Ameresco (NYSE:AMRC) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Ameresco (NYSE:AMRC) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other analysts also recently commented on AMRC. Zacks Research downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Robert W. Baird reissued a “neutral” rating and set a $32.00 target price (down from $36.00) on shares of Ameresco in a research note on Tuesday, August 18th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Tuesday, August 4th. Cantor Fitzgerald decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an “overweight” rating on the stock 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 report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.89.

Ameresco Trading Up 1.2%

Shares of AMRC stock opened at $24.04 on Friday. Ameresco has a 1 year low of $18.38 and a 1 year high of $44.93. The firm has a market capitalization of $1.28 billion, a PE ratio of 46.23, a price-to-earnings-growth ratio of 1.77 and a beta of 2.63. The stock has a fifty day moving average of $23.51 and a two-hundred day moving average of $26.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $515.46 million for the quarter, compared to analysts’ expectations of $465.18 million. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. As a group, research analysts expect that Ameresco will post 1.22 EPS for the current year.

Insiders Place Their Bets

In related news, Director Brian C. Cox acquired 4,625 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $21.64 per share, with a total value of $100,085.00. Following the completion of the transaction, the director owned 44,325 shares of the company’s stock, valued at approximately $959,193. This trade represents a 11.65% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George P. Sakellaris acquired 3,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $22.13 per share, for a total transaction of $66,390.00. Following the purchase, the chief executive officer owned 1,013,597 shares in the company, valued at approximately $22,430,901.61. This trade represents a 0.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 75,025 shares of company stock valued at $1,778,963. 45.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its position in Ameresco by 10.3% during the fourth quarter. Legal & General Group Plc now owns 467,562 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 43,832 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Ameresco in the 2nd quarter valued at approximately $2,657,000. Swedbank AB increased its holdings in Ameresco by 219.0% in the fourth quarter. Swedbank AB now owns 370,000 shares of the utilities provider’s stock worth $10,837,000 after buying an additional 254,000 shares during the last quarter. Royce & Associates LP raised its position in Ameresco by 10.7% during the fourth quarter. Royce & Associates LP now owns 1,066,792 shares of the utilities provider’s stock valued at $31,246,000 after acquiring an additional 102,782 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Ameresco by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,439,669 shares of the utilities provider’s stock worth $36,711,000 after acquiring an additional 167,068 shares in the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

About Ameresco

Ameresco, Inc is an energy solutions and renewable energy company that develops, designs, engineers, and operates projects intended to improve energy efficiency, reduce energy costs, and support decarbonization. The company serves public-sector, commercial, industrial, healthcare, education, and utility customers.

Ameresco’s services include energy-efficiency upgrades, energy infrastructure modernization, renewable energy development, battery energy storage, distributed energy systems, and operations and maintenance.