Stock Alert: Ameresco Shares Up 6%

(RTTNews) - Shares of Ameresco Inc. (AMRC) are rising over 6% Tuesday morning, after the company reaffirmed its fiscal 2020 guidance, while reporting upbeat Q4 results.

The stock has been trading in the range of $13.11 - $32.48 for the past one year, and is currently trading at $30.15, up $1.89 or 6.69% in the regular session.

The company's fourth-quarter net income was $4.4 million or $0.09 per share compared to $9.2 million or $0.19 per share last year.

Non-GAAP net income was $9.01 million or $0.19 per share versus $8.60 million or $0.18 per share reported a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.06 per share for the quarter. Analysts' estimate typically exclude certain special items.

Revenues increased 13% to $223.0 million, compared to $198.2 million last year, driven primarily by strong revenue growth across our three main businesses: projects, energy assets and O&M.

For fiscal 2020, the company reaffirmed its non-GAAP earnings guidance of $0.86 - $0.96 per share, on revenue of $910 million - $980 million. Six Wall Street analysts have a consensus earnings estimate of $0.90 per share on revenue of $942.62 million for the quarter.