Stock Rating Downgrade
The Value Trend Rating for Ameresco Inc (NYSE: AMRC) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Ameresco Inc (NYSE: AMRC) stock closed at $27.62 on 5/10/24 after a modest decline of -1.2%. NORMAL trading volume accompanied the decline. The stock has risen 28.8% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, AMRC is expected to continue to be a modest Value Builder.
Ameresco has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ameresco has a slightly positive Appreciation Score of 69 but a very low Power Rating of 12, triggering the Negative Value Trend Rating.
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