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David J. Corrsin, Executive Vice President and General Counsel at Ameresco, Inc. (NYSE:AMRC), recently sold shares of the company’s Class A Common Stock. According to a regulatory filing, Corrsin sold 21 shares at a price of $10.22 each, totaling $214. This transaction was conducted on March 10, 2025, as part of an automatic sell-to-cover instruction to handle withholding taxes related to restricted stock units (RSUs). The sale comes as Ameresco, currently valued at $542 million, trades near $10.32, down over 50% in the past year. InvestingPro analysis indicates the stock is trading below its Fair Value, with attractive multiples including a P/B ratio of 0.54.
Additionally, the filing reveals that Corrsin acquired 50 shares of Class A Common Stock on March 8, 2025, without any monetary exchange, as these shares were granted through the vesting of RSUs. Want deeper insights into Ameresco’s valuation and future prospects? InvestingPro subscribers have access to 20+ additional ProTips and comprehensive financial analysis. Furthermore, Corrsin was awarded 200 RSUs and 10,000 stock options, both with no immediate monetary consideration, further boosting his holdings in Ameresco. These transactions reflect Corrsin’s ongoing engagement with the company’s equity plans.
In other recent news, Ameresco reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an EPS of $0.88 against a forecasted $0.78. The company achieved a revenue of $533 million, surpassing the anticipated $523.61 million, marking a 21% increase year-over-year. Despite these positive results, the stock experienced a notable decline in aftermarket trading. Ameresco’s project backlog saw significant growth, with a 24% increase year-over-year, highlighting the company’s robust operational performance.
Additionally, Stifel analysts revised their outlook on Ameresco, lowering the price target to $18 from $34 while maintaining a Buy rating, citing weaker-than-expected margins in the Projects segment. UBS, however, downgraded Ameresco from Buy to Sell, with a revised price target of $8, due to concerns about the company’s adjusted EBITDA guidance for 2025. Craig-Hallum also adjusted its price target to $34 from $40, maintaining a Buy rating, acknowledging the company’s solid backlog despite uncertainties in federal funding.
Ameresco’s guidance for 2025 includes a revenue target of $1.9 billion and an adjusted EBITDA of $235 million. The company plans to deploy 100-120 megawatts of energy assets, reflecting its strategic focus on growth. The evolving federal contracting environment presents challenges, but Ameresco remains optimistic about ongoing opportunities with the Department of Defense and potential expansions in performance contracting.
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