Ameresco, Inc. provides comprehensive energy services for businesses and organizations in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance costs of customers' facilities. The company's projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. It also offers renewable energy products and services, such as the construction of small-scale plants for customers that produce electricity, gas, heat, or cooling from renewable sources of energy; and sells electricity and processed renewable gas fuel, heat, or cooling. In addition, the company provides integrated- photovoltaic (PV) and consulting, and enterprise energy management services; sells solar PV energy products and systems; and owns and operates a wind power project located in Ireland. It serves federal, state, and local governments, as well as healthcare and educational institutions, airports, public housing authorities and public universities, and commercial and industrial customers. As of December 31, 2020, the company owned and operated 130 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.
IPO Year: 2010
Exchange: NYSE
Website: ameresco.com
Date | Price Target | Rating | Analyst |
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9/4/2024 | $33.00 | Hold | Jefferies |
3/12/2024 | $34.00 | Neutral → Outperform | Exane BNP Paribas |
2/29/2024 | Buy → Neutral | Guggenheim | |
12/15/2023 | $29.00 → $37.00 | Buy → Neutral | BofA Securities |
11/7/2023 | Outperform → Perform | Oppenheimer | |
11/7/2023 | Outperform → Mkt Perform | William Blair | |
10/25/2023 | $44.00 | Neutral → Buy | ROTH MKM |
10/20/2023 | $43.00 | Neutral | Exane BNP Paribas |
5/2/2023 | $60.00 | Buy | UBS |
3/10/2023 | $57.00 → $64.00 | Neutral → Overweight | Piper Sandler |
A $1.8 Million Innovative Solar PV Canopy Project at Pendleton's Wastewater Facility Advances City's Net-Zero Energy Goals Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and the City of Pendleton in Oregon today proudly commemorated a significant milestone in the city's journey toward sustainability and energy resilience. The event, held at the Pendleton Wastewater Treatment and Resource Recovery Facility (WWTRRF), celebrated the groundbreaking of a state-of-the-art 240 kW solar photovoltaic (PV) canopy system, marking another step toward achieving the city's ambitious goal of bringing the facility closer to net-zero. T
This project marks the first Greek solar project to utilize a private power purchase agreement without relying on Greek government subsidies for electricity costs Ameresco Sunel Energy SA has today announced that Delfini, 100 MWp solar photovoltaic (PV) project in Greece, has reached commercial operation. Ameresco Sunel Energy SA, a joint venture company established in Greece between Sunel Group and Ameresco, Inc., was selected by Cero Generation, a leading European solar energy developer, to manage the Engineering, Procurement and Construction (EPC) of the solar project. The Delfini project is underpinned by a long-term private power purchase agreement (PPA) with Axpo Solutions AG, mak
Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has reached an agreement with Southern California Edison Company (SCE) on the substantial completion of two out of three battery energy storage system projects. SCE will pay approximately $110 million within seven days for the milestone completion, reflecting a set-off of liquidated damages which are still in dispute and additional work costs. Final acceptance payments will follow upon project completion. The third project is expected to reach substantial completion in Q4 2024. To learn more about the energy efficiency and renewable energy solutions o
Facility is designed to reduce over 953 million pounds of carbon dioxide emissions per year otherwise produced by landfill gas Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has been selected by Wasatch Integrated Waste Management District (WIWMD) to design, build, own, and operate a landfill gas to renewable natural gas (RNG) plant at the Davis Landfill in Layton, UT. This project would be Ameresco's second landfill gas beneficial use arrangement with the district and represents both organizations' continued commitment to sustainable waste management solutions for the past twenty years. This press re
New Solar PV Installation designed to Generate Over 67 Million kWh in 20 Years and Enhance Energy Sustainability in Somersworth Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and the City of Somersworth, today celebrated the groundbreaking of a major solar photovoltaic (PV) installation at the Somersworth Landfill. With attendance from the U.S. Environmental Protection Agency (EPA), the landmark event marked the commencement of the project, which will significantly boost the community's sustainability efforts and repurpose City-owned land for renewable energy generation. This press release features multimedia. View the
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that, on August 13, 2024, President and Chief Executive Officer, George Sakellaris, and Senior Vice President, Finance and Corporate Treasury, Joshua Baribeau, will present at the Canaccord Genuity 44th Annual Growth Conference at 9am ET. This event will take place at the InterContinental Hotel in Boston, MA. Ameresco's management team will also host investor meetings throughout the day. About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive
Strong Revenue Growth Led by 45% Increase in Project Revenue Total Project Backlog Increased 36% Y/Y to a Record $4.4 billion; Contracted Backlog up 51% Record 155 MWe Energy Assets Placed into Operation During the Quarter Adjusting 2024 Guidance Second Quarter 2024 Financial Highlights: Revenues of $438.0 million Net income attributable to common shareholders of $5.0 million GAAP EPS of $0.09 Non-GAAP EPS of $0.10 Adjusted EBITDA of $45.1 million, reflecting the impact of SoCal Ed cost budget revisions of $6.6 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results
