Ameresco Announces A New Contract For A Battery Energy Storage System Asset With Snohomish County Public Utility District; No Financial Terms Disclosed

7/8/24 8:17:20 AM ET

Engineering & Construction

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25-megawatt battery energy storage system to enhance utility's system reliability as the largest standalone battery installation to date in the Pacific Northwest

Ameresco, 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).

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Recent Analyst Ratings for
$AMRC

Date	Price Target	Rating	Analyst
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

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Market Insights

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Ameresco Sunel Energy SA Begins Construction On Lightsource bp's 560 MWp ENIPEAS Solar Project In Greece
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.
7/25/24 8:17:36 AM ET
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Engineering & Construction
Consumer Discretionary
Key Takeaways From Ameresco Analyst Ratings
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
7/22/24 10:00:35 AM ET
$AMRC
Engineering & Construction
Consumer Discretionary
Piper Sandler Maintains Overweight on Ameresco, Raises Price Target to $37
Piper Sandler analyst Kashy Harrison maintains Ameresco (NYSE:AMRC) with a Overweight and raises the price target from $30 to $37.
7/22/24 7:19:10 AM ET
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Financials

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Ameresco Reports Third Quarter 2024 Financial Results
Total Revenue Growth of 49% Led by 59% Increase in Project Revenue Total Project Backlog up 22% Y/Y to $4.5 billion; Contracted Backlog up 56% Y/Y Record 209 MWe Energy Assets Placed into Operation YTD Exceeding FY Guidance New Contracts Drive $180 million Y/Y Increase in O&M Backlog Reaffirming 2024 Guidance Third Quarter 2024 Financial Highlights: Revenues of $500.9 million Net income attributable to common shareholders of $17.6 million GAAP EPS of $0.33 Non-GAAP EPS of $0.32 Adjusted EBITDA of $62.2 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal qu
11/7/24 4:05:00 PM ET
$AMRC
Engineering & Construction
Consumer Discretionary
Ameresco to Announce Third Quarter 2024 Financial Results on November 7, 2024
Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its third quarter 2024 financial results after the close of the market on Thursday, November 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 "
10/9/24 4:05:00 PM ET
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Ameresco Reports Second Quarter 2024 Financial Results
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
8/5/24 4:05:00 PM ET
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Leadership Updates

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Ameresco, Republic Services and PG&E Celebrate the Opening of California's Largest Landfill Gas to Renewable Natural Gas Plant
This First-of-its-kind 11.7Mwe Energy Asset plant in the U.S. will be powered by co-located LFG-to-Electric Plant Facility is designed to reduce 62,000 metric tons of carbon emissions annually while increasing energy resiliency and supporting California's renewable energy and decarbonization goals Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, Republic Services, Inc. (NYSE:RSG) and Pacific Gas and Electric Company (PG&E) (NYSE:PCG), today celebrated the ribbon cutting for California's largest and most resilient landfill gas (LFG) to renewable natural gas (RNG) plant, located at the Keller Canyon Landfill in Pittsburg, CA
10/2/24 4:30:00 PM ET
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Power Generation
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Ameresco Announces Appointment of Charles R. Patton to Board of Directors
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
4/24/23 4:05:00 PM ET
$AEP
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Electric Utilities: Central
Utilities
Engineering & Construction
Consumer Discretionary
Ameresco Appoints Lenka Patten as Senior Vice President and Chief Human Resources Officer
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
11/14/22 11:35:00 AM ET
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Ameresco Collaborates with UCI Health to Power the Nation's First All-Electric, Zero-Emission Hospital Campus
Solar PV Arrays to Power All-Electric Medical Campus, Setting a Benchmark for Sustainability in the Healthcare Industry Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its collaboration with the University of California, Irvine and its health system, UCI Health, to install two solar photovoltaic (PV) arrays atop new parking structures at the innovative, all-electric, zero-emission medical campus with the acute care hospital set to open in 2025. This initiative represents a major step towards UCI Health's goal of achieving carbon neutrality and procuring 100% clean energy, making the new UCI Health – Irvine
11/14/24 8:05:00 AM ET
$AMRC
Engineering & Construction
Consumer Discretionary
Ameresco Reports Third Quarter 2024 Financial Results
Total Revenue Growth of 49% Led by 59% Increase in Project Revenue Total Project Backlog up 22% Y/Y to $4.5 billion; Contracted Backlog up 56% Y/Y Record 209 MWe Energy Assets Placed into Operation YTD Exceeding FY Guidance New Contracts Drive $180 million Y/Y Increase in O&M Backlog Reaffirming 2024 Guidance Third Quarter 2024 Financial Highlights: Revenues of $500.9 million Net income attributable to common shareholders of $17.6 million GAAP EPS of $0.33 Non-GAAP EPS of $0.32 Adjusted EBITDA of $62.2 million Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal qu
11/7/24 4:05:00 PM ET
$AMRC
Engineering & Construction
Consumer Discretionary
Roseburg Urban Sanitary Authority (RUSA) Partners with Ameresco to Drive Renewable Energy Innovation and Resilience in Wastewater Management
This Energy Savings Performance Contract sets a new standard for renewable energy adoption in public utilities, enhancing infrastructure resilience, reducing costs, and fostering community engagement Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its collaboration with the Roseburg Urban Sanitary Authority (RUSA) to implement a transformative energy program. This collaboration aims to enhance the resilience, sustainability, and cost-effectiveness of RUSA's key facilities, including its main office, Wastewater Treatment Plant (WWTP), and Natural Treatment System (NTS). This press release features multimedia
10/25/24 8:05:00 AM ET
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Engineering & Construction
Consumer Discretionary

