Ameresco (NYSE:AMRC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Ameresco, Inc. (NYSE:AMRC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.42 and traded as high as $30.42. Ameresco shares last traded at $30.34, with a volume of 209,986 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMRC shares. B. Riley increased their target price on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ameresco in a research note on Monday. BNP Paribas Exane reissued a “neutral” rating and issued a $40.00 target price on shares of Ameresco in a research note on Tuesday, October 21st. Roth Capital restated a “buy” rating on shares of Ameresco in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group set a $45.00 price target on Ameresco and gave the company a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.70.

Ameresco Stock Performance

The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.47 and a beta of 2.51. 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 stock’s fifty day moving average is $34.38 and its two-hundred day moving average is $27.42.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. The firm 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%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. Analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Ameresco

Several hedge funds and other institutional investors have recently bought and sold shares of AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ameresco by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares during the last quarter. Swiss National Bank raised its holdings in Ameresco by 1.6% in the third quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock valued at $2,142,000 after acquiring an additional 1,000 shares in the last quarter. Creative Planning boosted its stake in Ameresco by 10.7% during the 3rd quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,070 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in Ameresco by 12.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 12,570 shares of the utilities provider’s stock worth $152,000 after acquiring an additional 1,390 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in Ameresco during the 3rd quarter worth $50,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

Ameresco Company Profile

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.