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Under $10 Stock Could Make a Double-Digit Run

Ameresco broke from a cup-and-handle formation on high volume


Ameresco (AMRC) — This company provides energy efficiency solutions to companies in the U.S., Canada and Europe. Its services include the development, design, engineering and installation of projects that reduce energy and operations and maintenance costs in buildings systems, such as heating, ventilation, air conditioning and lighting. What sets Ameresco apart is that its contracts guarantee that the services will save the customers money.

Consensus earnings are $0.38 in 2013 and $0.55 in 2014. Insiders have been buying the stock.

This small-cap stock broke from a cup-and-handle formation in mid-September, running from $9.50 to $10.35. High volume accompanied the breakout, and the current pullback appears to be profit-taking.

Buy AMRC under $9.50 with a trading target of $11. Investors could do much better by holding AMRC long term.

AMRC Chart
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Article printed from InvestorPlace Media,

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