Ameresco Announces A New Contract For A Battery Energy Storage System Asset With Snohomish County Public Utility District; No Financial Terms Disclosed

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Recent Analyst Ratings for $AMRC

$AMRC Analyst Ratings

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Jefferies initiated coverage on Ameresco with a new price target

Ameresco upgraded by Exane BNP Paribas with a new price target

Ameresco downgraded by Guggenheim

$AMRC Market Insights

Live Market Insights

Ameresco Sunel Energy SA Begins Construction On Lightsource bp's 560 MWp ENIPEAS Solar Project In Greece

Key Takeaways From Ameresco Analyst Ratings

Piper Sandler Maintains Overweight on Ameresco, Raises Price Target to $37

$AMRC Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Sutton Joseph W. bought $393,300 worth of shares (15,000 units at $26.22), increasing direct ownership by 40% to 35,225 units (SEC Form 4)

President and CEO Sakellaris George P bought $663,500 worth of shares (25,000 units at $26.54), increasing direct ownership by 3% to 853,638 units (SEC Form 4)

Sakellaris George P bought $287,622 worth of shares (10,000 units at $28.76) (SEC Form 4)

$AMRC Insider Trading

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Director Sutton Joseph W. bought $393,300 worth of shares (15,000 units at $26.22), increasing direct ownership by 40% to 35,225 units (SEC Form 4)

SEC Form 4 filed by President-Central&West USA Can Maltezos Louis P

SEC Form 4 filed by President - Federal & Utility Bulgarino Nicole E

$AMRC Financials

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Ameresco Reports Third Quarter 2024 Financial Results

Ameresco to Announce Third Quarter 2024 Financial Results on November 7, 2024

Ameresco Reports Second Quarter 2024 Financial Results

$AMRC Leadership Updates

Live Leadership Updates

Ameresco, Republic Services and PG&E Celebrate the Opening of California's Largest Landfill Gas to Renewable Natural Gas Plant

Ameresco Announces Appointment of Charles R. Patton to Board of Directors

Ameresco Appoints Lenka Patten as Senior Vice President and Chief Human Resources Officer

$AMRC Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Ameresco Inc.

SEC Form SC 13G filed by Ameresco Inc.

SEC Form SC 13G/A filed by Ameresco Inc. (Amendment)

$AMRC Press Releases

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Ameresco Collaborates with UCI Health to Power the Nation's First All-Electric, Zero-Emission Hospital Campus

Ameresco Reports Third Quarter 2024 Financial Results

Roseburg Urban Sanitary Authority (RUSA) Partners with Ameresco to Drive Renewable Energy Innovation and Resilience in Wastewater Management

$AMRC SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by Ameresco Inc.

SEC Form 10-Q filed by Ameresco Inc.

Ameresco Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Recent Analyst Ratings for
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Market Insights

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Leadership Updates

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