Ameresco

Ameresco, Inc. engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other. The U.S. Regions, U.S. Federal, and Canada segments offer energy efficiency products and services, such as design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, and renewable energy solutions and services. The Non-Solar DG sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other than solar, and generated by small-scale plants, and operations and maintenance services for customer owned small-scale plants. The All Other segment focuses on the provision of enterprise energy management services, consulting services, and integrated-photovoltaic. The company was founded by George Peter Sakellaris on April 25, 2000 and is headquartered in Framingham, MA.

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Ameresco reports record revenue and profits, eyes growth opportunities

Ameresco's strong financial performance in Q4 2022 and record revenue growth demonstrate the company's resilience and growth potential in the clean tech sector.
Despite operational challenges and delays, Ameresco's strategic acquisitions and market presence in Europe position the company for continued growth and value creation.
Investors can look forward to Ameresco's anticipated growth in adjusted EBITDA, driven by a robust business model and strategic initiatives aimed at expanding market reach and enhancing service offerings.

Ameresco reports robust Q1 performance, eyes European expansion for growth

Ameresco's Q1 performance was strong, with revenue exceeding guidance and a focus on expanding into the European market.
Despite supply chain challenges, the company sees opportunities in converting awarded projects and sustainable cash flow.
Diversified funding sources and strong customer interest position Ameresco for continued growth.
Maintaining financial discipline and leveraging market opportunities are key to Ameresco's growth strategy.

Ameresco reports robust Q2 results, eyes sustainability and growth

Ameresco's strong performance in Q2, focus on sustainability, and robust revenue visibility position the company for continued growth.
While facing challenges in the RIN market and CapEx allocation, Ameresco's strategic initiatives offer opportunities for expansion and value creation.
By reaffirming guidance, targeting larger projects, and exploring M&A, Ameresco demonstrates resilience and adaptability in a dynamic market environment.

Ameresco reports record project backlog in Q3 earnings call

Ameresco's Q3 performance showed strong growth in project backlog and new project awards. While facing challenges in project conversions and delays, the company is adjusting its operational structure for scalability and reacting to market conditions.
The company's strengths lie in emphasizing profitable execution, cash flow generation, and maintaining growth targets. They are leveraging strong RIN prices and exploring opportunities for M&A in Europe.
Despite challenges like supply chain delays and administrative bottlenecks, Ameresco is focused on optimizing cash flow and net income through asset sales. They are navigating delays in project timelines and construction schedules.

Ameresco (AMRC) reports robust Q4 results and eyes European growth

Ameresco's Q4 performance was strong, driven by revenue growth and a focus on executing larger projects. While challenges like supply chain disruptions exist, the company remains confident in meeting 2024 expectations. Opportunities lie in the European market, energy efficiency investments, and lower battery prices impacting project economics.

Ameresco surpasses Q1 revenue targets, affirms strong full-year outlook

Ameresco's Q1 performance exceeded expectations, driven by strong project execution and growth in all business segments. The company remains focused on cash generation, affirmed full-year guidance, and addressed analyst inquiries on project dynamics and growth strategies. Challenges include managing contract risks and ensuring creditworthiness, while opportunities lie in expanding energy asset development and selective business growth initiatives.

Ameresco reports robust Q2 results, poised for clean energy growth

Ameresco's Q2 2024 earnings call reflects exceptional performance, with strong revenue growth, backlog expansion, and revised guidance indicating a positive trajectory.
The company's strengths lie in its resilience in clean energy projects, solid market position, and exciting prospects in RNG projects, offering a strong foundation for growth.
While facing challenges such as CFO transition and debt management, Ameresco has opportunities to leverage its performance, market position, and project portfolio for continued success.

Ameresco reports stellar Q3 results, eyes growth amid challenges

Ameresco's Q3 performance reflects robust growth and financial strength, underpinned by strategic operations and market demand.
While facing challenges like supply chain constraints and election impacts, the company's resilience and opportunities for growth remain promising.
Management's focus on efficiency projects, energy resiliency solutions, and strong financial performance position Ameresco for continued success and market leadership.

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Ameresco (AMRC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.15 per share a year ago.

