Granahan Investment Management LLC Lowers Stock Holdings in Ameresco, Inc. $AMRC

Granahan Investment Management LLC lowered its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 848,007 shares of the utilities provider’s stock after selling 42,065 shares during the quarter. Ameresco comprises about 1.1% of Granahan Investment Management LLC’s holdings, making the stock its 28th largest position. Granahan Investment Management LLC’s holdings in Ameresco were worth $24,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMRC. State of Wyoming purchased a new position in shares of Ameresco during the fourth quarter worth about $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Ameresco by 99.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,754 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Ameresco during the fourth quarter worth about $69,000. Nkcfo LLC purchased a new position in shares of Ameresco during the third quarter worth about $107,000. Finally, Creative Planning purchased a new position in shares of Ameresco during the second quarter worth about $153,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Ameresco from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Guggenheim initiated coverage on Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating on the stock. Canaccord Genuity Group lifted their price objective on Ameresco from $50.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. B. Riley Financial lifted their price objective on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Robert W. Baird lowered their price objective on Ameresco from $44.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.56.

Ameresco Price Performance

Shares of AMRC opened at $27.19 on Wednesday. Ameresco, Inc. has a twelve month low of $14.08 and a twelve month high of $44.93. The stock’s 50 day moving average is $29.27 and its two-hundred day moving average is $29.91. The firm has a market capitalization of $1.44 billion, a PE ratio of 46.88, a P/E/G ratio of 2.32 and a beta of 2.58. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06). Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The business had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same period in the prior year, the firm posted ($0.11) EPS. Ameresco’s revenue for the quarter was up 13.8% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS. Research analysts anticipate that Ameresco, Inc. will post 1.1 earnings per share for the current year.

Insider Transactions at Ameresco

In other news, Director Nickolas Stavropoulos sold 1,355 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $34.00, for a total transaction of $46,070.00. Following the sale, the director owned 14,111 shares of the company’s stock, valued at $479,774. The trade was a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.27, for a total value of $322,700.00. Following the sale, the director directly owned 22,111 shares in the company, valued at $713,521.97. This trade represents a 31.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,355 shares of company stock valued at $852,270 in the last quarter. 45.10% of the stock is currently owned by corporate insiders.

Ameresco 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.