AMRC Stock Surges 5.11% Amid Strong Earnings and Positive Analyst Ratings

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Oct 16, 2024
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Ameresco (AMRC, Financial) experienced a significant stock price increase of 5.11%, trading at $35.00 per share with a trading volume of 640,342 shares and a turnover rate of 1.22%. The stock's price fluctuation reached 2.85%.

Recent financial reports show Ameresco earned a revenue of $438 million, with a net profit of $4.98 million and an earnings per share (EPS) of $0.10. The company reported a gross profit of $64.63 million and a price-to-earnings ratio of 32.51. Out of 14 institutions offering ratings, 71% recommend a "buy," while 29% suggest holding the stock. None recommend selling.

In the construction industry sector, where Ameresco operates, the overall increase was 1.26%. Other notable stocks in the sector include significant gains from companies like Manulife Construction, Innovate Corp., and Skk Holdings Limited. Argan, Inc., Blink Charging Co., and Manulife Construction showed high trading activity with turnover rates of 3.53%, 2.81%, and 2.73%, respectively. Stocks with substantial price movements included Manulife Construction, Skk Holdings Limited, and Junyu Engineering with fluctuations of 45.42%, 23.28%, and 13.92%, respectively.

Ameresco is a provider of energy efficiency solutions in North America and Europe, focusing on energy-saving projects and managing operational and maintenance costs for various facilities. The company distributes solar products like photovoltaic panels and solar lighting systems across several segments, primarily generating revenue from its United States regional division.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.