Ameresco (AMRC) Lags Q2 Earnings Estimates

FRAMINGHAM, Mass.--(BUSINESS WIRE)--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, 2024. The Company also furnished supplemental information in conjunction with this press release in a Current Report on Form 8-K. The supplemental information, which includes Non-GAAP financial measures, has been posted to the “Investors” section of the Company's website at w.

Ameresco Reports Second Quarter 2024 Financial Results

FRAMINGHAM, Mass. & BRIGHTON, Colo.--(BUSINESS WIRE)--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 bot.

Ameresco and United Power Celebrate Completing Construction of Colorado's Largest Distributed Battery Energy Storage System to Enhance Resiliency and Energy Security

--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC) 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 completed and successful operation of multiple Battery Energy Storage Systems (BESS). Spread across ei.

Media Advisory: United Power and Ameresco Celebrate Launch of Transformational Battery Energy Storage System (BESS) Asset to enhance Resiliency across Colorado's northern Front Range

FRAMINGHAM, Mass. & EVERETT, Wash.--(BUSINESS WIRE)--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). The installation represents the largest standalone battery project to date in the Pacific Northwes.

Ameresco Announces a new Contract for a Battery Energy Storage System Asset with Snohomish County Public Utility District (PUD)

FRAMINGHAM, Mass.--(BUSINESS WIRE)--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 c.

Ameresco to Announce Second Quarter 2024 Financial Results on August 5, 2024

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has successfully secured a $100M second lien debt financing with Nuveen Energy Infrastructure Credit. This strategic financial move underscores Ameresco's commitment to grow its business and provides balance sheet stability on attractive terms. “We're thrilled to be working with Nuveen, who have proven in short order to.

Ameresco Strengthens Balance Sheet With Debt Financing From Nuveen

First Solar

GE Vernova LLC

The International Energy Agency's Renewables 2023 report highlights the rapid expansion of renewable power capacity worldwide, which grew by 50% in 2023, led by China, Europe, the United States, and Brazil. Solar photovoltaic (PV) and wind accounted for most of this growth, emphasizing the significant potential of strong buy solar stocks.

Wall Street Favorites: 3 Solar Stocks With Strong Buy Ratings for June 2024

FRAMINGHAM, Mass. & FREDERICK, Md.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the newly completed U.S. Army's advanced renewable energy system at U.S. Army Installation Fort Detrick in Maryland. This event marks the culmination of efforts to enhance the base's energy independence, sustainability, and potential for energy resiliency. Ameresco's energy asset activation is now live and featu.

Ameresco and U.S. Army Unveil Advanced Renewable Energy System at Fort Detrick

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, was today named the winner of a Gold Stevie® Award in the Company of the Year – Energy category in The 22nd Annual American Business Awards®. The American Business Awards are the U.S.A.'s premier business awards program. More than 300 professionals worldwide participated in the judging process to select this year's Stevie Award winners. Since i.

Ameresco Honored as Gold Stevie® Award Winner in 2024 American Business Awards® for Company of the Year – Energy

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that members of its management team will attend the following investor conferences: On May 29, 2024, Ameresco's Executive Vice President and Chief Financial Officer, Doran Hole, will host investor meetings at the Craig-Hallum 21st Annual Institutional Investor Conference. This event will take place at the Depot Renaissance Hotel i.

Ameresco to Participate at Upcoming Conferences

FRAMINGHAM, Mass. & O'AHU, Hawaii--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its Kūpono Solar project in Hawaii has been recognized with the prestigious SEAL Environmental Initiatives Award. This esteemed accolade, presented by SEAL (Sustainability, Environmental Achievement & Leadership) Awards, celebrates Ameresco's commitment to sustainability, innovation, and environmental leaders.

Ameresco Honored with SEAL Environmental Initiatives Award for Kūpono Solar Project in Hawaii

FRAMINGHAM, Mass. & COLLEGE PARK, Md.--(BUSINESS WIRE)--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 i.

Ameresco Construction Underway for a $33 Million Energy Project to Reduce Emissions while Modernizing Infrastructure at Key U.S. National Archives and Records Administration Sites

EnerSys

Lithium Americas Corp

EnerSys reported a strong end to its fiscal 2024, and its outlook for fiscal 2025 is providing the bulls with plenty to feast upon. Ameresco announced two project awards this week, suggesting that it's able to move projects through its backlog.

