Traders Buy Large Volume of Ameresco Call Options (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 2,042 call options on the company. This is an increase of 953% compared to the average daily volume of 194 call options.

Ameresco Stock Performance

Shares of NYSE:AMRC opened at $31.17 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50. The business’s fifty day moving average price is $31.47 and its two-hundred day moving average price is $29.47. Ameresco has a fifty-two week low of $8.49 and a fifty-two week high of $44.93. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.11 and a beta of 2.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMRC. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. UBS Group boosted their price target on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. BNP Paribas Exane reiterated a “neutral” rating and issued a $40.00 price objective on shares of Ameresco in a research report on Tuesday, October 21st. BNP Paribas lowered Ameresco from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Tuesday, October 21st. Finally, Jefferies Financial Group set a $45.00 target price on Ameresco and gave the company a “buy” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in Ameresco during the 3rd quarter worth approximately $50,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ameresco during the third quarter worth $76,000. Nkcfo LLC bought a new stake in shares of Ameresco during the third quarter worth $107,000. Tower Research Capital LLC TRC increased its stake in shares of Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,754 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Ameresco in the third quarter valued at about $201,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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.