Ameresco Inc (NYSE: AMRC) stock enjoyed a major increase of 10.0% on 12/14/23. The shares closed at $36.52. Moreover, above average trading volume at 123% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 20.8% during the last week.
Current PriceTarget Research Rating
AMRC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ameresco has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ameresco has a neutral Appreciation Score of 57 but a poor Power Rating of 26, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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