Ameresco Rating Upgrade Could Make it a Solid Choice for Investors

Ameresco (AMRC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. – Nasdaq

Ameresco, Inc. provides comprehensive energy services for businesses and organizations in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. As of December 31, 2020, the company owned and operated 130 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts. – Seeking Alpha

Because of the importance of a changing earnings picture in determining short-term stock price movements, the Zacks rating system is extremely useful for individual investors.

As a result, Ameresco’s Zacks rating upgrade reflects optimism about its earnings outlook, which could translate into buying pressure and an increase in its stock price.

For Ameresco, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company’s underlying business, says

This energy services company is expected to earn $1.43 per share for the fiscal year ending December 2021, a 21.2 percent increase from the previous year’s reported figure, with analysts raising Ameresco’s estimates by 11.4 percent.