Ameresco celebrates the completion of construction of the largest wholly owned BESS asset portfolio in its history Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the successful completion of construction of multiple Battery Energy Storage Systems (BESS) in collaboration with United Power, Inc., an electric cooperative serving Colorado's northern Front Range. These battery energy storage systems underscore significant advancements in utility infrastructure, enhancing both resiliency and energy security as the industry shifts toward a more sustainable future. Together they also represent the largest wholly
Today Ameresco Sunel Energy SA announced its role in the construction of Lightsource bp's 560 MWp Enipeas solar project in Greece. This flagship project, one of the largest solar sites in Europe, underscores Greece's commitment to sustainable energy and economic resilience. Ameresco Sunel Energy SA is a joint venture between Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Sunel Group, an international leading solar PV EPC contractor. The joint venture has successfully secured a contract to construct the Enipeas project for Lightsource bp, marking a notable advancement in Greece's solar energy sector. This press release
A total of 78.3 MW, 313.34 MWh BESS will enable United Power to optimize their energy resources, enhance their grid resilience, and ensure a reliable electricity supply for their members. Ameresco, Inc. (NYSE:AMRC) This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718295386/en/ WHAT: Ameresco, Inc., a leading cleantech integrator specializing in energy efficiency and renewable energy, and United Power, a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms, and businesses throughout Colorado's northern Front Range, are hosting a ribbon cutting ceremony on Monday, July 29, for the newly comp
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4 - Ameresco, Inc. (0001488139) (Issuer)
4 - Ameresco, Inc. (0001488139) (Issuer)
4 - Ameresco, Inc. (0001488139) (Issuer)
4 - Ameresco, Inc. (0001488139) (Issuer)
4 - Ameresco, Inc. (0001488139) (Issuer)
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Jefferies initiated coverage of Ameresco with a rating of Hold and set a new price target of $33.00
Exane BNP Paribas upgraded Ameresco from Neutral to Outperform and set a new price target of $34.00
Guggenheim downgraded Ameresco from Buy to Neutral
BofA Securities downgraded Ameresco from Buy to Neutral and set a new price target of $37.00 from $29.00 previously
Oppenheimer downgraded Ameresco from Outperform to Perform
William Blair downgraded Ameresco from Outperform to Mkt Perform
ROTH MKM upgraded Ameresco from Neutral to Buy and set a new price target of $44.00
Exane BNP Paribas initiated coverage of Ameresco with a rating of Neutral and set a new price target of $43.00
UBS initiated coverage of Ameresco with a rating of Buy and set a new price target of $60.00
Piper Sandler upgraded Ameresco from Neutral to Overweight and set a new price target of $64.00 from $57.00 previously
Strong Revenue Growth Led by 45% Increase in Project Revenue Total Project Backlog Increased 36% Y/Y to a Record $4.4 billion; Contracted Backlog up 51% Record 155 MWe Energy Assets Placed into Operation During the Quarter Adjusting 2024 Guidance Second Quarter 2024 Financial Highlights: Revenues of $438.0 million Net income attributable to common shareholders of $5.0 million GAAP EPS of $0.09 Non-GAAP EPS of $0.10 Adjusted EBITDA of $45.1 million, reflecting the impact of SoCal Ed cost budget revisions of $6.6 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its second quarter 2024 financial results after the close of the market on Monday, August 5, 2024. The earnings press release will be available on the "Investor Relations" section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the "In
Solid Execution with Growth Across All Business Lines 45% Y/Y Growth in Contracted Backlog Over 750 MWe Ameresco Owned Energy Assets in Development Reaffirms 2024 Guidance First Quarter 2024 Financial Highlights: Revenues of $298.4 million Net loss attributable to common shareholders of $2.9 million GAAP EPS of ($0.06) Non-GAAP EPS of ($0.10) Adjusted EBITDA of $30.8 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal quarter ended March 31, 2024. The Company also furnished supplemental information in conjunction with this press release in a Curre
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its first quarter 2024 financial results after the close of the market on Tuesday, May 7, 2024. The earnings press release will be available on the "Investor Relations" section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the "Inves
Awarded Project Backlog Conversion Drives Significant Q4 Revenue and Profit Growth Record Total Project Backlog of nearly $4B, with $520M in New Awards in Q4 717 MWe of Assets in Development, with 63 MWe Placed into Operation in the Quarter Guiding to 38% Adj. EBITDA Growth at the Midpoint for 2024 Full Year and Fourth Quarter 2023 Financial Highlights: Revenues of $1,374.6 million and $441.4 million Net income attributable to common shareholders of $62.5 million and $33.7 million GAAP EPS of $1.17 and $0.64 Non-GAAP EPS of $1.26 and $0.69 Adjusted EBITDA of $163.0 million and $54.9 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its fourth quarter and full year 2023 financial results after the close of the market on Wednesday, February 28, 2024. The earnings press release will be available on the "Investor Relations" section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will
Record Total Project Backlog Increased 14% Sequentially, with $708M in New Awards Q3 Results Affected by Project Delays and Asset Downtime Secured Over $500 Million in Financing Commitments Resetting Guidance to Reflect Continued Industry Headwinds Third Quarter 2023 Financial Highlights: Revenues of $335.1 million Net income attributable to common shareholders of $21.3 million GAAP EPS of $0.40 Non-GAAP EPS of $0.40 Adjusted EBITDA of $43.3 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal quarter ended September 30, 2023. The Company also furn
