Here's Why Ameresco, Inc.'s Stock Popped 10% in August

Here's Why Ameresco, Inc.'s Stock Popped 10% in August

Shares of Ameresco (NYSE: AMRC), an industry leader in energy-efficiency solutions for facilities throughout North America and Europe, extended the 7% rise they've experienced through the first seven months of the year and climbed 10% in August, according to S&P Market Intelligence. Crushing analyst's second-quarter earnings estimates of $0.06 per share, Ameresco reported earnings of $0.13 per share -- a welcome sight for a company that missed analysts' earnings estimates in the previous quarter.

Besides beating estimates, there were several bright spots in the Q2 report. For one, the company booked revenue of $166.7 million in the quarter -- a 2.5% increase over the same period last year.

More notable, however, was the company's improvements in controlling costs. Ameresco expanded its operating margin from 2.9% in Q2 2016 to 5.3% in this past quarter. Likewise, the net income margin grew to 3.6% from the 1.3% that it reported for the same period last year.

Continue reading

Source: Fool.com