DNB Asset Management Reduces Stake in Ameresco

Hedge fund sells over 155,000 shares of renewable energy company

Published on Feb. 28, 2026

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DNB Asset Management AS, a Norwegian asset management firm, reduced its stake in Ameresco, Inc. (NYSE:AMRC) by 13% during the third quarter, according to a recent SEC filing. The firm now owns 1,034,594 shares of the utilities provider's stock, worth approximately $34.7 million.

Why it matters

Ameresco is a leading provider of energy efficiency and renewable energy solutions, and the reduction in ownership by a major institutional investor like DNB Asset Management could signal a shift in market sentiment around the company's prospects.

The details

According to the filing, DNB Asset Management sold 155,120 shares of Ameresco during the third quarter, reducing its total position to 1,034,594 shares. The firm now owns approximately 1.97% of Ameresco's outstanding stock. The sale comes as Ameresco's share price has fluctuated in recent months, trading between a 52-week low of $8.49 and a high of $44.93.

  • DNB Asset Management filed the 13F report disclosing the stake reduction on February 28, 2026.
  • The share sale occurred during the third quarter of the previous year.

The players

DNB Asset Management AS

A Norwegian asset management firm that previously held a sizable stake in Ameresco, Inc.

Ameresco, Inc.

A leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets.

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The takeaway

The reduction in ownership by a major institutional investor like DNB Asset Management could be a sign that the market is becoming more cautious about Ameresco's growth prospects, despite the company's strong position in the renewable energy solutions industry.