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What's Happening:Energy efficiency expertAmeresco Inc stock got off to a hot start in early trading on March 5, up 10% before cooling off to about a 9% gain at noon. That puts the stock about flat for the year, after being down 15% last month. Looking further back in time, Ameresco shares are still 31% below the 2010 IPO price, and almost 60% down from the all-time high in 2011:
Why It's Happening:Ameresco did something that investors haven't seen since 2011: reported year-over-year growth in both revenue and profits. While sales and net income are still far off the levels from a few years back, the company is making steady progress in turning things around. If you're looking for more details on the earnings report, check out our more in-depth write-up here.
The article Here's Why Ameresco Inc (AMRC) Stock Jumped 10% Today originally appeared on Fool.com.
Jason Hall has no position in any stocks mentioned. The Motley Fool recommends Ameresco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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