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Ameresco (AMRC) Stock Forecast, Price Target & Predictions

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AMRC Stock Forecast

Ameresco stock forecast is as follows: an average price target of $38.25 (represents a 71.14% upside from AMRC’s last price of $22.35) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

AMRC Price Target

The average price target for Ameresco (AMRC) is $38.25 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $42.00 to $33.00. This represents a potential 71.14% upside from AMRC's last price of $22.35.

AMRC Analyst Ratings

Buy

According to 17 Wall Street analysts, Ameresco's rating consensus is 'Buy'. The analyst rating breakdown for AMRC stock is 0 'Strong Buy' (0.00%), 11 'Buy' (64.71%), 4 'Hold' (23.53%), 2 'Sell' (11.76%), and 0 'Strong Sell' (0.00%).

Ameresco Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Kashy HarrisonPiper Sandler$38.00$30.7423.62%70.02%
Oct 02, 2024Pavel MolchanovRaymond James$40.00$37.317.21%78.97%
Sep 23, 2024Christopher Van HornRobert W. Baird$42.00$38.499.12%87.92%
Sep 03, 2024Dushyant AilaniJefferies$33.00$29.5211.79%47.65%
Aug 06, 2024Kashy HarrisonPiper Sandler$35.00$26.8530.35%56.60%
May 09, 2024Ben KalloRobert W. Baird$32.00$26.9418.78%43.18%
Apr 11, 2024Kashy HarrisonPiper Sandler$30.00$23.1229.76%34.23%
Aug 02, 2022Stifel Nicolaus$82.00$64.2127.71%266.89%
Aug 02, 2022Craig-Hallum$82.00$64.9726.21%266.89%
Jul 12, 2022Raymond James$65.00$44.6345.64%190.83%
Oct 25, 2021Chip MooreEF Hutton$78.00$75.523.28%248.99%

The latest Ameresco stock forecast, released on Oct 22, 2024 by Kashy Harrison from Piper Sandler, set a price target of $38.00, which represents a 23.62% increase from the stock price at the time of the forecast ($30.74), and a 70.02% increase from AMRC last price ($22.35).

Ameresco Price Target by Period

1M3M12M
# Anlaysts-37
Avg Price Target-$40.00$35.71
Last Closing Price$22.35$22.35$22.35
Upside/Downside-100.00%78.97%59.78%

In the current month, the average price target of Ameresco stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ameresco's last price of $22.35. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024UBSBuyBuyHold
Oct 22, 2024Piper SandlerOverweightOverweightHold
Oct 02, 2024Raymond JamesOutperformOutperformHold
Sep 05, 2024UBSBuyBuyHold
Sep 04, 2024Sandler O'NeillHoldHoldHold
Sep 03, 2024JefferiesHoldInitialise
Aug 06, 2024Piper SandlerMixedMixedHold
Jul 22, 2024Piper SandlerOverweightOverweightHold
Apr 11, 2024Piper SandlerOverweightOverweightHold
Mar 10, 2023Piper SandlerOverweightUpgrade
Mar 01, 2023Wolfe ResearchPeer PerformDowngrade
Mar 01, 2023JonesTradingUnderweightDowngrade
Mar 01, 2023Chardan CapitalBuyUpgrade
Mar 01, 2023OppenheimerOutperformUpgrade
Mar 01, 2023Cowen & Co.OutperformUpgrade
Mar 01, 2023Longbow ResearchBuyUpgrade
Mar 01, 2023Exane BNP ParibasOutperformUpgrade
Mar 01, 2023Craig-HallumBuyHoldDowngrade
Mar 01, 2023Goldman SachsNeutralDowngrade
Sep 26, 2022Morgan StanleyUnderweightDowngrade
Sep 26, 2022Loop Capital MarketsBuyUpgrade
Sep 26, 2022SMBC NikkoUnderperformDowngrade
Sep 26, 2022Bank of America SecuritiesBuyUpgrade
Aug 02, 2022Craig-HallumBuyBuyHold
Jul 26, 2022B. Riley SecuritiesBuyBuyHold
Jul 12, 2022Raymond JamesOutperformOutperformHold

Ameresco's last stock rating was published by UBS on Oct 22, 2024. The company gave AMRC a "Buy" rating, the same as its previous rate.

