Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Ameresco, Inc. NASDAQ:AMRC Executive Vice President, CFO & CAO, Chiplock Mark, sold 15,600 shares of Class A Common Stock for a total of $613,787, between October 6 and October 8, according to a new SEC filing. The shares were sold at prices ranging from $38.92 to $39.75.
The filing also indicates that Chiplock exercised options to acquire 15,600 shares of Ameresco’s Class A Common Stock at a price of $13.37 per share, for a total value of $208,572. According to InvestingPro, the stock currently trades at a P/E ratio of 33.1, with 19 additional real-time metrics and exclusive analysis available to subscribers tracking insider activity and valuation trends.
In other recent news, Ameresco has secured a significant $197 million contract with the U.S. Naval Research Laboratory to modernize infrastructure at its Washington, D.C. campus and Chesapeake Bay Detachment. This Energy Savings Performance Contract aims to upgrade energy and water systems, including steam generation, chilled water systems, and the implementation of a Supervisory Control and Data Acquisition system. Additionally, Ameresco has announced plans to develop a 100 MW AI-optimized data center at Naval Air Station Lemoore in California, in collaboration with the U.S. Navy and CyrusOne. This project will feature a new microgrid and energy infrastructure to support AI workloads. In another development, Ameresco completed energy infrastructure projects at Ave Maria University in Florida, introducing a building automation system projected to save approximately $200,000 annually. Furthermore, Jefferies has upgraded Ameresco’s stock rating from Hold to Buy, citing reduced execution risks and decreased uncertainty surrounding the Inflation Reduction Act. These recent developments highlight Ameresco’s ongoing efforts in energy modernization and infrastructure projects.
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