Ahrvo Daily Movers ⬆ Ameresco (AMRC)
President-elect Biden’s clean energy plan includes ~$2 trillion in clean energy infrastructure over the next four years.
About Ameresco Inc.
Ameresco Inc.(ticker: AMRC) provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance costs of customers' facilities. The company's projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems.
AMRC also offers renewable energy products and services, such as the construction of small-scale plants for customers that produce electricity, gas, heat, or cooling from renewable sources of energy; and sells electricity and processed renewable gas fuel, heat, or cooling. It serves federal, state, and local governments, as well as healthcare and educational institutions, housing authorities, and commercial and industrial customers. As of December 31, 2019, the company owned and operated 99 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.
Ahrvo Stock Rankings
Ameresco Inc. is one of only thirty-three companies (out of over 8,000+ stocks we cover) on Ahrvo that ranks above 90 in the AhrvoScore, Growth Score, and Momentum Score; with Value and Quality Score above 80. Ameresco has an AhrvoScore (overall score) of 99 has been flat (+0%) over the last 3 months. AMRC’s Momentum, Value, Quality, and Growth Score are 99, 80, 89, and 98, respectively.
Over the last three months, Momentum is flat and Value is down 3 points (-4%). While Quality Score is up 1 point to 89 (+1%) and Growth Score is up 7 points to 98 (+8%). Relative to its competitors, Ameresco ranks higher across all stock scores: Ahrvo Score 99 vs. 69, Momentum Score 99 vs. 62, Value Score 83 vs. 62, Quality Score 88 vs. 65, and Growth Score 91 vs. 63. Ahrvo’s proprietary trading signal also indicates that AMRC is a STRONG BUY.
Quick Take
Ameresco has been a top performer for quite some time. Since the stock became a STRONG BUY on Ahrvo 1 year ago, AMRC is up more than 213%, handsomely outperforming the broader market. For the fiscal year ending December 2020, AMRC is expected to earn $1.01 per share, which would result in earnings growth of 21.7% from the same period last year. Over the last four quarters, Ameresco has beat earnings expectations by an average of 68%. Ameresco should continue to perform well under the Biden Administration. President-elect Biden’s clean energy plan includes ~$2 trillion in clean energy infrastructure over the next four years.
From a technical perspective, Ameresco continues to show strong momentum, with its 50-day moving average of $46.46 comfortably above its 200-day moving average of $31.77. AMRC is a bit overbought with a relative strength indicator (RSI) of 68. Prospective investors looking to enter a position in AMRC should wait for the RSI to pull back to the neutral range of 50-60.
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Ahrvo Daily Movers ⬆ Ameresco (AMRC)
https://ahrvotechnologies.substack.com/p/ameresco-amrc-a-play-on-clean-energy?r=2ahol&utm_campaign=post&utm_medium=web&utm_source=copy
Very recommended