Fintel reports that on August 1, 2023, Oppenheimer maintained coverage of Ameresco Inc. - (NYSE:AMRC) with a Outperform recommendation.
Analyst Price Forecast Suggests 8.91% Upside
As of August 1, 2023, the average one-year price target for Ameresco Inc. - is 63.40. The forecasts range from a low of 44.44 to a high of $85.05. The average price target represents an increase of 8.91% from its latest reported closing price of 58.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ameresco Inc. - is 1,587MM, an increase of 15.74%. The projected annual non-GAAP EPS is 1.94.
What is the Fund Sentiment?
There are 463 funds or institutions reporting positions in Ameresco Inc. -. This is an increase of 2 owner(s) or 0.43% in the last quarter. Average portfolio weight of all funds dedicated to AMRC is 0.23%, a decrease of 6.22%. Total shares owned by institutions increased in the last three months by 1.17% to 38,066K shares. 
The put/call ratio of AMRC is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Grantham, Mayo, Van Otterloo & Co. holds 3,829K shares representing 7.35% ownership of the company. In it's prior filing, the firm reported owning 2,857K shares, representing an increase of 25.39%. The firm increased its portfolio allocation in AMRC by 10.24% over the last quarter.
Handelsbanken Fonder AB holds 2,485K shares representing 4.77% ownership of the company. In it's prior filing, the firm reported owning 2,299K shares, representing an increase of 7.50%. The firm decreased its portfolio allocation in AMRC by 14.25% over the last quarter.
Macquarie Group holds 1,216K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 1,193K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in AMRC by 27.05% over the last quarter.
Standard Life Aberdeen holds 1,191K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 995K shares, representing an increase of 16.44%. The firm decreased its portfolio allocation in AMRC by 64.60% over the last quarter.
Wellington Management Group Llp holds 1,133K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 1,010K shares, representing an increase of 10.82%. The firm decreased its portfolio allocation in AMRC by 86.53% over the last quarter.
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.
Additional reading:
- Welcome to Ameresco’s Investor Day - London Safe Harbor Cautionary Language Concerning Forward-Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., including statements about market
- Ameresco Hosts 2023 Investor Day in London - Focused Discussion of European Growth Strategy - - Detailed 2023 and 2024 Financial Build and Metrics - - Reiterates 2023 Guidance and 2024 Adjusted EBITDA Target of $300 Million -
- Amendment No. 2 to Fifth Amended and Restated Credit Agreement dated March 17, 2023 among Ameresco, Inc., certain guarantors party thereto, certain lenders party thereto from time to time and Bank of America, N.A. as Administrative Agent.
- Ameresco, Inc. Form of 2023 Executive/Employee RSU Award Agreement
- ameresco.com © 2023 Ameresco, Inc. All rights reserved. Q1 2023 Supplemental Information May 1, 2023 2 Safe Harbor Forward Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., inclu
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.
