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David J. Corrsin, the Executive Vice President and General Counsel of Ameresco, Inc. (NYSE:AMRC), recently sold shares of the company’s Class A Common Stock. According to a Form 4 filing with the Securities and Exchange Commission, Corrsin sold a total of 100 shares on March 19, 2025, at a price of $11.92 per share. This transaction amounted to a total value of $1,191. The sale comes as Ameresco’s stock has experienced significant volatility, with shares down nearly 64% over the past six months, though showing recent strength with a 22% gain in the past week.
The sales were part of an automatic sell-to-cover arrangement designed to cover applicable withholding taxes associated with the partial vesting of Restricted Stock Units (RSUs). Prior to the sales, Corrsin exercised options to acquire 183 and 101 shares of Class A Common Stock on March 17, 2025, at no cost, reflecting his vested RSUs. According to InvestingPro analysis, Ameresco currently shows signs of being undervalued, despite operating with significant debt and experiencing rapid cash burn. InvestingPro offers 14 additional key insights about AMRC’s financial position and market outlook.
Following these transactions, Corrsin’s direct ownership of Ameresco stock stands at 317 shares. Additionally, Corrsin’s spouse holds 300 shares, for which he disclaims beneficial ownership. The company maintains a market capitalization of $681 million and trades at a P/E ratio of 12, with analysts expecting earnings to decline in the coming year.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, exceeding 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 this positive performance, the stock fell in aftermarket trading. Analysts at Stifel, UBS, and Craig-Hallum have adjusted their views on Ameresco following the earnings release. Stifel maintained a Buy rating but lowered its price target from $34 to $18, citing weaker-than-expected margins and federal funding uncertainties. UBS downgraded Ameresco from Buy to Sell, cutting the price target drastically from $37 to $8 due to concerns about adjusted EBITDA guidance for 2025. Meanwhile, Craig-Hallum also reduced its price target from $40 to $34 but retained a Buy rating, highlighting Ameresco’s strong project backlog and revenue visibility. The company’s guidance for 2025 includes a revenue target of $1.9 billion and an adjusted EBITDA goal of $235 million, with plans to deploy 100-120 megawatts of energy assets.
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