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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

FRAMINGHAM, Mass. & SANTA CLARA, Calif.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, has announced that it will construct a battery energy storage system (BESS) of up to 50-megawatts (MW) to provide Silicon Valley Power (SVP) additional local area capacity for electrical system reliability and flexibility. The BESS, named Kifer Energy Storage LLC, will be installed adjacent to the existing Kifer Receiving.

Ameresco Announces Battery Energy Storage System Contract with Silicon Valley Power

QUALCOMM

Wolfspeed

A new inflation report is out, and markets have reacted positively. Headline U.S. inflation essentially stalled in October, while the core consumer price index, which excludes food and energy costs, increased 0.2% from September.

3 Tattered Tech Stocks With Zero Hope Left

Ameresco announced far lower-than-expected revenue and earnings for its third quarter of 2023. The renewable asset developer cited several issues, from longer-than-expected downtime at some energy asset plants to supply chain delays and administrative bottlenecks.

Why Ameresco Stock Plunged Today

Ameresco, Inc. (NYSE:AMRC ) Q3 2023 Results Conference Call November 6, 2023 4:30 PM ET Company Participants Leila Dillon - SVP, Marketing & Communications George Sakellaris - Chairman, President & CEO Doran Hole - EVP, CFO Mark Chiplock - SVP, CAO Joshua Baribeau - SVP, Finance and Corporate Treasury Conference Call Participants Christopher Souther - B. Riley Eric Stine - Craig-Hallum George Gianarikas - Canaccord Genuity Greg Wasikowski - Webber Research & Advisory Joseph Osha - Guggenheim Julien Dumoulin-Smith - Bank of America Noah Kaye - Oppenheimer Pavel Molchanov - Raymond James Stephen Gengaro - Stifel Tim Mulrooney - William Blair Moses Sutton - BNP Paribas Davis Sunderland - Baird William Grippin - UBS Operator Good day, ladies and gentlemen, and thank you for standing by.

Ameresco, Inc. (AMRC) Q3 2023 Earnings Call Transcript

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced financial results for the fiscal quarter ended September 30, 2023. 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.

Ameresco Reports Third Quarter 2023 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.

Earnings Preview: Ameresco (AMRC) Q3 Earnings Expected to Decline

FRAMINGHAM, Mass. & FRANKFORT, Ky.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it achieved commercial operation at its landfill gas to renewable natural gas plant at Republic Services' Benson Valley Landfill in Frankfort, Kentucky. The Benson Valley facility has a gross nameplate in excess of 483,552 Dekatherms per year and is capable of processing 2,000 scfm of raw landfill gas. Amer.

Ameresco Landfill Gas to Renewable Natural Gas Plant Operations Begin at Republic Services' Benson Valley Landfill

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Michael Bakas, Executive Vice President of Distributed Generation System, and the company's project with Colorado Mountain College and Holy Cross Energy have been named finalists for the S&P Global Commodity Insights Global Energy Awards. The S&P Global Commodity Insights Global Energy Awards recognize the energy se.

Ameresco Named Finalists for the 2023 S&P Global Commodity Insights Global Energy Awards

FRAMINGHAM, Mass. & STRATFORD, Ontario--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, has announced the launch of a new large-scale energy efficiency project involving cooling, heating, and air quality solutions with Schaeffler Aerospace Canada Inc., a sector of the motion technology company, the Schaeffler Group. The project, which began in April 2023, will see the installation of a new high efficiency chil.

Ameresco and Schaeffler Aerospace Canada Inc. Announce Collaboration for Clean Cooling, Heating and Air Quality Decarbonization Project

FRAMINGHAM, Mass. & BARNSLEY, U.K.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specialising in energy efficiency and renewable energy, today announced that it has completed a £4 million multi-phase infrastructure redevelopment project with the Barnsley Metropolitan Borough Council. The project was completed in two key phases, the first phase focused on replacing existing coal-fired boilers with a new combined heat and power (CHP) and gas-fired system, while th.

Ameresco Announces Completion of Infrastructure Redevelopment Project with Barnsley Metropolitan Borough Council

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco to announce third quarter 2023 financial results on November 6, 2023.

Ameresco to Announce Third Quarter 2023 Financial Results on November 6, 2023

BRISBANE, Australia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Redflow Limited (ASX: RFX), a global leader in clean energy storage, and Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, are pleased to announce that Redflow has signed a US$2.83 million contract with the United States Department of Defense's (DOD) Defense Innovation Unit (DIU) to deliver a prototype microgrid using a 1.2 to 1.4 MWh Redflow long duration energy storage (LDES) system.

Redflow and Ameresco to deploy microgrid for United States Department of Defense

FRAMINGHAM, Mass. & CRAIG, Colo.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the dedication of a regional solar energy project in partnership with communities surrounding the City of Craig, CO, and Yampa Valley Electric Association (YVEA). The project will see the construction of the Yampa Valley Regional Solar Garden, a 4-megawatt-ACsolar array spanning 20 acres to provide solar-generated.

Ameresco Announces Innovative Regional Solar Array Project in Collaboration with City of Craig, Yampa Valley Electric Association, and the Colorado Department of Local Affairs

Ameresco, Inc. consistently fails to generate positive free cash flow, leading to debt accumulation and increased risk. The company's business model relies heavily on selling environmental credits to boost net income, raising concerns about profitability. Insider selling and lack of disclosure on environmental credits add to concerns about governance and the company's financial health.

Ameresco: A Debt-Accumulation Machine And Concerns Around Its Business Model

American Electric Power Company

NextEra Energy

NiSource

NRG Energy

TransAlta

While even the so-called best utilities stocks will likely never be mistaken for sexy opportunities, they offer exceptional relevance, especially at this juncture. With Wall Street unsure how to digest various macroeconomic news, the utilities space brings some predictability to your portfolio.

The 7 Best Utilities Stocks to Buy Now: September 2023

FRAMINGHAM, Mass. & PARK CITY, Utah--(BUSINESS WIRE)-- #carbonreduction--Mountain Regional Water receives grant to install floating solar technology and selects Ameresco as design-build partner.

Mountain Regional Water Receives Rocky Mountain Power Blue Sky Grant to Install Floating Solar Technology and Selects Ameresco as Design-Build Partner

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco secures $300M development and construction loan and extends maturity of Senior Secured Credit Facility Term Loan.

Ameresco Secures $300M Development and Construction Loan and Extends Maturity of Senior Secured Credit Facility Term Loan

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco named finalist at the 2023 Energy Awards.

Ameresco Named Finalist at the 2023 Energy Awards

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has been awarded the Department of Energy's (DOE's) Generation 4 (Gen4) energy savings performance contract (ESPC) contract, a government-wide vehicle that allows Federal agencies to leverage private capital and utility cost savings to reduce energy consumption, decarbonize, and enhance the resilience of Federal faciliti.

Ameresco Awarded Generation 4 Contract with The Department of Energy Federal Energy Management Program

FRAMINGHAM, Mass. & LOS ALAMITOS, Calif.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced its acquisition of an energy resilience project that combines a microgrid, solar panels and a battery energy storage system at Joint Forces Training Base (JFTB) in Los Alamitos, California. Ameresco acquired the clean energy asset from Bright Canyon Energy, who was the developer of the microgrid. The.

Ameresco Announces Acquisition of Joint Forces Training Base-Los Alamitos Microgrid Asset

Ameresco, Inc. (NYSE:AMRC ) Q2 2023 Earnings Conference Call July 31, 2023 4:30 PM ET Company Participants Leila Dillon - IR George Sakellaris - Chairman, President and CEO Doran Hole - EVP and CFO Mark Chiplock - SVP and CAO Conference Call Participants Noah Kaye - Oppenheimer Stephen Gengaro - Stifel Joseph Osha - Guggenheim George Gianarikas - Canaccord Genuity William Grippin - UBS Kashy Harrison - Piper Sandler Julien Dumoulin-Smith - Bank of America Tim Mulrooney - William Blair Pavel Molchanov - Raymond James Christopher Souther - B. Riley Eric Stine - Craig-Hallum Operator Good day ladies and gentlemen and thank you for standing by.

Ameresco, Inc. (AMRC) Q2 2023 Earnings Call Transcript

Ameresco (AMRC) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.62 per share a year ago.

Ameresco (AMRC) Q2 Earnings Lag Estimates

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #carbonreduction--Ameresco reports second quarter 2023 financial results.

Ameresco Reports Second Quarter 2023 Financial Results

Ameresco (AMRC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ameresco (AMRC) Expected to Beat Earnings Estimates: Should You Buy?

FRAMINGHAM, Mass. & GLENWOOD SPRINGS, Co.--(BUSINESS WIRE)-- #carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that the Holy Cross Energy/Colorado Mountain College solar-plus-storage project has been honored with the prestigious Top Project of the Year Award in the Environment + Energy Leader Awards program. This accolade recognizes the company's work with Holy Cross Energy (HCE) and Colorado Mountain College (CMC.

News for Ameresco Stock (AMRC)