What’s Ameresco Inc Class A (NYSE:AMRC) Upside After This Short Interest Increase?

June 18, 2018 - By Peter Erickson

Ameresco, Inc. (NYSE:AMRC) Logo

The stock of Ameresco Inc Class A (NYSE:AMRC) registered an increase of 5.56% in short interest. AMRC’s total short interest was 282,900 shares in June as published by FINRA. Its up 5.56% from 268,000 shares, reported previously. With 148,300 shares average volume, it will take short sellers 2 days to cover their AMRC’s short positions. The short interest to Ameresco Inc Class A’s float is 1.61%.

The stock increased 2.14% or $0.25 during the last trading session, reaching $11.95. About 172,601 shares traded or 13.44% up from the average. Ameresco, Inc. (NYSE:AMRC) has risen 58.33% since June 18, 2017 and is uptrending. It has outperformed by 45.76% the S&P500.

Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe. The company has market cap of $568.42 million. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. It has a 12.22 P/E ratio. The firm operates through U.S.

Ameresco, Inc. (NYSE:AMRC) Ratings Coverage

Among 3 analysts covering Ameresco Inc (NYSE:AMRC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ameresco Inc has $13.5 highest and $11.5 lowest target. $13.17’s average target is 10.21% above currents $11.95 stock price. Ameresco Inc had 4 analyst reports since March 7, 2018 according to SRatingsIntel. The stock of Ameresco, Inc. (NYSE:AMRC) earned “Buy” rating by Roth Capital on Wednesday, March 7. Oppenheimer maintained the shares of AMRC in report on Wednesday, May 2 with “Outperform” rating. As per Friday, April 27, the company rating was maintained by Canaccord Genuity. The firm earned “Buy” rating on Thursday, March 8 by Canaccord Genuity.

More recent Ameresco, Inc. (NYSE:AMRC) news were published by: Businesswire.com which released: “Ameresco Partners with the City of Atlanta for Guaranteed Energy Savings Performance Contract” on June 06, 2018. Also Businesswire.com published the news titled: “Ameresco Partners with Portland Public Schools for Phase 8 Energy Improvements” on May 23, 2018. Businesswire.com‘s news article titled: “Ameresco to Participate in ROTH London Conference on June 19” with publication date: June 12, 2018 was also an interesting one.

Ameresco, Inc. (NYSE:AMRC) Ratings Chart

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