Ameresco Inc (NYSE: AMRC) stock closed at $26.94 on 5/8/24 after a major increase of 21.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 265% of normal. The stock has risen 28.7% 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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ameresco has a good Appreciation Score of 78 but a very low Power Rating of 12, producing the Low 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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