Wall Street Zen Upgrades Ameresco (NYSE:AMRC) to Hold

Ameresco (NYSE:AMRC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

AMRC has been the topic of a number of other reports. Roth Capital restated a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. Robert W. Baird raised Ameresco from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $23.00 to $35.00 in a research note on Tuesday, September 2nd. UBS Group increased their price objective on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Stifel Nicolaus boosted their price target on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Jefferies Financial Group set a $45.00 price objective on Ameresco and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and an average target price of $37.70.

Ameresco Stock Down 0.4%

Ameresco stock opened at $30.22 on Friday. The company has a market capitalization of $1.60 billion, a P/E ratio of 25.39, a PEG ratio of 1.46 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. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The stock has a 50-day simple moving average of $34.18 and a 200-day simple moving average of $27.68.

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

Hedge Funds Weigh In On Ameresco

Institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in Ameresco in the 3rd quarter worth about $50,000. Tower Research Capital LLC TRC increased its stake in shares of Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 1,754 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ameresco in the third quarter worth approximately $76,000. Nkcfo LLC purchased a new stake in Ameresco in the third quarter valued at approximately $107,000. Finally, AlphaQuest LLC purchased a new stake in Ameresco in the first quarter valued at approximately $114,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.