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its third quarter 2023 financial results after the close of the market on Monday, November 6, 2023. The earnings press release will be available on the "Investor Relations" section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the "I
Record Total Project Backlog Increased 9% Sequentially, with $493M in New Awards Added a Record 113 MWe of Energy Assets into Development Significant Battery Energy Storage Project Wins and Asset Activity EPA Action Supports Positive Multiyear RNG Revenue Outlook Reaffirms 2023 Guidance Second Quarter 2023 Financial Highlights: Revenues of $327.1 million Net income attributable to common shareholders of $6.4 million GAAP EPS of $0.12 Non-GAAP EPS of $0.15 Adjusted EBITDA of $37.4 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal quarter ended June 30,
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its second quarter 2023 financial results after the close of the market on Monday, July 31, 2023. The earnings press release will be available on the "Investor Relations" section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the "Inv
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Today Ameresco Sunel Energy SA announced its role in the construction of Lightsource bp's 560 MWp Enipeas solar project in Greece. This flagship project, one of the largest solar sites in Europe, underscores Greece's commitment to sustainable energy and economic resilience. Ameresco Sunel Energy SA is a joint venture between Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Sunel Group, an international leading solar PV EPC contractor. The joint venture has successfully secured a contract to construct the Enipeas project for Lightsource bp, marking a notable advancement in Greece's solar energy sector.
Analysts' ratings for Ameresco (NYSE:AMRC) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $35.0, a high estimate of $39.00, and a low estimate of $32.00. Marking an increase of 8.53%, the current average surpasses the previ
Piper Sandler analyst Kashy Harrison maintains Ameresco (NYSE:AMRC) with a Overweight and raises the price target from $30 to $37.
25-megawatt battery energy storage system to enhance utility's system reliability as the largest standalone battery installation to date in the Pacific NorthwestAmeresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has signed a contract with Snohomish County Public Utility District (PUD) to construct a battery energy storage system (BESS) with a 20-year guaranteed capacity of 25 megawatts (MW) and 100 megawatt-hours (MWh).
Upon completion the ESPC project is expected to achieve approximately $2 million in annual savings, a 72% fossil fuel reduction, 48% utility water use reduction, and 28% electricity reduction.Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that construction is underway for a $33 million Energy Savings Performance Contract (ESPC) at the U.S. National Archives and Records Administration (NARA) sites in College Park, Maryland, and Washington, DC. The project is designed to enhance energy efficiency across NARA's facilities, leveraging Ameresco's innovative solutions to achieve significant cost savings and enviro
Press Release
City of Henderson Partners with Ameresco for Streetlight Conversion Design-Build Project
Ameresco (NYSE:AMRC) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 4 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 1 0 0 0 2M Ago 0 2 0 0 0 3M Ago 1 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Ameresco, presenting an average target of $34.12, a high estimate of $39.00, and a low estimate of $30.00. This current average represents a
UBS analyst William Grippin maintains Ameresco (NYSE:AMRC) with a Buy and raises the price target from $36 to $39.
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New board appointment expands cleantech integrator's expertise in providing utility and corporate sustainability solutions Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the appointment of Charles R. Patton to its Board of Directors. Patton brings with him more than three decades of leading corporate sustainability initiatives, overseeing public policy and affairs, and enhancing business operations for a number of organizations across the industry. Patton served as the Executive Vice President, External Affairs of American Electric Power Company, Inc. (NASDAQ:AEP), one of the largest electric utility or
Patten comes to Ameresco with a 20-year track record of implementing integrated human resource strategies Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has appointed Lenka Patten as its new Senior Vice President and Chief Human Resources Officer. With 20 years of forward-thinking human capital experience, Patten comes to Ameresco with a proven track record of implementing integrated human resource strategies that put people first and support the overall mission and vision of organizations. In her new role, Patten will serve as a strategic member of the Ameresco executive management team, leading
WOODCLIFF LAKE, N.J., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ:HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation's largest refrigerant reclaimers – today announced the appointment of Nicole Bulgarino and Loan Mansy to the Company's Board of Directors. Ms. Bulgarino and Ms. Mansy will fill vacancies resulting from the concurrent resignation of Otto C. Morch and the prior passing of Dominic J. Monetta. Nicole Bulgarino is an Executive Vice President and corporate officer for Ameresco (NYSE:AMRC) a leading energy efficiency and e
New Board Appointment Expands Technology Expertise for Leading Cleantech Integrator focusing on Energy Efficiency and Renewable Energy Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the appointment of Claire Hughes Johnson to its Board of Directors. Johnson brings with her more than two decades of experience directing product innovation, go to market and operational strategy for a range of technology industry leaders. Johnson is currently on the executive team at global technology company Stripe. Over the last six years, she's helped Stripe grow from under 200 employees to more than 4000 globally. Along t