AMRC earnings call for the period ending December 31, 2019.
News & Analysis: Ameresco
The company beat analyst earnings estimates, which is one reason the energy-efficiency services leader energized investor enthusiasm.
Investing in those re-occurring cash flow streams is starting to pay off.
Fully two days after reporting relatively solid financial results, shares of the energy efficiency services provider fell sharply on no news.
The energy efficiency company not only reported a profitable quarter, it also reaffirmed its guidance for the full year and announced a strong backlog of awards and contracts.
It doesn't take much to move Ameresco's stock by double digits. Today was just another example of that.
The energy-efficiency expert reported worse-than-expected earnings, and that's probably the big reason today's drop happened.
Doesn't look like anything more than pre-earnings speculative trading.
No "real" news, today, Fools. Sometimes thinly traded, small-cap stocks move a lot. That seems to be the case with Ameresco on Feb. 17.