AMRC - Louis Maltezos Backs Up Beliefs With A Notable Acquisition In Ameresco Stock Options | Benzinga
A substantial insider move unfolded on March 11, as Maltezos, Executive Vice President at Ameresco (NYSE:AMRC), reported the acquisition of stock options for 25,000 shares in an SEC filing.
What Happened: Revealed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, Maltezos, Executive Vice President at Ameresco, strategically acquired stock options for 25,000 shares of AMRC. These options empower Maltezos to buy the company's stock at a favorable exercise price of $21.13 per share.
The latest update on Tuesday morning shows Ameresco shares up by 4.64%, trading at $22.31. At this price, Maltezos's 25,000 shares are worth $29,499.
Unveiling the Story Behind Ameresco
Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operations and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.