In a report released today, Kashy Harrison from Piper Sandler maintained a Buy rating on Ameresco (AMRC – Research Report), with a price target of $32.00. The company’s shares closed last Friday at $21.13.
According to TipRanks, Harrison is an analyst with an average return of -19.0% and a 32.16% success rate. Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and First Solar.
In addition to Piper Sandler, Ameresco also received a Buy from Stifel Nicolaus’s Stephen Gengaro in a report issued on March 5. However, on February 29, Oppenheimer maintained a Hold rating on Ameresco (NYSE: AMRC).
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The company has a one-year high of $63.19 and a one-year low of $17.55. Currently, Ameresco has an average volume of 511.7K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMRC in relation to earlier this year. Most recently, in January 2024, Michael Bakas, the EVP of AMRC bought 5,750.00 shares for a total of $46,737.50.
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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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