Ameresco’s shares plunge 9.5% on analyst downgrade

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Ameresco ($NYSE:AMRC)’s shares have fallen by 9.5% after an analyst downgrade. Ameresco, Inc. is a leading energy services company specializing in energy efficiency, infrastructure upgrades, energy security and renewable energy solutions for businesses and organizations worldwide. The company’s shares fell sharply after an analyst at B. Riley FBR downgraded the stock, citing concerns about Ameresco’s ability to execute on its growth plans. Ameresco has been growing rapidly in recent years, thanks to strong demand for its energy efficiency and renewable energy solutions.

However, the company has also been facing some challenges, including cost overruns at some of its projects. While the company’s energy efficiency and renewable energy solutions are in high demand, Ameresco must still execute its plans carefully in order to avoid any further setbacks.

Share Price

Ameresco’s shares plunged 9.5% on Thursday after an analyst downgrade, with the stock opening at $52.3 and closing at $52.1. This is a 0.2% increase from the prior closing price of 52.0. The company’s media exposure has mostly been positive till now, but the analyst’s downgrade has spooked investors.

VI Analysis

Amaresco Inc. is a publicly traded renewable energy company based in the United States. The company focuses on developing, financing, designing, constructing, and operating large-scale renewable energy projects. Amaresco Inc. has been rated as a high risk investment by VI Risk Rating due to 4 risk warnings in its balance sheet, cashflow statement, non financial, and financial journal.

VI Peers

The company offers a comprehensive range of services, including energy efficiency, renewable energy, distributed generation, demand response, and energy storage. Ameresco has a strong track record of delivering successful projects for government, commercial, and industrial customers. Ameresco’s competitors include Samaiden Group Bhd, Captain Polyplast Ltd, and Trendsetter Solar Products Inc. These companies are also leaders in the energy efficiency and renewable energy industries. Each company has a unique set of offerings, and each is striving to be the best in the business.

– Samaiden Group Bhd ($KLSE:0223)

Samaiden Group Bhd is a Malaysian conglomerate with a market capitalization of 296.45 million as of 2022. The company’s return on equity is 12.46%. Samaiden Group Bhd is involved in a wide range of businesses, including construction, engineering, real estate, and healthcare.

– Captain Polyplast Ltd ($BSE:536974)

Polyplast Ltd is a publicly traded company with a market capitalization of $785.91 million as of 2022. The company has a return on equity of 11.43%. Polyplast Ltd is engaged in the manufacture and sale of plastic products. The company’s products include pipes, fittings, and sheets. Polyplast Ltd is headquartered in India.

Summary

Ameresco, Inc. is a leading provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include energy efficiency, renewable energy, water conservation, waste reduction, and carbon management. Ameresco has completed energy saving, water saving, and renewable energy projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers.