Ameresco, Inc. (AMRC)

Ameresco Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Ameresco stock have an average target of 36.88, with a low estimate of 33 and a high estimate of 42. The average target predicts an increase of 37.87% from the current stock price of 26.75.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$33	$36.88	$37	$42
Change	+23.36%	+37.87%	+38.32%	+57.01%

Analyst Ratings

The average analyst rating for Ameresco stock from 10 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	7	6	5	5	5	4
Buy	4	4	4	4	4	4
Hold	3	3	3	3	3	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	13	12	12	12	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $32 → $34	Strong Buy	Maintains	$32 → $34	+27.10%	Nov 11, 2024
Kashy Harrison Piper Sandler	Piper Sandler	Buy Maintains $35 → $38	Buy	Maintains	$35 → $38	+42.06%	Oct 22, 2024
Ben Kallo Baird	Baird	Buy Maintains $32 → $42	Buy	Maintains	$32 → $42	+57.01%	Sep 23, 2024
William Grippin UBS	UBS	Strong Buy Maintains $39 → $40	Strong Buy	Maintains	$39 → $40	+49.53%	Sep 5, 2024
Julien Dumoulin-Smith Jefferies	Jefferies	Hold Initiates $33	Hold	Initiates	$33	+23.36%	Sep 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.78B

Increased by 29.71%

from 1.37B

Revenue Next Year

1.98B

Increased by 11.05%

from 1.78B

EPS This Year

1.18

Increased by 0.99%

from 1.17

EPS Next Year

1.87

Increased by 58.17%

from 1.18

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	866.93M	1.03B	1.22B	1.82B	1.37B	1.78B	1.98B	2.24B
Revenue Growth	10.14%	19.07%	17.77%	50.07%	-24.65%	29.71%	11.05%	13.08%
EPS	0.93	1.10	1.35	1.78	1.17	1.18	1.87	2.89
EPS Growth	14.81%	18.28%	22.73%	31.85%	-34.27%	0.99%	58.17%	54.45%
Forward PE	-	-	-	-	-	22.64	14.31	9.27
No. Analysts	-	-	-	-	-	16	16	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.9B	2.4B	2.6B
Avg	1.8B	2.0B	2.2B
Low	1.7B	1.8B	2.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	34.8%	33.8%	33.1%
Avg	29.7%	11.0%	13.1%
Low	23.0%	-0.1%	-0.3%

EPS Forecast

EPS	2024	2025	2026	2027
High	1.39	2.33	3.07
Avg	1.18	1.87	2.89
Low	0.96	1.38	2.62

EPS Growth

EPS Growth	2024	2025	2026	2027
High	18.5%	97.3%	64.0%
Avg	1.0%	58.2%	54.4%
Low	-17.9%	16.9%	40.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.