Ameresco (NYSE:AMRC) Hits New 12-Month Low – Here’s What Happened

Ameresco, Inc. (NYSE:AMRC) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $18.32 and last traded at $18.3950, with a volume of 55,807 shares trading hands. The stock had previously closed at $18.53.

Analysts Set New Price Targets

Several brokerages have commented on AMRC. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research downgraded Ameresco from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Cantor Fitzgerald dropped their price target on Ameresco from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Finally, Weiss Ratings raised Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.89.

Ameresco Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.66 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $992.94 million, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.38 and a beta of 2.62. The stock’s 50-day moving average is $22.03 and its two-hundred day moving average is $25.51.

Ameresco (NYSE:AMRC) last announced its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Ameresco had a return on equity of 2.82% and a net margin of 1.40%. The business had revenue of $515.46 million during the quarter, compared to analyst estimates of $465.18 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, equities analysts predict that Ameresco, Inc. will post 1.22 EPS for the current year.

Insiders Place Their Bets

In other Ameresco news, CEO George Sakellaris acquired 5,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were bought at an average price of $20.91 per share, with a total value of $104,550.00. Following the transaction, the chief executive officer directly owned 1,000,597 shares of the company’s stock, valued at $20,922,483.27. The trade was a 0.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian Cox bought 39,700 shares of Ameresco stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $25.07 per share, for a total transaction of $995,279.00. Following the purchase, the director owned 39,700 shares of the company’s stock, valued at approximately $995,279. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 75,025 shares of company stock worth $1,778,963 in the last 90 days. 45.10% of the stock is owned by insiders.

Institutional Trading of Ameresco

A number of large investors have recently made changes to their positions in AMRC. Farther Finance Advisors LLC grew its holdings in shares of Ameresco by 458.8% in the third quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,037 shares during the last quarter. Fifth Third Bancorp purchased a new position in Ameresco in the 1st quarter worth about $44,000. Optiver Holding B.V. increased its stake in Ameresco by 550.8% in the 1st quarter. Optiver Holding B.V. now owns 2,369 shares of the utilities provider’s stock worth $60,000 after buying an additional 2,005 shares during the period. Northside Capital Management LLC bought a new stake in Ameresco during the 2nd quarter valued at about $207,000. Finally, Entropy Technologies LP bought a new stake in Ameresco during the 1st quarter valued at about $216,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc (NYSE:AMRC) is an energy solutions and renewable energy company that develops, designs, constructs, and operates energy efficiency and infrastructure projects. Its services help public- and private-sector organizations reduce energy consumption, improve facility performance, and transition to lower-carbon energy sources.

The company’s offerings include energy-as-a-service programs, energy audits and efficiency upgrades, solar power systems, battery energy storage, microgrids, distributed energy resources, LED lighting, heating and cooling systems, and renewable natural gas projects.