Ameresco CEO George Sakellaris buys $66k in shares By Investing.com

George P. Sakellaris, Chief Executive Officer, Director, and 10% Owner of Ameresco, Inc. (), acquired 3,000 shares of the company’s Class A Common Stock on August 28, 2026. The total value of these purchases amounted to $66,390.

The shares were bought at a weighted average price of $22.13, with individual transaction prices ranging from $21.87 to $22.80. Following these transactions, Mr. Sakellaris directly holds 1,013,597 shares of Ameresco Class A Common Stock.The purchase comes as the stock has declined 27% over the past six months, though InvestingPro analysis suggests the company is currently undervalued relative to its Fair Value. The platform identifies AMRC as one of the stocks on its Most Undervalued list, with 6 analysts recently revising their earnings upwards for the upcoming period.

Additionally, Mr. Sakellaris indirectly holds 1,100,000 shares through a trust for the benefit of his children, who share his household. He also indirectly holds 200,000 shares through his spouse. Mr. Sakellaris disclaims beneficial ownership of these indirectly held shares.

In other recent news, Ameresco reported its second-quarter revenue at $515.5 million, surpassing the consensus estimate of $465 million. The company’s non-GAAP earnings per share matched expectations at $0.20, and adjusted EBITDA slightly exceeded projections, reaching $62.8 million. Ameresco’s total project backlog increased to $6.73 billion, marking a 31.8% rise year-over-year and a 27.6% increase quarter-over-quarter.

Cantor Fitzgerald maintained an Overweight rating on Ameresco stock, adjusting its fiscal 2026 revenue estimate to $2.15 billion. However, it lowered the adjusted EBITDA projection by 2% to $264 million and adjusted earnings per share by 6% to $1.14 due to a conservative margin outlook. The firm also reiterated a $44 price target, highlighting significant growth in data center awards. Meanwhile, Oppenheimer kept a Perform rating, citing the company’s data center project wins.

Additionally, Ameresco announced the resignation of David J. Corrsin as a Class II director and his retirement as Executive Vice President and General Counsel. Corrsin will continue to serve as a Special Legal Advisor, and his departure was not due to any disagreements with the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.