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George P. Sakellaris, President and CEO of Ameresco, Inc. (NYSE:AMRC), has recently acquired a significant amount of the company’s Class A common stock, as disclosed in a recent SEC filing. Over the course of three days, Sakellaris purchased a total of 125,000 shares, amounting to approximately $1.22 million. The purchases come as the stock trades near its 52-week low of $9.04, having declined over 60% year-to-date.
The transactions occurred between March 4 and March 6, 2025. On March 4, 50,000 shares were bought at a weighted average price of $9.96, with prices ranging from $9.40 to $10.32. Another 50,000 shares were acquired on March 5 at a weighted average price of $9.74, within a price range of $9.54 to $10.12. Finally, on March 6, Sakellaris purchased an additional 25,000 shares at a weighted average price of $9.27, with transaction prices spanning from $9.05 to $9.41. InvestingPro data shows the stock is currently trading at just 0.48 times book value, with technical indicators suggesting oversold conditions.
Following these transactions, Sakellaris’s direct ownership in Ameresco has increased to 978,638 shares. Additionally, he holds indirect ownership of 1.1 million shares through a trust and 200,000 shares through his spouse. These acquisitions reflect Sakellaris’s continued confidence in the company’s prospects, which InvestingPro analysis suggests may be undervalued at its current market capitalization of $491 million, despite carrying a significant debt burden.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an EPS of $0.88, compared to the forecasted $0.78. The company achieved a revenue of $533 million, slightly above the anticipated $523.61 million, marking a 21% increase year-over-year. Despite these positive results, the stock experienced a decline in aftermarket trading. Analysts have adjusted their outlooks on Ameresco, with Stifel lowering its price target to $18 while maintaining a Buy rating. UBS downgraded the stock from Buy to Sell, slashing the price target to $8, citing potential risks to Ameresco’s adjusted EBITDA guidance for 2025.
Craig-Hallum also revised its price target for Ameresco to $34 from $40, retaining a Buy rating. The firm noted Ameresco’s substantial project backlog and revenue visibility, despite uncertainties in federal funding priorities. Ameresco’s contracted project backlog has nearly doubled in the past two years, reaching $2.5 billion, while its overall revenue visibility stands at a record $9.5 billion. The company plans to place 100-120 megawatts of energy assets into service in 2025, with significant revenue generation expected in the latter half of the year. These developments reflect the evolving landscape of federal contracting and its impact on Ameresco’s operations in the clean energy sector.
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