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Ameresco Inc . (NYSE:AMRC), a leading clean technology integrator, has seen its stock price touch a 52-week low, reaching $9.02. According to InvestingPro data, the company trades at a price-to-book ratio of just 0.49x, with technical indicators suggesting the stock is in oversold territory. This price level reflects a significant downturn for the company, which has experienced a -59.86% change over the past year. With a beta of 2.02, the stock shows higher volatility than the broader market. Investors have been cautious as the broader market grapples with economic headwinds, which have particularly impacted companies in the clean energy sector. InvestingPro analysis reveals 20+ additional investment insights for this stock, available in the comprehensive Pro Research Report. Ameresco's performance, while reflective of current market trends, also underscores the volatility that can affect growth-oriented technology stocks. Despite maintaining a current ratio of 1.46, indicating adequate liquidity, the company operates with significant debt, as shown by its debt-to-equity ratio of 2.24. The company's journey to its 52-week low suggests that investors may be recalibrating their expectations for the clean tech industry in the short term.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, which showed a significant 21% increase in revenue year-over-year, reaching $533 million. The company also exceeded earnings per share (EPS) expectations, posting $0.88 compared to the forecasted $0.78. Despite these positive financial results, Ameresco's stock saw a decline in aftermarket trading. Meanwhile, Ameresco's project backlog has grown impressively, nearly doubling over the past two years to reach $2.5 billion, with a total revenue visibility of $9.5 billion. In terms of analyst ratings, UBS downgraded Ameresco from Buy to Sell and significantly slashed the price target from $37.00 to $8.00, citing concerns over potential risks to the company's adjusted EBITDA guidance for 2025. On the other hand, Stifel maintained a Buy rating but reduced the price target from $34.00 to $18.00, reflecting a more cautious stance due to uncertainties in the Projects segment. Craig-Hallum also adjusted its price target to $34 from $40, while maintaining a Buy rating, noting Ameresco's substantial visibility in multi-year contracts despite the current political uncertainties. These developments indicate a mixed outlook for Ameresco, with strong financial performance but cautious analyst perspectives due to external factors.
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