Ameresco (NYSE:AMRC) Releases Earnings Results, Meets Estimates

Ameresco (NYSE:AMRC) released its quarterly earnings data on Monday. The utilities provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20, FiscalAI reports. The company had revenue of $515.46 million for the quarter, compared to the consensus estimate of $465.18 million. Ameresco had a return on equity of 2.97% and a net margin of 1.40%.Ameresco’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Ameresco updated its FY 2026 guidance to 1.150-1.350 EPS.

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

• Record awards and backlog: Ameresco added $1.8 billion of awards in Q2, including $1.2 billion tied to data centers, lifting awarded backlog 65% to $4.4 billion and total project backlog 32% to $6.7 billion.
• Data-center expansion: Three new projects brought the company’s total to five data-center projects, representing more than 1 gigawatt of planned generation across Texas, Arizona, and other markets. Management said the broader pipeline could eventually exceed the currently awarded $1.2 billion, with potential recurring O&M revenue after construction.
• Strong financial performance and raised EPS outlook: Q2 revenue increased 9% to $515 million, adjusted EBITDA rose 12% to $62.8 million, and gross margin improved to 17.7%. Ameresco reaffirmed its 2026 outlook while raising non-GAAP EPS guidance to $1.15–$1.35, partly due to an anticipated tax benefit from a new transferable-tax-credit accounting policy.
• Cash conversion and execution risks: Cash from operations was pressured as project work preceded contractual billing milestones, making working-capital improvement a key second-half priority. Management also cautioned that data-center awards generally require 6–24 months to become contracted and may not materially affect results until 2028–2030, with permitting, procurement, financing, and construction risks remaining.

Ameresco Trading Down 4.2%

AMRC stock traded down $1.18 during trading on Wednesday, hitting $26.76. The company had a trading volume of 62,689 shares, compared to its average volume of 572,091. The stock has a market cap of $1.42 billion, a PE ratio of 46.14, a PEG ratio of 1.84 and a beta of 2.62. The business has a 50-day moving average of $26.70 and a 200-day moving average of $28.34. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 1.64. Ameresco has a one year low of $18.38 and a one year high of $44.93.

Analyst Upgrades and Downgrades

AMRC has been the subject of several research reports. Robert W. Baird dropped their target price on Ameresco from $44.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Ameresco in a research note on Tuesday. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research report on Tuesday. BNP Paribas Exane raised shares of Ameresco from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $40.00 in a report on Tuesday. Finally, Zacks Research upgraded shares of Ameresco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 3rd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and an average price target of $42.89.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.27, for a total value of $322,700.00. Following the transaction, the director owned 22,111 shares in the company, valued at approximately $713,521.97. The trade was a 31.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Francis V. Wisneski, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director directly owned 25,232 shares in the company, valued at approximately $764,277.28. This represents a 28.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 26,355 shares of company stock worth $852,270. 45.10% of the stock is currently owned by insiders.

Institutional Trading of Ameresco

Large investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in shares of Ameresco by 70.6% in the 4th quarter. Empowered Funds LLC now owns 207,932 shares of the utilities provider’s stock valued at $6,090,000 after purchasing an additional 86,047 shares during the period. XTX Topco Ltd bought a new stake in shares of Ameresco during the 4th quarter valued at about $824,000. Tudor Investment Corp ET AL grew its stake in Ameresco by 214.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 222,120 shares of the utilities provider’s stock worth $6,506,000 after purchasing an additional 151,520 shares during the period. Summit Securities Group LLC bought a new stake in Ameresco in the fourth quarter worth approximately $55,000. Finally, Millennium Management LLC increased its holdings in Ameresco by 164.0% in the fourth quarter. Millennium Management LLC now owns 136,089 shares of the utilities provider’s stock worth $3,986,000 after purchasing an additional 84,542 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.