Yesterday it was reported that the EVP of Ameresco (AMRC), Nicole Bulgarino, exercised options to buy 19,167 AMRC shares at $9.50 a share, for a total transaction value of $182.1K.
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Based on Ameresco’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $283 million and quarterly net profit of $20 million. In comparison, last year the company earned revenue of $212 million and had a net profit of $8.87 million. The company has a one-year high of $46.81 and a one-year low of $13.38. Currently, Ameresco has an average volume of 563.07K.
Five different firms, including B.Riley Financial and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $47.40, reflecting a -7.2% downside. Starting in November 2020, AMRC received 4 Buy ratings in a row.
In the last 30 days, insiders have sold $9.37M worth of AMRC shares and purchased $182.1K worth of AMRC shares. The insider sentiment on Ameresco has been negative according to 42 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Ameresco, Inc. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation, and All Other. The U.S. Regions, U.S. Federal, and Canada segments offer energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure; and renewable energy solutions and services. The Non-Solar Distributed Generation sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants; and operations and maintenance services for customer owned small-scale plants. The All Other segment enterprise energy management services, consulting services and integrated-PV. The company was founded by George P. Sakellaris on April 25, 2000 and is headquartered in Framingham, MA.
