Ameresco had its Relative Strength (RS) Rating upgraded from 68 to 75 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
Can You Really Time The Stock Market?
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves. See if Ameresco can continue to rebound and clear that threshold.
While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper base.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at 18%. Look for the next report on or around Aug. 4.
Ameresco earns the No. 18 rank among its peers in the Energy-Alternative/Other industry group. Bloom Energy, Enlight Renewable Energy and Centrus Energy are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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