Ameresco Financial Forecast

Ameresco Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$441.37M$335.15M$327.07M$271.04M$331.73M$441.30M$577.40M$474.00M$415.89M$273.68M$273.92M$252.20M$314.32M$282.51M
Avg Forecast$674.81M$579.39M$552.79M$573.66M$667.37M$615.93M$569.91M$482.91M$572.46M$541.41M$488.86M$370.34M$523.61M$486.49M$390.28M$255.38M$399.98M$385.05M$290.97M$242.12M$368.17M$418.78M$511.46M$411.51M$412.84M$304.49M$259.49M$204.88M$265.57M$247.12M
High Forecast$732.57M$628.98M$600.10M$622.76M$724.49M$668.65M$618.68M$524.24M$621.46M$587.74M$530.70M$406.44M$558.97M$490.22M$398.54M$255.38M$423.40M$386.93M$315.87M$262.84M$399.69M$418.78M$511.46M$411.51M$412.84M$304.49M$259.49M$204.88M$265.57M$247.12M
Low Forecast$633.57M$543.98M$519.00M$538.60M$626.59M$578.29M$535.08M$453.40M$537.48M$508.32M$458.98M$339.59M$507.71M$482.76M$382.01M$255.38M$376.53M$383.16M$273.19M$227.32M$345.67M$418.78M$511.46M$411.51M$412.84M$304.49M$259.49M$204.88M$265.57M$247.12M
# Analysts633333454527109749464374347441016
Surprise %----------------1.10%0.87%1.12%1.12%0.90%1.05%1.13%1.15%1.01%0.90%1.06%1.23%1.18%1.14%

Ameresco's average Quarter revenue forecast for Mar 24 based on 4 analysts is $255.38M, with a low forecast of $255.38M, and a high forecast of $255.38M. AMRC's average Quarter revenue forecast represents a -42.14% decrease compared to the company's last Quarter revenue of $441.37M (Dec 23).

Ameresco EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts633333454527109749464374347441016
EBITDA----------------$34.08M$21.43M$33.27M$22.93M$22.31M$52.96M$43.05M$41.80M$39.53M$32.97M$23.09M$23.98M$32.92M$33.65M
Avg Forecast$74.08M$63.60M$60.68M$62.97M$73.26M$67.61M$62.56M$53.01M$62.84M$59.43M$53.67M$40.65M$57.48M$53.41M$42.84M$35.02M$43.91M$42.27M$31.94M$31.84M$36.41M$45.58M$55.67M$28.94M$44.93M$33.14M$28.24M$13.19M$28.90M$26.90M
High Forecast$80.42M$69.05M$65.88M$68.36M$79.53M$73.40M$67.92M$57.55M$68.22M$64.52M$58.26M$44.62M$61.36M$53.82M$43.75M$42.02M$46.48M$42.48M$34.68M$38.20M$43.69M$45.58M$55.67M$34.73M$44.93M$33.14M$28.24M$15.83M$28.90M$26.90M
Low Forecast$69.55M$59.72M$56.97M$59.13M$68.78M$63.48M$58.74M$49.77M$59.00M$55.80M$50.39M$37.28M$55.74M$53.00M$41.94M$28.02M$41.33M$42.06M$29.99M$25.47M$29.12M$45.58M$55.67M$23.15M$44.93M$33.14M$28.24M$10.55M$28.90M$26.90M
Surprise %----------------0.78%0.51%1.04%0.72%0.61%1.16%0.77%1.44%0.88%0.99%0.82%1.82%1.14%1.25%

4 analysts predict AMRC's average Quarter EBITDA for Mar 24 to be $35.02M, with a high of $42.02M and a low of $28.02M. This is 2.77% upper than Ameresco's previous annual EBITDA (Dec 23) of $34.08M.

Ameresco Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts633333454527109749464374347441016
Net Income----------------$33.73M$21.27M$6.37M$1.56M$17.93M$27.39M$32.22M$17.38M$29.59M$17.42M$13.65M$11.17M$23.48M$20.00M
Avg Forecast----$57.60M$43.67M$34.96M$16.32M$34.87M$29.03M$20.78M$4.70M$41.49M$27.46M$10.39M$15.96M$31.52M$24.36M$9.17M$14.51M$25.98M$24.65M$23.90M$13.19M$22.88M$17.79M$13.85M$6.15M$15.33M$13.28M
High Forecast----$64.01M$48.53M$38.85M$18.14M$38.75M$32.26M$23.09M$12.70M$51.45M$27.86M$11.54M$19.15M$43.08M$24.43M$10.19M$17.41M$31.17M$24.65M$23.90M$15.83M$22.88M$17.79M$13.85M$7.37M$15.33M$13.28M
Low Forecast----$53.03M$40.20M$32.18M$15.02M$32.10M$26.72M$19.13M$-5.64M$29.32M$27.07M$9.56M$12.77M$24.17M$24.30M$8.44M$11.61M$20.78M$24.65M$23.90M$10.55M$22.88M$17.79M$13.85M$4.92M$15.33M$13.28M
Surprise %----------------1.07%0.87%0.69%0.11%0.69%1.11%1.35%1.32%1.29%0.98%0.99%1.82%1.53%1.51%

Ameresco's average Quarter net income forecast for Mar 24 is $15.96M, with a range of $12.77M to $19.15M. AMRC's average Quarter net income forecast represents a -52.70% decrease compared to the company's last Quarter net income of $33.73M (Dec 23).

Ameresco SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts633333454527109749464374347441016
SG&A----------------$36.67M$42.75M$41.41M$41.30M$39.28M$40.62M$38.25M$39.69M$39.27M$35.17M$31.88M$28.60M$33.65M$26.86M
Avg Forecast$75.21M$64.57M$61.61M$63.94M$74.38M$68.65M$63.52M$53.82M$63.80M$60.34M$54.48M$41.27M$58.36M$54.22M$43.50M$36.43M$44.58M$42.91M$32.43M$33.12M$36.17M$46.67M$57.00M$30.11M$46.01M$33.94M$28.92M$15.73M$29.60M$27.54M
High Forecast$81.65M$70.10M$66.88M$69.41M$80.75M$74.52M$68.95M$58.43M$69.26M$65.51M$59.15M$45.30M$62.30M$54.64M$44.42M$43.72M$47.19M$43.12M$35.20M$39.75M$43.40M$46.67M$57.00M$36.13M$46.01M$33.94M$28.92M$18.88M$29.60M$27.54M
Low Forecast$70.61M$60.63M$57.84M$60.03M$69.83M$64.45M$59.64M$50.53M$59.90M$56.65M$51.15M$37.85M$56.59M$53.81M$42.58M$29.15M$41.97M$42.70M$30.45M$26.50M$28.93M$46.67M$57.00M$24.09M$46.01M$33.94M$28.92M$12.58M$29.60M$27.54M
Surprise %----------------0.82%1.00%1.28%1.25%1.09%0.87%0.67%1.32%0.85%1.04%1.10%1.82%1.14%0.98%

Ameresco's average Quarter SG&A projection for Mar 24 is $36.43M, based on 4 Wall Street analysts, with a range of $29.15M to $43.72M. The forecast indicates a -0.65% fall compared to AMRC last annual SG&A of $36.67M (Dec 23).

Ameresco EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts633333454527109749464374347441016
EPS----------------$0.64$0.41$0.12$0.03$0.34$0.53$0.62$0.34$0.57$0.34$0.27$0.23$0.49$0.42
Avg Forecast----$1.08$0.82$0.66$0.31$0.65$0.55$0.39$0.09$0.78$0.52$0.20$-0.12$0.59$0.46$0.17$0.07$0.38$0.46$0.45$0.27$0.43$0.34$0.26$0.09$0.29$0.25
High Forecast----$1.20$0.91$0.73$0.34$0.73$0.61$0.43$0.24$0.97$0.52$0.22$-0.11$0.81$0.46$0.19$0.08$0.43$0.46$0.45$0.27$0.43$0.34$0.26$0.09$0.29$0.25
Low Forecast----$1.00$0.76$0.60$0.28$0.60$0.50$0.36$-0.11$0.55$0.51$0.18$-0.13$0.45$0.46$0.16$0.06$0.35$0.46$0.45$0.27$0.43$0.34$0.26$0.09$0.29$0.25
Surprise %----------------1.08%0.90%0.70%0.44%0.88%1.14%1.38%1.25%1.32%1.01%1.04%2.46%1.70%1.68%

According to 4 Wall Street analysts, Ameresco's projected average Quarter EPS for Mar 24 is $-0.12, with a low estimate of $-0.13 and a high estimate of $-0.11. This represents a -118.58% decrease compared to AMRC previous annual EPS of $0.64 (Dec 23).

Ameresco Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TPICTPI Composites$1.20$5.00316.67%Buy
NOVASunnova Energy$4.20$10.22143.33%Buy
DQDaqo New Energy$17.96$32.4280.51%Buy
AMRCAmeresco$23.92$38.2559.91%Buy
HASIHannon Armstrong Sustainable Infrastructure Capital$27.90$41.4348.49%Buy
ATKRAtkore$85.31$112.3331.67%Buy

AMRC Forecast FAQ

Is Ameresco a good buy?

Yes, according to 17 Wall Street analysts, Ameresco (AMRC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 64.71% of AMRC's total ratings.

What is AMRC's price target?

Ameresco (AMRC) average price target is $38.25 with a range of $33 to $42, implying a 71.14% from its last price of $22.35. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Ameresco stock go up soon?

According to Wall Street analysts' prediction for AMRC stock, the company can go up by 71.14% (from the last price of $22.35 to the average price target of $38.25), up by 87.92% based on the highest stock price target, and up by 47.65% based on the lowest stock price target.

Can Ameresco stock reach $30?

AMRC's average twelve months analyst stock price target of $38.25 supports the claim that Ameresco can reach $30 in the near future.

What are Ameresco's analysts' financial forecasts?

Ameresco's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.34B (high $2.54B, low $2.19B), average EBITDA is $256.45M (high $278.4M, low $240.78M), average net income is $152.56M (high $169.53M, low $140.44M), average SG&A $260.37M (high $282.65M, low $244.45M), and average EPS is $2.87 (high $3.18, low $2.64). AMRC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.38B (high $2.58B, low $2.24B), average EBITDA is $261.34M (high $283.71M, low $245.37M), average net income is $0 (high $0, low $0), average SG&A $265.33M (high $288.04M, low $249.11M), and average EPS is $0 (high $0, low $0).

Did the AMRC's actual financial results beat the analysts' financial forecasts?

Based on Ameresco's last annual report (Dec 2023), the company's revenue was $1.37B, beating the average analysts forecast of $1.32B by 4.29%. Apple's EBITDA was $82.22M, missing the average prediction of $149.96M by -45.17%. The company's net income was $62.47M, missing the average estimation of $79.56M by -21.48%. Apple's SG&A was $162.14M, beating the average forecast of $153.04M by 5.94%. Lastly, the company's EPS was $1.17, missing the average prediction of $1.29 by -9.30%. In terms of the last quarterly report (Dec 2023), Ameresco's revenue was $441.37M, beating the average analysts' forecast of $399.98M by 10.35%. The company's EBITDA was $34.08M, missing the average prediction of $43.91M by -22.40%. Ameresco's net income was $33.74M, beating the average estimation of $31.52M by 7.02%. The company's SG&A was $36.67M, missing the average forecast of $44.58M by -17.74%. Lastly, the company's EPS was $0.64, beating the average prediction of $0.592 by 8.10%