Revenue Update on Ameresco Inc(NYSE:AMRC)

Ameresco Inc(NYSE:AMRC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $162.63M. Analysts estimated a revenue of $148.55M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.04.

Ameresco Inc (AMRC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.24% or 0.06 points. Due to strong positive momentum, the stock ended at $4.89, which is also near the day’s high of $4.98. The stock began the session at $4.86 and the volume stood at 45,133 shares. The 52-week high of the shares is $7.1 and the 52 week low is $3.91. The company has a current market capitalization of $228 M and it has 4,65,50,086 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 14, 2016, Neil Gagnon (10% owner) purchased 9,863 shares at $5.21 per share price.Also, On Mar 9, 2016, Douglas I Foy (director) purchased 4,000 shares at $5.03 per share price.On Mar 9, 2016, Francis V Jr Wisneski (director) purchased 1,000 shares at $4.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Ameresco Inc. is a provider of energy efficiency infrastructure upgrades asset sustainability and renewable energy solutions for businesses and organizations. The Company operates throughout North America and Europe. It is engaged in the development design engineering and installation of projects that reduce the energy. The Company’s segments include U.S. Regions U.S. Federal Canada Small-Scale Infrastructure and All Other. It also assists customers in obtaining third-party financing. Its service includes energy efficiency projects which involves the design engineering and installation of and the arranging of financing for equipment to improve the energy efficiency and control the operation of a building’s heating ventilation cooling and lighting systems. Its service offering also includes the sale of electricity processed landfill gas (LFG) heat or cooling from the portfolio of assets that it owns and operates.

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