Ameresco (NYSE:AMRC) Announces Earnings Results, Meets Expectations

Ameresco (NYSE:AMRC) issued its quarterly earnings results on Monday. The utilities provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20, FiscalAI reports. Ameresco had a net margin of 1.59% and a return on equity of 3.33%. The firm had revenue of $515.46 million during the quarter, compared to analysts’ expectations of $465.18 million. During the same quarter in the prior year, the business earned $0.27 EPS. Ameresco’s quarterly revenue was up 9.1% compared to the same quarter last year. 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 Stock Performance

NYSE:AMRC opened at $22.83 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.70 and a beta of 2.62. The firm’s fifty day moving average price is $26.86 and its 200 day moving average price is $28.36. Ameresco has a 1-year low of $15.90 and a 1-year high of $44.93.

Insiders Place Their Bets

In other Ameresco news, Director Jennifer L. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.27, for a total transaction of $322,700.00. Following the completion of the transaction, the director owned 22,111 shares in the company, valued at approximately $713,521.97. This represents a 31.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $30.29, for a total transaction of $302,900.00. Following the completion of the sale, the director owned 25,232 shares of the company’s stock, valued at $764,277.28. This trade represents a 28.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,355 shares of company stock worth $852,270. 45.10% of the stock is owned by insiders.

Institutional Trading of Ameresco

Several hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in Ameresco by 170.0% during the third quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after acquiring an additional 2,981,689 shares during the period. Dimensional Fund Advisors LP raised its position in Ameresco by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,272,601 shares of the utilities provider’s stock worth $37,274,000 after acquiring an additional 34,279 shares in the last quarter. First Trust Advisors LP lifted its holdings in Ameresco by 503.4% in the fourth quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock valued at $31,240,000 after acquiring an additional 889,820 shares during the period. Redwood Grove Capital LLC lifted its holdings in Ameresco by 36.0% in the second quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock valued at $10,327,000 after acquiring an additional 179,943 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Ameresco by 54.7% during the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after purchasing an additional 203,374 shares in the last quarter. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMRC. Guggenheim initiated coverage on shares of Ameresco in a report on Friday, May 22nd. They issued a “neutral” rating for the company. Weiss Ratings downgraded shares of Ameresco from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Canaccord Genuity Group raised their price target on Ameresco from $50.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Cantor Fitzgerald boosted their price target on Ameresco from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research raised Ameresco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.56.

Key Ameresco News

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Ameresco booked approximately $1.8 billion in new awards, supported by continued power-demand growth. The awards strengthen future revenue visibility and reinforce the company’s energy-infrastructure pipeline. Reuters: Ameresco books $1.8 billion in new awards
• Positive Sentiment: Second-quarter revenue reached $515.5 million, exceeding the $465.2 million analyst consensus by roughly 11% and increasing 9.1% from the prior-year quarter. The revenue beat was a key catalyst for the stock’s advance. Ameresco Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Ameresco’s backlog rose 32% to a record level, suggesting stronger visibility into future project activity and helping support investor expectations for growth. Ameresco backlog rises to a record
• Positive Sentiment: Fiscal 2026 adjusted EPS guidance was set at $1.15 to $1.35, above the approximately $1.09 analyst consensus. The guidance range implies management sees improved earnings potential despite ongoing project and macroeconomic execution risks. Ameresco Q2 2026 earnings call transcript
• Neutral Sentiment: Quarterly EPS was $0.20, in line with estimates, while full-year revenue guidance of $2.0 billion to $2.2 billion broadly brackets the $2.1 billion consensus. Ameresco meets Q2 earnings estimates
• Negative Sentiment: Although revenue grew, EPS declined from $0.27 a year earlier to $0.20, underscoring pressure on profitability. Ameresco also reported a relatively low net margin of 1.59%, which could limit the durability of the rally if margins do not improve. Key metrics from Ameresco Q2 earnings

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.