10-May-2024
OPEC supply in focus with oil prices still under pressure
Seeking Alpha News (Fri, 10-May 8:25 PM ET)
Benzinga (Wed, 8-May 1:38 PM ET)
Analysts Are Bullish on These Industrial Goods Stocks: Ameresco (AMRC), CryoPort (CYRX)
TipRanks (Wed, 8-May 7:40 AM ET)
Piper Sandler Remains a Buy on Ameresco (AMRC)
TipRanks (Wed, 8-May 7:08 AM ET)
Ameresco Non-GAAP EPS of -$0.10 misses by $0.04, revenue of $298.4M beats by $35.13M
Seeking Alpha News (Tue, 7-May 4:44 PM ET)
Ameresco Reports First Quarter 2024 Financial Results
Business Wire (Tue, 7-May 4:05 PM ET)
Business Wire (Thu, 25-Apr 8:05 AM ET)
Ameresco Releases 2023 Impact Report on "Doing Well, by Doing Good: People, Planet and Policy"
Business Wire (Thu, 25-Apr 8:00 AM ET)
Business Wire (Wed, 24-Apr 8:05 AM ET)
Business Wire (Thu, 18-Apr 8:05 AM ET)
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.
Ameresco Class A trades on the NYSE stock market under the symbol AMRC.
As of May 10, 2024, AMRC stock price declined to $27.62 with 524,766 million shares trading.
AMRC has a beta of 2.41, meaning it tends to be more sensitive to market movements. AMRC has a correlation of 0.16 to the broad based SPY ETF.
AMRC has a market cap of $1.45 billion. This is considered a Small Cap stock.
Last quarter Ameresco Class A reported $298 million in Revenue and -$.10 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.01.
In the last 3 years, AMRC stock traded as high as $101.86 and as low as $17.55.
The top ETF exchange traded funds that AMRC belongs to (by Net Assets): AIRR, VTI, IWM, VB, VXF.
AMRC stock has underperformed the market in the last year with a return of -33.6%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AMRC shares. However, AMRC has outperformed the market in the last 3 month and 2 week periods, returning +20.9% and +28.6%, while SPY returned +4.2% and +2.5%, respectively. This indicates AMRC has been having a stronger performance recently.
AMRC support price is $26.61 and resistance is $29.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMRC stock will trade within this expected range on the day.