10 Most Undervalued Renewable Energy Stocks To Buy Right Now

6. Ameresco, Inc. (NYSE:AMRC)

PE Ratio as of April 30: 10.15

Number of Hedge Fund Holders: 19

Ameresco, Inc. (NYSE:AMRC) is a Massachusetts-based company delivering clean energy and efficiency solutions across the United States, Canada, and Europe. The company upgrades systems like heating, cooling, and lighting. It also builds and runs renewable energy projects, such as solar, wind, and renewable gas, for governments, utilities, schools, and private companies. It is one of the most undervalued stocks to watch.

On April 16, Jefferies analyst Julian Dumoulin-Smith maintained a Hold rating on Ameresco, Inc. (NYSE:AMRC) and lowered the price target from $13 to $10. Ameresco’s stock has plummeted by over 70% in the last six months, now sitting close to its 52-week low. There are challenges ahead for the company, including a project cancellation, shifting tariffs, and uncertainty around the Inflation Reduction Act (IRA). These issues, combined with unclear prospects in its Energy Assets division, have led Jefferies to revise its revenue forecast for the company down by 1-2% for 2026 and beyond.

Ameresco, Inc. (NYSE:AMRC) announced a partnership with Southwest Wisconsin Technical College on April 23 to complete a $1.6 million solar and battery energy storage project on campus. The new system includes a 300-kilowatt solar array and a 125-kilowatt battery, which will cover about 60% of the electricity needs for one of the college’s busiest buildings. This will help the school save around $30,000 annually on energy costs and provide backup power during outages.

According to Insider Monkey’s Q4 data, 19 hedge funds reported owning stakes in Ameresco, Inc. (NYSE:AMRC), compared to 15 funds in the preceding quarter. Jean-Marie Eveillard’s First Eagle Investment Management was the biggest stakeholder of the company, with 421,136 shares valued at nearly $10 million.