Ameresco Inc. (AMRC) experienced a significant pre-market decline of 8.96% on Tuesday, as investor sentiment turned negative following the release of disappointing first-quarter financial results and a subsequent analyst action.
The energy efficiency company reported an adjusted loss per share of $0.33 for Q1 2026, which was worse than the analyst consensus estimate of a $0.30 loss. Furthermore, the net loss attributable to common shareholders widened substantially to $18.3 million, compared to a loss of $10.4 million in the same period last year.
Compounding the negative outlook, Ameresco revised its full-year 2026 adjusted earnings per share guidance downward to a range of $1.06 to $1.28, from its previous forecast of $1.10 to $1.35. In a related development, the investment firm Baird lowered its price target on Ameresco shares to $36 from $44, while maintaining an Outperform rating.