Why Ameresco (AMRC) Stock Is Trading Lower Today
What Happened?
Shares of energy and renewable energy projects company Ameresco (NYSE:AMRC) fell 32.9% in the afternoon session after the company reported weak fourth quarter results: its full-year EBITDA and revenue guidance fell short of Wall Street’s estimates. On the other hand, Ameresco blew past analysts’ EBITDA and its EPS outperformed Wall Street’s estimates. Still, this was a weaker quarter.
The shares closed the day at $11.80, down 35.4% from previous close.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Ameresco?
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What The Market Is Telling Us
Ameresco’s shares are extremely volatile and have had 53 moves greater than 5% over the last year. But moves this big are rare even for Ameresco and indicate this news significantly impacted the market’s perception of the business.
Ameresco is down 52.9% since the beginning of the year, and at $11.84 per share, it is trading 69.5% below its 52-week high of $38.78 from September 2024. Investors who bought $1,000 worth of Ameresco’s shares 5 years ago would now be looking at an investment worth $525.29.
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