Ameresco (AMRC) Stock Price, News & Analysis

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameresco in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AMRC shares.
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15 brokers have issued 12-month price targets for Ameresco's stock. Their AMRC share price targets range from $30.00 to $73.00. On average, they anticipate the company's stock price to reach $45.33 in the next twelve months. This suggests a possible upside of 125.5% from the stock's current price.
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Ameresco's stock was trading at $31.67 at the beginning of 2024. Since then, AMRC stock has decreased by 36.5% and is now trading at $20.10.
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Ameresco saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,800,000 shares, an increase of 19.4% from the February 29th total of 4,020,000 shares. Based on an average trading volume of 514,300 shares, the short-interest ratio is currently 9.3 days. Approximately 15.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Ameresco will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Ameresco, Inc. (NYSE:AMRC) announced its quarterly earnings results on Wednesday, February, 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. The utilities provider had revenue of $441.40 million for the quarter, compared to analysts' expectations of $399.98 million. Ameresco had a trailing twelve-month return on equity of 7.49% and a net margin of 4.54%. The company's revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share.

ETFs with the largest weight of Ameresco (NYSE:AMRC) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), SmartETFs Sustainable Energy II ETF (SOLR), SPDR S&P Kensho Clean Power ETF (CNRG), Global X Clean Tech ETF (CTEC), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Invesco WilderHill Clean Energy ETF (PBW) and ERShares NextGen Entrepreneurs ETF (ERSX).

Ameresco issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $225.0 million-$275.0 million, compared to the consensus revenue estimate of $339.8 million.

27 employees have rated Ameresco Chief Executive Officer George Sakellaris on Glassdoor.com. George Sakellaris has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ameresco investors own include NVIDIA (NVDA), Block (SQ), Advanced Micro Devices (AMD), Netflix (NFLX), Enterprise Products Partners (EPD), Alphabet (GOOG), Marvell Technology (MRVL), PayPal (PYPL), Salesforce (CRM) and DocuSign (DOCU).

Ameresco's stock is owned by many different retail and institutional investors. Top institutional shareholders include Guinness Asset Management LTD (1.08%), Bridge City Capital LLC (0.15%), ARGA Investment Management LP (0.06%) and Guinness Atkinson Asset Management Inc (0.04%). Insiders that own company stock include Britta Macintosh, David Anderson, Douglas I Foy, Francis V Wisneski Jr, George P Sakellaris, George P Sakellaris, Joseph W Sutton, Joseph W Sutton, Lauren Todd, Louis P Maltezos, Mark Chiplock, Michael T Bakas, Nickolas Stavropoulos, Nicole E Bulgarino, Robert Georgeoff, Spencer Doran Hole and Thomas S Murley.
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Shares of AMRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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