5 Most Undervalued Renewable Energy Stocks To Buy According To Analysts

2. Ameresco, Inc. (NYSE:AMRC)

PE Ratio as of March 21: 18.01

Average Upside Potential as of March 21: 63.51%

Number of Hedge Fund Holders: 7

Ameresco, Inc. (NYSE:AMRC) is a prominent name in cleantech integration and develops, owns, and operates renewable energy assets. The company’s clean energy portfolio spans several industries, such as solar, wind, battery energy storage, and more. As of March 21, Ameresco, Inc. (NYSE:AMRC) has a TTM PE ratio of 18.01.

According to TipRanks, Ameresco, Inc. (NYSE:AMRC) has been covered by 10 Wall Street analysts over the past three months, and 8 maintain a Buy rating on the stock. The average analyst price target of $34.50 shows an upside of 63.51% from its last price of $21.10 as of March 21. 

On March 12, Exane BNP Paribas analyst Moses Sutton upgraded the rating on Ameresco, Inc.’s (NYSE:AMRC) stock to Outperform from Neutral and maintained a $34 price target.

Ameresco, Inc. (NYSE:AMRC) was held by 7 hedge funds in the fourth quarter of 2023. The total stakes of the funds amounted to $12.022 million. As of December 31, 2023, Bandera Partners is the most dominant shareholder in the company, with a position worth $5.5 million.