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Francis Wisneski Jr, a director at Ameresco, Inc. (NYSE:AMRC), recently acquired a total of $54,323 worth of the company’s Class A Common Stock. The transactions took place over three days, with purchases on March 4th, 5th, and 6th. Wisneski bought a total of 5,708 shares at a price range between $9.23 and $9.67 per share. The purchases come as the stock trades near its 52-week low of $9.04, down significantly from its high of $39.68. According to InvestingPro analysis, the stock appears undervalued at current levels.
These acquisitions increase Wisneski’s direct ownership of Ameresco stock to 19,946 shares. The purchases were made in multiple transactions, with prices varying slightly within the specified range. With a market capitalization of $491 million and trading at just 0.48 times book value, InvestingPro data reveals multiple additional insights about the company’s valuation and prospects. Discover comprehensive analysis and 20+ additional ProTips in the detailed Pro Research Report.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, with a notable 21% increase in revenue year-over-year, reaching $533 million, and an EPS of $0.88, surpassing the forecasted $0.78. Despite these positive results, the company’s stock fell significantly in aftermarket trading. Ameresco’s project backlog grew by 24% year-over-year, highlighting its strong operational performance. However, the company faced challenges with its adjusted EBITDA, which was impacted by weaker-than-expected margins in the Projects segment, excluding a $38 million gain.
Analysts have reacted to Ameresco’s recent financial performance and future guidance with mixed opinions. UBS downgraded Ameresco’s stock from Buy to Sell, reducing the price target drastically to $8, due to concerns about potential risks to the company’s adjusted EBITDA guidance for 2025. Meanwhile, Stifel maintained a Buy rating but lowered the price target to $18, acknowledging uncertainties in the near-term outlook. Craig-Hallum also cut its price target to $34, retaining a Buy rating, noting the company’s solid long-term outlook despite current political uncertainties.
Ameresco’s guidance for 2025 includes revenue expectations of $1.9 billion and an adjusted EBITDA target of $235 million, with plans to deploy 100-120 megawatts of energy assets. The company remains focused on its strong project backlog and continues to navigate challenges related to federal projects and policy changes. Overall, these developments present a complex landscape for investors evaluating Ameresco’s potential in the evolving clean energy sector.
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