Ameresco (NYSE:AMRC) Stock Rating Upgraded by William Blair

Ameresco (NYSE:AMRC) was upgraded by equities research analysts at William Blair to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on AMRC. BNP Paribas Exane raised shares of Ameresco to a “hold” rating in a research note on Tuesday, October 21st. Roth Mkm reaffirmed a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Stifel Nicolaus upped their target price on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. Finally, Cantor Fitzgerald began coverage on shares of Ameresco in a research note on Friday, January 23rd. They set an “overweight” rating and a $41.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ameresco presently has an average rating of “Moderate Buy” and a consensus target price of $37.80.

Ameresco Trading Up 0.9%

Ameresco stock opened at $33.31 on Tuesday. The stock has a 50-day moving average price of $31.56 and a 200 day moving average price of $30.04. Ameresco has a 52 week low of $8.49 and a 52 week high of $44.93. The stock has a market cap of $1.76 billion, a PE ratio of 27.99, a P/E/G ratio of 1.14 and a beta of 2.50. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57.

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

Hedge Funds Weigh In On Ameresco

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock valued at $159,021,000 after buying an additional 2,981,689 shares in the last quarter. First Trust Advisors LP raised its stake in Ameresco by 1,832.5% during the second quarter. First Trust Advisors LP now owns 1,775,187 shares of the utilities provider’s stock valued at $26,965,000 after buying an additional 1,683,326 shares in the last quarter. Royce & Associates LP lifted its holdings in Ameresco by 197.6% during the 3rd quarter. Royce & Associates LP now owns 964,010 shares of the utilities provider’s stock worth $32,371,000 after buying an additional 640,106 shares during the last quarter. Granahan Investment Management LLC grew its position in shares of Ameresco by 108.4% in the 3rd quarter. Granahan Investment Management LLC now owns 890,072 shares of the utilities provider’s stock worth $29,889,000 after acquiring an additional 462,875 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Ameresco by 91.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 605,330 shares of the utilities provider’s stock valued at $20,327,000 after acquiring an additional 289,381 shares during the last quarter. 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.