Ameresco Inc (NYSE: AMRC) stock enjoyed a major increase of 16.5% on 7/11/24. The shares closed at $31.57. Moreover, trading volume in this advance was unusually high at 157% of normal. The stock has been weak relative to the market over the last nine months but has risen 17.4% during the last week.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Ameresco has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 33, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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