Insider Trader Watch: Ameresco, Inc. $AMRC

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Ameresco, Inc. (NYSE:AMRC) insider have most recently took part in a trading activity. On Dec 1, 2017 Murley Thomas S, Director bought 1,000 shares having total worth of $8,550 at the price of $8.55 per share, following the transaction a total of 5,000 shares owned by Murley Thomas S. Before this latest buy, Murley Thomas S purchased AMRC at 1 other times during the past twelve months, for a total investment of $27,400 at an average of $6.85 per share.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 3 sell activities .Furthermore, over the past 12 months , the stock was traded 12 times by insiders. In 10 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 3 34.62%
12 Month 2 10 85.38%

Shares of Ameresco, Inc. (NYSE:AMRC) traded up 1.74% on Dec 4, 2017, hitting $8.75. 70,262 shares of the company’s stock traded hands. Ameresco, Inc. has a 52 week low of $4.29 and a 52 week high of $8.75. The company’s market cap is $230 million.

Ameresco, Inc. (NYSE:AMRC) last announced its earnings results on Oct 31, 2017. The company reported 0.18 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.15 by $0.03. The company had revenue of $205 million for the quarter, compared to the consensus estimate of $186 million. During the same quarter in the previous year, the company posted 0.16 earnings per share. The company’s revenue for the quarter was up 13% on a year-over-year basis.

2017-10-31 2017-08-09 2017-05-02 2017-03-02 2016-11-01 2016-08-09 2016-05-05 2016-03-03 2015-11-05 2015-07-30
earnings per share 0.18 0.13 -0.04 0.08 0.16 0.08 0.03 0.09 0.09 0.04
Revenue(M) 204.74 166.67 134.61 174.23 180.6 162.63 133.78 173.77 189.14 152.49

Ameresco, Inc., was incorporated in Delaware in April 2000. The Company is a provider of energy efficiency solutions for facilities throughout North America. Its solutions enable customers to reduce their energy consumption, lower their operating and maintenance costs and realize environmental benefits. The Company’s comprehensive set of services addresses almost all aspects of purchasing and using energy within a facility. The Company’s services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants. Its main service is the development, design, engineering and installation of projects that reduce the energy and operations and maintenance, or O&M, costs of its customers’ facilities. These projects include a variety of measures customized for the facility and designed to improve the efficiency of major building systems, such as heating, ventilation, air conditioning and lighting systems. After a project is complete, it may operate, maintain and repair the customer’s energy systems under a multi-year O&M contract, which provides it with recurring revenue and visibility into the customer’s evolving needs. It also serves certain customers by developing and building small-scale renewable energy plants located at or close to a customer’s site. Its small-scale renewable energy plants to date have been constructed adjacent to landfills and use landfill gas, or LFG, to generate energy. It also sells and installs photovoltaic, or PV, panels and integrated PV systems that convert solar energy to power. By enabling its customers to procure renewable sources of energy, it helps them reduce or stabilize their energy costs, as well as realize environmental benefits. As of December 31, 2012, it had backlog of approximately $367 million in expected future revenue under signed customer contracts for the installation or construction of projects. The Company’s main competitors include Chevron Energy Solutions, Constellation Energy, Honeywell, Johnson Controls, NORESCO, Siemens Building Technologies, TAC Energy Solutions, and Trane. In addition, the operation of, and electrical interconnection for, its renewable energy projects are subject to federal, state or provincial interconnection and federal reliability standards also set forth in utility tariffs.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.