AmerescoAMRC
AMRC
About: Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operations and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.
Employees: 1,503
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
882% more call options, than puts
Call options by funds: $18M | Put options by funds: $1.84M
150% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 5 (+3) [Q3]
26% more capital invested
Capital invested by funds: $973M [Q2] → $1.23B (+$253M) [Q3]
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
5% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 64
2% less funds holding
Funds holding: 184 [Q2] → 181 (-3) [Q3]
3.98% less ownership
Funds ownership: 97.97% [Q2] → 94.0% (-3.98%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
48%
upside
Avg. target
$36
56%
upside
High target
$38
65%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Stifel Stephen Gengaro 58% 1-year accuracy 49 / 85 met price target | 48%upside $34 | Buy Maintained | 11 Nov 2024 |
Piper Sandler Kashy Harrison 34% 1-year accuracy 14 / 41 met price target | 65%upside $38 | Overweight Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 3 articles about AMRC published over the past 30 days
Neutral
Business Wire
1 week ago
Ameresco to Deliver Energy Resiliency and Net-Zero Solutions at U.S. General Services Administration's Denver Federal Center
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the execution of an Energy Savings Performance Contract (ESPC) with the U.S. General Services Administration (GSA) that will move the Denver Federal Center (DFC) a long way toward GSA's ambitious goal of achieving a net-zero campus by 2045. The $183 million award will advance the electrification of the DFC with 14.4 megawatts of.
Neutral
Business Wire
1 week ago
Ameresco Announces Successful Divestiture of Applied Energy Group (AEG) Business, Reinforcing Focus and Reinvesting in Core Businesses
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the successful year end divestiture of the Applied Energy Group (AEG), a leading energy technology and advisory services company with over 100 utility management and demand-side energy experts to ICF, a global consulting and technology services provider. The divestiture underscores Ameresco's commitment to its primary business a.
Neutral
PRNewsWire
1 week ago
ICF Acquires Applied Energy Group from Ameresco, Inc.
Accretive Transaction of Leading Energy Technology Provider Expands ICF's Utility and State & Local Government Capabilities Divestiture Allows Ameresco to Focus on Core Projects, Asset and O&M Businesses RESTON, Va. and FRAMINGHAM, Mass.
Neutral
Business Wire
1 month ago
Ameresco Supports Ritenour School District in Launching 'Path to Trades' Program to Empower Missouri High School Students
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the Ritenour School District Path to Trades (P2T) program, a two-year work-based learning initiative aimed at high school students in Missouri. Ameresco assisted with the development of the Path to Trades program and is a sponsor and mentor within the P2T program, which provides students with unique experiences in the constructi.
Neutral
Business Wire
1 month ago
Ameresco and City of Edmundston Unveil SOLSTICE Microgrid Project to Reduce City's Carbon Footprint
FRAMINGHAM, Mass. & EDMUNDSTON, New Brunswick--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, announced the launch of the SOLSTICE microgrid project, a transformative renewable energy initiative developed in collaboration with the City of Edmundston and in partnership with Edmundston Energy. This project will supply the city with reliable, sustainable energy, reduce its carbon footprint, and support local eco.
Neutral
Business Wire
1 month ago
ComEd and Ameresco Complete Community Solar Project at Former Landfill in Belvidere
BELVIDERE, Ill.--(BUSINESS WIRE)-- #Belvidere--ComEd President and CEO Gil Quiniones, Illinois Commerce Commission Chairman Doug Scott, Boone County Board Chairman Karl Johnson and representatives of Ameresco, Inc. cut the ribbon today on a community solar project constructed on a former landfill owned by Boone County and operated by the city of Belvidere. It is the 160th community solar project in ComEd's northern Illinois service area and one of the first to serve a county government and area businesses.
Neutral
Business Wire
1 month ago
Ameresco and Republic Services Began Operations of a Renewable Natural Gas Plant at Republic Services' Roxana Landfill, with an Annual Capacity of 1.4M Dekatherms
FRAMINGHAM, Mass. & EDWARDSVILLE, Ill.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that its newly formed joint venture with Republic Services (NYSE: RSG), a leader in the environmental services industry, has achieved commercial operation at their landfill gas (LFG) to renewable natural gas (RNG) plant located at Republic Services' Roxana Landfill in Edwardsville, Illinois in November. The.
Neutral
Business Wire
2 months ago
Ameresco Collaborates with UCI Health to Power the Nation's First All-Electric, Zero-Emission Hospital Campus
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its collaboration with the University of California, Irvine and its health system, UCI Health, to install two solar photovoltaic (PV) arrays atop new parking structures at the innovative, all-electric, zero-emission medical campus with the acute care hospital set to open in 2025. This initiative represents a major step towards U.
Neutral
Seeking Alpha
2 months ago
Ameresco, Inc. (AMRC) Q3 2024 Earnings Call Transcript
Ameresco, Inc. (NYSE:AMRC ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Louis Maltezos - President, Central & Western USA, Canada Regions Nicole Bulgarino - EVP & General Manager, Federal & Utility Solutions Mark Chiplock - SVP & Chief Accounting Officer Mike Bakas - EVP, Renewable Natural Gas Conference Call Participants George Gianarikas - Canaccord Genuity Pavel Molchanov - Raymond James Stephen Gengaro - Stifel Noah Kaye - Oppenheimer & Co Sam Kusswurm - William Blair Ben Kallo - Baird William Grippin - UBS Operator Thank you for standing by. My name is Luella, and I will be your conference operator for today.
Negative
Zacks Investment Research
2 months ago
Ameresco (AMRC) Misses Q3 Earnings Estimates
Ameresco (AMRC) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.40 per share a year ago.
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