The Relative Strength (RS) Rating for Ameresco stock climbed into a new percentile Tuesday, as it got a lift from 65 to 75.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Ameresco stock can continue to show renewed price strength and hit that benchmark.
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Is Ameresco Stock A Buy?
Ameresco stock is now considered extended and out of buy range after clearing a 34.65 buy point in a first-stage cup-shaped base. See if the energy stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While earnings-per-share growth fell in the company's most recent quarterly report from 0% to -33%, sales grew 34%, up from 10% in the prior report.
Ameresco stock holds the No. 10 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, Clearway Energy Cl C and GE Vernova are among the top 5 highly rated stocks within the group.
