Ameresco Inc (NYSE: AMRC) stock suffered a major decline of -16.3% on 11/8/24. The shares closed at $26.48. Moreover, this decline was accompanied by exceptionally high trading volume at 289% of normal. The stock has declined -13.9% during the last week but has been exceptionally strong 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ameresco has a good Appreciation Score of 75 and a very high Power Rating of 96, triggering 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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