Ameresco Inc (NYSE: AMRC) stock closed at $22.74 on 3/27/24 after a major increase of 10.3%. Moreover, unusually high trading volume at 161% of normal accompanied the advance. The stock has risen 14.0% during the last week but has been extremely weak relative to the market over the last nine months.
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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ameresco has a good Appreciation Score of 84 but a poor Power Rating of 21, producing the Neutral Value Trend Rating.
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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