Craig-Hallum analyst Eric Stine maintained a Buy rating on Ameresco (AMRC – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $26.61.
Stine covers the Energy sector, focusing on stocks such as Vertex Energy, Electrovaya, and Broadwind Energy. According to TipRanks, Stine has an average return of 1.5% and a 29.87% success rate on recommended stocks.
Ameresco has an analyst consensus of Moderate Buy, with a price target consensus of $44.57, implying a 67.49% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $30.00 price target.
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The company has a one-year high of $68.75 and a one-year low of $24.95. Currently, Ameresco has an average volume of 399.2K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMRC in relation to earlier this year. Most recently, in September 2023, Hole Spencer Doran, the EVP & CFO of AMRC sold 5,000.00 shares for a total of $209,300.00.
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Ameresco (AMRC) Company Description:
Ameresco, Inc. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation, and All Other. The U.S. Regions, U.S. Federal, and Canada segments offer energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure; and renewable energy solutions and services. The Non-Solar Distributed Generation sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants; and operations and maintenance services for customer owned small-scale plants. The All Other segment enterprise energy management services, consulting services and integrated-PV. The company was founded by George P. Sakellaris on April 25, 2000 and is headquartered in Framingham, MA.
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