Ameresco (NYSE:AMRC) Shares Gap Down – Here’s Why

Ameresco, Inc. (NYSE:AMRC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $28.50, but opened at $26.65. Ameresco shares last traded at $25.9770, with a volume of 97,059 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird reiterated a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Ameresco in a report on Tuesday. Weiss Ratings upgraded shares of Ameresco from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Ameresco in a research note on Tuesday, August 4th. UBS Group raised their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.89.

Ameresco Stock Down 9.7%

The stock has a fifty day moving average of $25.47 and a 200 day moving average of $27.99. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The firm has a market capitalization of $1.37 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 2.05 and a beta of 2.62.

Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The firm had revenue of $515.46 million during the quarter, compared to the consensus estimate of $465.18 million. During the same period in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. Ameresco has set its FY 2026 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that Ameresco, Inc. will post 1.24 EPS for the current fiscal year.

Insider Activity at Ameresco

In other news, Director Brian C. Cox purchased 39,700 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $25.07 per share, with a total value of $995,279.00. Following the completion of the acquisition, the director owned 39,700 shares in the company, valued at $995,279. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George P. Sakellaris bought 1,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $25.27 per share, for a total transaction of $25,270.00. Following the completion of the purchase, the chief executive officer directly owned 994,597 shares in the company, valued at approximately $25,133,466.19. The trade was a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 45,700 shares of company stock worth $1,150,299. 45.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

Large investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Ameresco during the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Ameresco in the fourth quarter worth approximately $48,000. Fifth Third Bancorp purchased a new stake in Ameresco in the first quarter worth approximately $44,000. Summit Securities Group LLC bought a new position in Ameresco during the fourth quarter valued at approximately $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in Ameresco during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.