On 10/17/24, Ameresco Inc (NYSE: AMRC) stock suffered a major decline of -11.2%, closing at $30.90. Moreover, trading volume in this decline was exceptionally high at 265% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.5% 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 A (Highest Rating). 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 59 but a very high Power Rating of 98, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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