On March 10, 2023, Piper Sandler upgraded their outlook for Ameresco (NYSE:AMRC) from Neutral to Overweight.
Analyst Price Forecast Suggests 48.96% Upside
As of March 11, 2023, the average one-year price target for Ameresco is $66.30. The forecasts range from a low of $44.44 to a high of $85.05. The average price target represents an increase of 48.96% from its latest reported closing price of $44.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ameresco is $1,587MM, a decrease of 13.01%. The projected annual non-GAAP EPS is $1.94.
What are Large Shareholders Doing?
Grantham, Mayo, Van Otterloo & Co. holds 2,857K shares representing 5.50% ownership of the company. In it's prior filing, the firm reported owning 2,806K shares, representing an increase of 1.77%. The firm decreased its portfolio allocation in AMRC by 19.21% over the last quarter.
Handelsbanken Fonder AB holds 2,299K shares representing 4.42% ownership of the company. In it's prior filing, the firm reported owning 2,249K shares, representing an increase of 2.15%. The firm decreased its portfolio allocation in AMRC by 17.67% over the last quarter.
Macquarie Group holds 1,193K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 1,171K shares, representing an increase of 1.81%. The firm decreased its portfolio allocation in AMRC by 69.64% over the last quarter.
Wellington Management Group Llp holds 1,010K shares representing 1.94% ownership of the company. In it's prior filing, the firm reported owning 395K shares, representing an increase of 60.88%. The firm decreased its portfolio allocation in AMRC by 99.97% over the last quarter.
Standard Life Aberdeen holds 995K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 1,004K shares, representing a decrease of 0.87%. The firm decreased its portfolio allocation in AMRC by 72.20% over the last quarter.
What is the Fund Sentiment?
There are 460 funds or institutions reporting positions in Ameresco. This is a decrease of 1 owner(s) or 0.22% in the last quarter. Average portfolio weight of all funds dedicated to AMRC is 0.28%, a decrease of 19.19%. Total shares owned by institutions increased in the last three months by 0.90% to 37,236K shares. The put/call ratio of AMRC is 0.88, indicating a bullish outlook.
Ameresco Background Information
(This description is provided by the company.)
Founded in 2000, Ameresco, Inc. is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco's sustainability services include upgrades to a facility's energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
