Ameresco (NYSE:AMRC) Announces Earnings Results

Ameresco (NYSE:AMRC) issued its earnings results on Monday. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.31, FiscalAI reports. The business had revenue of $580.32 million during the quarter, compared to analyst estimates of $572.89 million. Ameresco had a return on equity of 5.13% and a net margin of 2.01%. Ameresco’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS.

Here are the key takeaways from Ameresco’s conference call:

• Q3 revenue rose 10% to $580 million, with growth across projects, energy assets and O&M; gross margin expanded to 18.7% on favorable mix and execution.
• New project awards reached $875 million, and $737 million of awards converted to contracted backlog. Total awarded and contracted backlog grew nearly 40% year over year to almost $7.2 billion, supporting management’s outlook for continued growth.
• Ameresco said demand is strengthening for on-site power and energy-efficiency projects, including data centers, federal customers and commercial and industrial clients. Data-center awarded backlog expanded by about $200 million, though projects still face permitting, contracting and equipment milestones.
• Recurring businesses continued to grow: energy-asset revenue increased 21% to $75 million, while O&M revenue rose 20% to $37 million and O&M backlog exceeded $1.5 billion.
• Reported earnings included a large tax benefit from a planned accounting-policy change, while revised non-GAAP results now consolidate 100% of certain joint ventures. On a basis excluding that full JV consolidation, Q3 non-GAAP EPS was $0.60 and adjusted EBITDA was $78 million, versus reported figures of $0.88 and $92 million.

Ameresco Stock Up 0.8%

Ameresco stock opened at $27.84 on Wednesday. Ameresco has a one year low of $18.09 and a one year high of $37.14. The stock has a fifty day moving average of $21.57 and a 200 day moving average of $26.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.66 and a current ratio of 1.67. The stock has a market cap of $1.48 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.67 and a beta of 2.50.

Ameresco News Roundup

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Ameresco reported Q3 adjusted earnings of $0.88 per share, ahead of estimates around $0.57–$0.59, while revenue of $580.3 million topped expectations of $572.9 million and rose 10.3% year over year. Ameresco Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Ameresco raised its 2026 EPS outlook to $1.85–$1.95, well above the cited consensus of $1.23, and forecast annual revenue of $2.1 billion–$2.2 billion. The earnings outlook is a notable positive for investors. Ameresco Provides and Updates Earnings Guidance
• Positive Sentiment: A record backlog of about $7.15 billion and discussion of growth in recurring revenue and margins offer support for future business visibility. Ameresco Earnings Call Highlights Backlog and Growth
• Neutral Sentiment: Fourth-quarter EPS guidance of $0.95–$1.05 is above the $0.77 consensus, but the revenue range of $625 million–$650 million has a midpoint below the $639.2 million estimate. The company also said five data-center projects could take 12–18 months to convert into contracted backlog, making that potential growth opportunity not yet secured. Ameresco Outlines Data-Center Project Timeline
• Negative Sentiment: Stifel Nicolaus lowered its price target from $38 to $37, a modest reduction in its valuation view, though it maintained a Buy rating. Stifel Nicolaus Stock Recommendations

Analyst Ratings Changes

AMRC has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on shares of Ameresco from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Ameresco from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Ameresco in a research report on Tuesday, November 3rd. UBS Group increased their price objective on shares of Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $40.00 in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.86.

Insider Transactions at Ameresco

In other Ameresco news, Director Brian C. Cox purchased 4,625 shares of Ameresco stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $21.64 per share, with a total value of $100,085.00. Following the transaction, the director directly owned 44,325 shares of the company’s stock, valued at $959,193. This trade represents a 11.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George P. Sakellaris acquired 5,000 shares of the stock in a transaction dated Monday, August 24th. The stock was acquired at an average price of $20.91 per share, for a total transaction of $104,550.00. Following the purchase, the chief executive officer directly owned 1,000,597 shares in the company, valued at approximately $20,922,483.27. This trade represents a 0.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 29,325 shares of company stock valued at $628,664. Company insiders own 45.10% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc. is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses. The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.