during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Ameresco during the second quarter valued at about $2,300,000. 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.