AMRC - Daily - Upwards MomentumFounded in 2000 and now boasting 1,500 employees, this company has a $1.31 billion market capitalization, suggesting significant institutional belief in its agenda and values, though its performance may be sensitive to the current U.S. administration. While the company has consistent annual revenue growth, its free cash flow is consistently negative, leading to an increase in debt, a common trait among many highly valued companies. Following strong Q2 earnings, there is a potential for an upward price movement; however, bulls must first break and hold above the $28.73 level to reach the $40 range, with the upcoming holiday season and "Santa rally" possibly driving further bullish action.
Not financial advice, always do your due diligence
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4AM trade ideas
AMRC to go higher?* Great earnings year over year
* Very strong up trend
* Breaking out of a year-to-date consolidation with 40.98% more volume than average
* This trade as a chance of giving an ROI of 86.26% if it plays out in our favor.
Trade Idea:
* Now is the best time to jump into this as it's very close to the breakout point and it's picking up volume as well.