Ameresco (AMRC) in Focus: Stock Tumbles 7%

Zacks

Ameresco, Inc. (AMRC) saw a big move last session, as the company’s shares fell by nearly  7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session.  This continues the recent downtrend for AMRC, as the stock is now down 19.8%% in the past one-month time frame.

Ameresco has seen flat record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AMRC currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the same sector include Pernix Group Inc (PRXG), Simpson Manufacturing Co., Inc. (SSD) and United Rentals, Inc. (URI). All of these stocks carry a Zacks Rank #1 (Strong Buy).

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