Ameresco Inc (AMRC) Gets a Buy Rating from Oppenheimer

By Jason Carr

In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Ameresco Inc (NYSE: AMRC). The company’s shares closed yesterday at $13.88.

According to, Kaye is a 4-star analyst with an average return of 5.6% and a 54.1% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.

Currently, the analyst consensus on Ameresco Inc is a Moderate Buy with an average price target of $16.

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Ameresco Inc’s market cap is currently $634.8M and has a P/E ratio of 13.22. The company has a Price to Book ratio of 1.81.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMRC in relation to earlier this year. Most recently, in August 2018, Louis Maltezos, the EVP of AMRC bought 10,000 shares for a total of $65,300.

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Ameresco, Inc. engages in the provision of comprehensive energy services. It offers energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe.