Ameresco (AMRC) Stock Forecast, Price Target & Predictions
AMRC Stock Forecast
Ameresco stock forecast is as follows: an average price target of $56.43 (represents a 110.95% upside from AMRC’s last price of $26.75) 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 $56.43 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $82.00 to $33.00. This represents a potential 110.95% upside from AMRC's last price of $26.75.
AMRC Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Kashy Harrison | Piper Sandler | $38.00 | $30.74 | 23.62% | 42.06% |
| Oct 02, 2024 | Pavel Molchanov | Raymond James | $40.00 | $37.31 | 7.21% | 49.53% |
| Sep 23, 2024 | Christopher Van Horn | Robert W. Baird | $42.00 | $38.49 | 9.12% | 57.01% |
| Sep 03, 2024 | Dushyant Ailani | Jefferies | $33.00 | $29.52 | 11.79% | 23.36% |
| Aug 06, 2024 | Kashy Harrison | Piper Sandler | $35.00 | $26.85 | 30.35% | 30.84% |
| May 09, 2024 | Ben Kallo | Robert W. Baird | $32.00 | $26.94 | 18.78% | 19.63% |
| Apr 11, 2024 | Kashy Harrison | Piper Sandler | $30.00 | $23.12 | 29.76% | 12.15% |
| Aug 02, 2022 | - | Stifel Nicolaus | $82.00 | $64.21 | 27.71% | 206.54% |
| Aug 02, 2022 | - | Craig-Hallum | $82.00 | $64.97 | 26.21% | 206.54% |
| Jul 12, 2022 | - | Raymond James | $65.00 | $44.63 | 45.64% | 142.99% |
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 42.06% increase from AMRC last price ($26.75).
Ameresco Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 7 |
| Avg Price Target | $38.00 | $38.25 | $35.71 |
| Last Closing Price | $26.75 | $26.75 | $26.75 |
| Upside/Downside | 42.06% | 42.99% | 33.50% |
In the current month, the average price target of Ameresco stock is $38.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 42.06% increase as opposed to Ameresco's last price of $26.75. This month's average price target is down -0.65% compared to last quarter, and up 6.41% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | UBS | Buy | Buy | Hold |
| Oct 22, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 02, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 05, 2024 | UBS | Buy | Buy | Hold |
| Sep 04, 2024 | Sandler O'Neill | Hold | Hold | Hold |
| Sep 03, 2024 | Jefferies | - | Hold | Initialise |
| Aug 06, 2024 | Piper Sandler | Mixed | Mixed | Hold |
| Jul 22, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 11, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Mar 10, 2023 | Piper Sandler | - | Overweight | Upgrade |
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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 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 | $574.46M | $543.26M | $490.05M | $370.38M | $523.48M | $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 | $729.10M | $626.01M | $597.26M | $619.81M | $721.07M | $665.48M | $615.76M | $521.76M | $620.68M | $586.96M | $529.48M | $406.40M | $559.08M | $490.22M | $398.54M | $255.38M | $423.40M | $386.93M | $314.38M | $261.60M | $397.80M | $418.78M | $511.46M | $411.51M | $412.84M | $304.49M | $259.49M | $204.88M | $265.57M | $247.12M |
| Low Forecast | $640.04M | $549.54M | $524.30M | $544.10M | $632.98M | $584.19M | $540.54M | $458.02M | $544.86M | $515.26M | $464.80M | $339.96M | $507.81M | $482.76M | $382.01M | $255.38M | $376.53M | $383.16M | $275.97M | $229.64M | $349.20M | $418.78M | $511.46M | $411.51M | $412.84M | $304.49M | $259.49M | $204.88M | $265.57M | $247.12M |
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 |
| 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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 |
| 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 | $74.09M | $63.62M | $60.70M | $62.99M | $73.28M | $67.63M | $62.58M | $53.02M | $63.08M | $59.65M | $53.81M | $40.67M | $57.48M | $53.42M | $42.85M | $35.02M | $43.92M | $42.28M | $31.95M | $31.84M | $36.41M | $45.58M | $55.67M | $28.94M | $44.93M | $33.14M | $28.24M | $13.19M | $28.90M | $26.90M |
| High Forecast | $80.06M | $68.74M | $65.58M | $68.06M | $79.17M | $73.07M | $67.61M | $57.29M | $68.15M | $64.45M | $58.14M | $44.62M | $61.39M | $53.83M | $43.76M | $42.02M | $46.49M | $42.48M | $34.52M | $38.20M | $43.69M | $45.58M | $55.67M | $34.73M | $44.93M | $33.14M | $28.24M | $15.83M | $28.90M | $26.90M |
| Low Forecast | $70.28M | $60.34M | $57.57M | $59.74M | $69.50M | $64.14M | $59.35M | $50.29M | $59.83M | $56.58M | $51.03M | $37.33M | $55.76M | $53.01M | $41.94M | $28.02M | $41.34M | $42.07M | $30.30M | $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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 |
| 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 | $35.83M | $30.25M | $21.53M | $5.23M | $41.34M | $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 | - | - | - | - | $63.63M | $48.24M | $38.62M | $18.03M | $39.58M | $33.42M | $23.78M | $13.52M | $51.95M | $27.86M | $11.47M | $19.15M | $43.08M | $24.43M | $10.13M | $17.41M | $31.17M | $24.65M | $23.90M | $15.83M | $22.88M | $17.79M | $13.85M | $7.37M | $15.33M | $13.28M |
| Low Forecast | - | - | - | - | $53.74M | $40.74M | $32.62M | $15.23M | $33.43M | $28.23M | $20.08M | $-5.23M | $29.61M | $27.07M | $9.69M | $12.77M | $24.17M | $24.30M | $8.56M | $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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 |
| 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 | $64.03M | $60.55M | $54.62M | $41.28M | $58.34M | $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 | $81.26M | $69.77M | $66.57M | $69.08M | $80.36M | $74.17M | $68.63M | $58.15M | $69.18M | $65.42M | $59.01M | $45.29M | $62.31M | $54.64M | $44.42M | $43.72M | $47.19M | $43.12M | $35.04M | $39.75M | $43.40M | $46.67M | $57.00M | $36.13M | $46.01M | $33.94M | $28.92M | $18.88M | $29.60M | $27.54M |
| Low Forecast | $71.33M | $61.25M | $58.43M | $60.64M | $70.55M | $65.11M | $60.24M | $51.05M | $60.73M | $57.43M | $51.80M | $37.89M | $56.60M | $53.81M | $42.58M | $29.15M | $41.97M | $42.70M | $30.76M | $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 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 10 | 9 | 7 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 10 | 16 |
| 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 | $0.67 | $0.57 | $0.40 | $0.10 | $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 | $0.74 | $0.63 | $0.45 | $0.25 | $0.98 | $0.52 | $0.22 | $-0.11 | $0.81 | $0.46 | $0.19 | $0.08 | $0.42 | $0.46 | $0.45 | $0.27 | $0.43 | $0.34 | $0.26 | $0.09 | $0.29 | $0.25 |
| Low Forecast | - | - | - | - | $1.01 | $0.77 | $0.61 | $0.29 | $0.63 | $0.53 | $0.38 | $-0.10 | $0.56 | $0.51 | $0.18 | $-0.13 | $0.45 | $0.46 | $0.16 | $0.06 | $0.36 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TPIC | TPI Composites | $2.00 | $26.00 | 1200.00% | Buy |
| NOVA | Sunnova Energy | $4.23 | $20.91 | 394.33% | Buy |
| AMRC | Ameresco | $26.75 | $56.43 | 110.95% | Buy |
| ATKR | Atkore | $84.15 | $126.80 | 50.68% | Buy |
| HASI | Hannon Armstrong Sustainable Infrastructure Capital | $28.05 | $41.43 | 47.70% | Buy |
| DQ | Daqo New Energy | $20.12 | $25.78 | 28.13% | Buy |