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 |
|---|---|---|---|
| 4/15/2025 | $13.00 | Outperform → Neutral | Robert W. Baird |
| 3/4/2025 | $37.00 → $8.00 | Buy → Sell | UBS |
| 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 |
Total Revenue and Adj. EBITDA Growth of 18% and 32%, Respectively Total Project Backlog and Contracted Backlog up 22% and 78% Y/Y, Respectively Total Revenue Visibility of Nearly $10 billion Reiterates 2025 Revenue and Adjusted EBITDA Guidance First Quarter 2025 Financial Highlights: Revenues of $352.8 million Net loss attributable to common shareholders of $5.5 million GAAP EPS of ($0.10) Non-GAAP EPS of ($0.11) Adjusted EBITDA of $40.6 million Ameresco, Inc. (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced financial results for the fiscal quarter ended March 31, 2025. The Company also furnished
The $1.6M Design-Build Project Enhances Campus Resiliency and Sustainability while Delivering Cost Savings and Enhanced Efficiency Ameresco, Inc. (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced the successful completion of a groundbreaking solar array and battery storage project at Southwest Wisconsin Technical College, the winner of the 2025 Aspen Prize for Community College Excellence. This marks the first such project in the college's history and represents a significant step forward in the institution's commitment to sustainability and energy efficiency. This press release features multimedia. View the full
Ameresco's 2024 Impact Report showcases stories of impact across energy industry careers, employee and community engagement, environmental stewardship, and more Since 2000, Ameresco has delivered over $16 billion in solutions dedicated to reducing energy consumption, enhancing resilience and developing pathways to decarbonization Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced the release of its 2024 Impact Report, marking a milestone in the company's journey as it celebrates its 25th anniversary. Centered on the theme of "Doing Well by Doing Good: Showing the Way," this report highlights Amere
The celebration marked a major $20M school project by Ameresco to improve energy efficiency and resiliency in Indianapolis Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, and Matchbook Learning Schools of Indiana, Inc. hosted a ribbon-cutting ceremony for The Match High School and Career Center on Thursday, April 3, 2025. The ceremony celebrated a key milestone in the more than $20M project. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422335348/en/Ameresco and Matchbook Learning celebrated the grand opening on Thursday, April 3, 2025, highlight
€303.4 Million EPC Solar Projects to Enhance Romania's Renewable Energy Initiatives and Reduce Carbon Emissions Ameresco SUNEL Energy SA, a joint venture between Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, and SUNEL Group, an international solar PV EPC contractor, today announced €303.4 million EPC Contracts for three solar parks located in the southwestern region of Romania. These 466 MWp solar projects represent a major milestone in Romania's journey towards enhancing its energy security, fostering economic growth, and meeting its climate commitments. It will replace coal-fired power generation and bolste
New energy system expected to save the college approximately $30,000 annually and provide critical energy resilience to Building 400, one of the most populated buildings on campus WHAT: Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, and Southwest Wisconsin Technical College invite media to attend a ribbon-cutting ceremony celebrating the completion of a new solar array and battery energy storage system (BESS) on campus. The $1.6 million project includes a 300-kilowatt solar array, and a 125-kilowatt BESS designed to offset approximately 60% of the electricity used in Building 400—one of the most active facili
Project will Deliver Extensive Infrastructure Upgrades across Campus to Ensure Safe and Comfortable Learning Environments while Promoting Sustainability Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced securing an $11 million design-build contract with Reed College. This contract, which involves the comprehensive mechanical, electrical, and seismic upgrade of the college's boiler plant, marks another significant milestone in the long-standing relationship between Ameresco and Reed College and a step in the master plan to fully decarbonize the campus. This press release features multimedia. View t
Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that it will release its first quarter 2025 financial results after the close of the market on Monday, May 5, 2025. 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
$7M Project will Reduce Airport Energy Costs while Enhancing Traveler Experience with Solar-Powered Covered Parking and Terminal Lighting Upgrades Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced the successful completion of Killeen Regional Airport's solar-integrated covered parking project. The project aims to significantly enhance the traveler experience by offering covered parking in short-term parking and rental lots, along with an LED retrofit throughout the airport. This initiative not only showcases a strong commitment to sustainability but also provides substantial economic benefits by r
Judges recognized both ventures, an inventive solar PV solution and a virtual power plant, as outstanding examples of excellence in the energy sector providing companies with energy and economic benefits Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that they have been honored in the prestigious Environment+Energy Leader Product & Project Awards. Ameresco's collaboration with CPower to develop a virtual power plant at United States Army Futures Command Fort Detrick has been recognized as a Top Software Implementation Project of the Year, and their London Stadium solar photovoltaic solution has
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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
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
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Total Revenue and Adj. EBITDA Growth of 18% and 32%, Respectively Total Project Backlog and Contracted Backlog up 22% and 78% Y/Y, Respectively Total Revenue Visibility of Nearly $10 billion Reiterates 2025 Revenue and Adjusted EBITDA Guidance First Quarter 2025 Financial Highlights: Revenues of $352.8 million Net loss attributable to common shareholders of $5.5 million GAAP EPS of ($0.10) Non-GAAP EPS of ($0.11) Adjusted EBITDA of $40.6 million Ameresco, Inc. (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced financial results for the fiscal quarter ended March 31, 2025. The Company also furnished
Ameresco, Inc., (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced that it will release its first quarter 2025 financial results after the close of the market on Monday, May 5, 2025. 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
FY24 Total Revenue Growth of 29% Total Project Backlog up 24% Y/Y to $4.8 billion Record Q4 Contract Conversions of $1.1 billion Drives Y/Y Contracted Backlog up 92% Record 241 MWe Energy Assets Placed in Operation During 2024 Full Year and Fourth Quarter 2024 Financial Highlights: Revenues of $1,769.9 million and $532.7 million Net income attributable to common shareholders of $56.8 million and $37.1 million GAAP EPS of $1.07 and $0.70 Non-GAAP EPS of $1.20 and $0.88 Adjusted EBITDA of $225.3 million and $87.2 million Ameresco, Inc. (NYSE:AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced finan
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 2024 financial results after the close of the market on Thursday, February 27, 2025. 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 b
Accretive Transaction of Leading Energy Technology Provider Expands ICF's Utility and State & Local Government CapabilitiesDivestiture Allows Ameresco to Focus on Core Projects, Asset and O&M Businesses RESTON, Va. and FRAMINGHAM, Mass., Jan. 7, 2025 /PRNewswire/ -- ICF (NASDAQ:ICFI), a global consulting and technology services provider, today announced it has acquired Applied Energy Group (AEG), a leading energy technology and advisory services company with over 100 utility management and demand-side energy experts from Ameresco (NYSE:AMRC). AEG provides a suite of integrated technology and advisory solutions to a growing set of electric and gas utilities, state and local governments, and s
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
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 "
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
Robert W. Baird downgraded Ameresco from Outperform to Neutral and set a new price target of $13.00
UBS downgraded Ameresco from Buy to Sell and set a new price target of $8.00 from $37.00 previously
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