Why Shares of EnerSys and Ameresco Are Soaring This Week, but Lithium Americas Is Crashing

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Ameresco and Envision Energy have been chosen by Atlantic Green to build the Cellarhead project, a 300-megawatt (MW) battery energy storage project (BESS) with a maximum energy capacity of 624 megawatt hours (MWh). The Cellarhead BESS project will be connected to National Grid's Cellarhead sub-station and will provide the U.

Ameresco Entered into a $249M (196.5 million GBP) Contract and Long-Term Service (O&M) Agreement with Atlantic Green for One of the UK's Largest Battery Energy Storage Projects

FRAMINGHAM, Mass. & HENDERSON, Nev.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its collaboration with the City of Henderson to upgrade street lighting infrastructure with state-of-the-art LED technology. The $21 million project, awarded to Ameresco, marks a significant step towards enhancing safety, energy efficiency, and community well-being. This comprehensive initiative will convert ov.

Ameresco Awarded $21 Million Contract to Illuminate Henderson's Streets with State-of-the-Art LED Technology

Ameresco, Inc. (NYSE:AMRC ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Leila Dillon – Senior Vice President, Marketing & Communications George Sakellaris – Chairman, President, and Chief Executive Officer Doran Hole – Executive Vice President and Chief Financial Officer Mark Chiplock – Senior Vice President and Chief Accounting Officer Conference Call Participants Noah Kaye – Oppenheimer & Co. Inc. Moses Sutton – BNP Eric Stine – Craig Hallum Joseph Osha – Guggenheim Leanne Hayden – Canaccord Genuity Pavel Molchanov – Raymond James Associates Ben Kallo – Baird Luke Tilkens – Piper Sandler Craig Shere – Tuohy Brothers Operator Good day, and thank you for standing by. Welcome to the First Quarter 2024 Ameresco Earnings Conference Call.

Ameresco, Inc. (AMRC) Q1 2024 Earnings Call Transcript

Ameresco (AMRC) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.03 per share a year ago.

Ameresco (AMRC) Reports Q1 Loss, Tops Revenue Estimates

FRAMINGHAM, Mass.--(BUSINESS WIRE)--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 Current Report on Form 8-K. The supplemental information, which includes Non-GAAP financial measures, has been posted to the “Investors” section of the Company's website at.

Ameresco Reports First Quarter 2024 Financial Results

Ameresco (AMRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Ameresco (AMRC) to Report a Decline in Earnings: What to Look Out for

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has received a 2024 Smart 20 Award for its LED Streetlighting, Controls and Networking Project, in partnership with Memphis Light, Gas and Water (MLGW) and the City of Memphis. The winning project is expected to result in annual energy savings of over 37 million kWh and reduce greenhouse gas emissions by over 26,000 metric to.

Ameresco's Memphis LED Streetlighting Project Receives 2024 Smart 20 Award for Transformative City Infrastructure

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the release of its 2023 Impact Report on the theme of “Doing Well, by Doing Good: People, Planet and Policy.” The report demonstrates the lasting impact that Ameresco's business has across employees, customers, partners, communities, planet, industry, and beyond. This year's report showcases the multitude of ways that the compan.

Ameresco Releases 2023 Impact Report on “Doing Well, by Doing Good: People, Planet and Policy”

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, has today announced the installation of energy-efficient solar arrays designed to generate 230 KW across a total of (470) 490W PV modules in partnership with Wakefield Municipal Gas & Light Department (WMGLD). The project is split into two separate systems, the first of which (Equipment Garage, Community Solar, Array A) boast a 124.5 kWp ca.

Ameresco Announces the Installation of Energy-Efficient Solar Arrays in Partnership with Wakefield Municipal Gas & Light

FRAMINGHAM, Mass. & HELENS, Ore.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced they have been awarded an Energy Savings Performance Contract (ESPC) from Columbia County, Oregon. The collaboration aims to make the historic John Gumm building more energy efficient, and it is also part of a larger multi-phase effort to enhance the functionality and capacity of county facilities. Under the ESPC,.

Ameresco Awarded Energy Savings Performance Contract to Upgrade Energy Efficiency & Modernize Historic Building in Columbia County, Oregon

FRAMINGHAM, Mass.--(BUSINESS WIRE)--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 conj.

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