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In a recent SEC filing, Ameresco, Inc. (NYSE:AMRC) disclosed that Director Johnson Claire D’Oyly-Hughes acquired 1,800 shares of the company’s Class A common stock. The timing is notable as the stock trades near its 52-week low of $9.04, having declined over 68% in the past six months. According to InvestingPro analysis, the stock appears undervalued, trading at just 0.48 times book value. The shares were purchased at a price of $9.95 each, totaling approximately $17,910. This acquisition was made through a revocable trust, where D’Oyly-Hughes and her spouse serve as joint trustees. Following this transaction, the director’s total direct and indirect ownership in Ameresco stands at 5,225 shares. For deeper insights into AMRC’s valuation and 20+ additional ProTips, access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, which exceeded analysts’ expectations. The company achieved an EPS of $0.88, surpassing the forecasted $0.78, and recorded 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. Analyst firms have adjusted their ratings and price targets for Ameresco in light of recent developments. UBS downgraded the stock from Buy to Sell and reduced the price target to $8 due to concerns about future EBITDA guidance and federal project challenges. Stifel maintained a Buy rating but lowered the price target to $18, noting potential risks in the Projects business. Meanwhile, Craig-Hallum adjusted its price target to $34 while retaining a Buy rating, citing Ameresco’s solid long-term outlook despite short-term uncertainties. The company’s contracted project backlog has grown significantly, reaching $2.5 billion, with overall revenue visibility at a record $9.5 billion. These recent developments highlight the mixed sentiment among analysts regarding Ameresco’s performance and future prospects.
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