Ameresco Inc. Class A (AMRC) Breaks into New 52-Week High on December 17 Session – Equities.com


Ameresco Inc. Class A (AMRC) Breaks into New 52-Week High on December 17 Session

Equities Staff  | Thursday, 17 December 2020 17:13 (EST)

Shares of Ameresco Inc. Class A (AMRC) broke into a new 52-week high yesterday, hitting a peak of $49.10. Shares closed at $49.05 after opening at $47.00 for a move of 5.03%. The company now has a market cap of $2.35 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Ameresco Inc. Class A, the new 52-week high came on volume of 343,409. The stock has a float of 47.87 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of Ameresco Inc. Class A, check out Equities.com’s Stock Valuation Analysis report for AMRC.

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Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce the energy, also focuses on the operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The group derives revenue from long-term O&M contracts, energy supply contracts for renewable energy; integrated-PV and through consulting and enterprise energy management services.

Ameresco Inc. Class A is based out of Framingham, MA and has some 1,127 employees. Its CEO is George Sakellaris.

Ameresco Inc. Class A is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.


To get more information on Ameresco Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: AMRC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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Source: https://www.equities.com/news/ameresco-inc-class-a-amrc-breaks-into-new-52-week-high-on-december-17-session

December 18, 2020 susan ward