Ameresco (NYSE:AMRC) Stock Price Target Cut by Canaccord Genuity Group

Ameresco (NYSE:AMRC) had its price objective dropped by Canaccord Genuity Group from $62.00 to $61.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Canaccord Genuity Group‘s price objective would indicate a potential upside of 125.47% from the stock’s current price.

Several other brokerages have also recently issued reports on AMRC. BNP Paribas Exane upgraded Ameresco from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Cantor Fitzgerald dropped their target price on Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Finally, UBS Group upped their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.71.

Ameresco Stock Performance

Shares of NYSE AMRC traded down $0.56 during mid-day trading on Wednesday, hitting $27.05. The stock had a trading volume of 419,471 shares, compared to its average volume of 598,489. The firm has a market cap of $1.44 billion, a PE ratio of 35.53, a PEG ratio of 1.67 and a beta of 2.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The company has a 50 day moving average of $21.57 and a two-hundred day moving average of $26.17. Ameresco has a twelve month low of $18.09 and a twelve month high of $37.14.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, November 9th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.31. The company had revenue of $580.32 million during the quarter, compared to analysts’ expectations of $572.89 million. Ameresco had a return on equity of 5.13% and a net margin of 2.01%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Research analysts predict that Ameresco will post 1.22 EPS for the current fiscal year.

Insider Activity

In other news, Director Jennifer Miller bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $20.96 per share, for a total transaction of $41,920.00. Following the purchase, the director directly owned 34,546 shares in the company, valued at approximately $724,084.16. This trade represents a 6.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Sakellaris purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $20.91 per share, for a total transaction of $104,550.00. Following the completion of the acquisition, the chief executive officer directly owned 1,000,597 shares of the company’s stock, valued at $20,922,483.27. This represents a 0.50% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 29,325 shares of company stock valued at $628,664. 45.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Ameresco by 458.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,037 shares in the last quarter. Fifth Third Bancorp purchased a new position in Ameresco during the first quarter worth approximately $44,000. Optiver Holding B.V. boosted its position in Ameresco by 550.8% during 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 in the last quarter. Global Retirement Partners LLC acquired a new stake in Ameresco in the third quarter valued at approximately $55,000. Finally, Advisors Asset Management Inc. acquired a new stake in Ameresco in the third quarter valued at approximately $92,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco News Roundup

These are some of the AMRC news items that stood out recently:

• Positive Sentiment: Ameresco reported Q3 adjusted earnings of $0.88 per share versus the roughly $0.57 consensus, while revenue of $580.3 million topped estimates and grew 10.3% year over year. Ameresco Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company highlighted a record backlog of about $7.2 billion, with backlog expansion and recurring revenue cited as contributors to growth and margin gains. Ameresco Earnings Call Highlights Backlog and Growth
• Neutral Sentiment: Five data-center projects could add to contracted backlog, but Ameresco said conversion may take 12–18 months, so the potential contribution is not immediate or assured. Data Center Projects

About Ameresco

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.