Ameresco (AMRC) is a leading energy infrastructure solutions provider specializing in energy efficiency, renewable energy projects, and distributed generation, with strong Q2 2026 revenue growth of 9% year-over-year to $515.5 million, raised full-year EPS guidance, and a focus on decarbonization amid favorable clean energy trends, though facing typical project-based revenue variability and interest expense pressures. Source: Company IR
Fact: Ameresco, Inc. was incorporated in 2000 by founder George P. Sakellaris and is headquartered in Framingham, Massachusetts. It went public in 2010 and has delivered over $15 billion in solutions while contracting over 5 GW of energy resources since founding. The company operates primarily in North America and Europe, with ~1,500-1,600 employees.
Fact: In 2024, renewable assets and projects delivered ~17 million metric tons of CO2 emissions reductions (cumulative >125 million metric tons since 2010).
Interpretation: Ameresco positions itself as a full-lifecycle partner in the energy transition, leveraging Energy Savings Performance Contracts (ESPCs) and renewable asset ownership/operation for recurring revenue.
Uncertainty: Long-term success depends on policy support for renewables, interest rates affecting project financing, and execution on large infrastructure projects.
Data Limitation: Q2 results reported August 3, 2026; cash flow from operations was negative in the quarter due to project timing/working capital (rolling 8-quarter adjusted average ~$29.6M positive).
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Total Revenue | $1.82B | $1.37B | $1.77B | $1.93B | $1.98B |
| Gross Profit | $290.83M | $246.43M | $256.09M | $304.01M | $308.56M |
| Operating Income | $133.94M | $84.87M | $81.99M | $128.56M | $125.28M |
| Net Income (Common) | $94.93M | $62.47M | $56.76M | $44.28M | $31.47M |
| Diluted EPS | $1.78 | $1.17 | $1.07 | $0.83 | $0.58 |
Fact: Revenue has shown volatility typical of project-based business (peak in 2022, dip in 2023, recovery). Gross margins improving in recent periods. Yahoo Finance Financials
Interpretation: Growth in Energy Assets and O&M segments suggests increasing recurring revenue mix, which could improve predictability.
Assumption/Flag: Financial figures are GAAP-based from reported periods; TTM reflects latest available as of mid-2026. Future results subject to project backlog conversion and macroeconomic conditions.
| Metric | Low | High |
|---|---|---|
| Revenue | $2.0B | $2.2B |
| Gross Margin | 17% | 18% |
| Adjusted EBITDA | $250M | $270M |
| Non-GAAP EPS | $1.15 | $1.35 |
Fact: Revenue guidance range aligns with analyst consensus (~$2.1B average). EPS guidance raised to reflect tax benefits and accounting changes for transferable tax credits. Company IR - Q2 2026 Release
Fact: Stock has exhibited significant volatility, consistent with small/mid-cap clean energy/infrastructure names. Recent trading (July 2026) saw daily closes in the $18–$22 range with notable swings (e.g., multi-percent moves on earnings/news). Longer-term, performance tied to renewable energy sentiment, interest rates, and project wins.
Interpretation: Positive reaction to Q2 2026 earnings (revenue growth + raised EPS guidance) suggests market appreciation for execution in a growing sector, but broader market and sector rotations can drive swings.
Uncertainty: Historical performance does not guarantee future results; sector exposure to policy (e.g., IRA incentives) and capital markets creates uncertainty.
More Information: Yahoo Finance Historical Data | Seeking Alpha AMRC Page
| Metric | Current Qtr (Jun 2026) | Next Qtr (Sep 2026) | FY2026 | FY2027 |
|---|---|---|---|---|
| Revenue (Avg Est.) | $460.72M | $587.66M | $2.1B | $2.28B |
| EPS (Avg Est.) | $0.20 | $0.53 | $1.10 | $1.66 |
| # Analysts (Revenue/EPS) | 11 / 9 | 11 / 9 | 11 / 10 | 11 / 11 |
Fact: Analysts project ~8.7% revenue growth for 2026 and stronger EPS growth (~51% YoY for 2027). Estimates stable with minor revisions. Yahoo Finance Analysis
Interpretation: Positive growth outlook reflects expected project pipeline conversion and Europe expansion (noted as increasing revenue share).
Uncertainty: No explicit average price target or buy/hold/sell breakdown available in aggregated data; individual analyst views may vary and change with new information or macro shifts.
Data Limitation: Estimates are consensus aggregates and subject to revision; actual results may differ significantly due to project timing.
More Information: Full Analyst Estimates | Seeking Alpha Research
Fact: Serves federal, state, and local governments; utilities; data centers; educational institutions (K-12 and higher ed); healthcare systems; housing authorities; commercial and industrial businesses; and transportation agencies across North America and Europe.
Interpretation: Diversified public/private mix provides stability, with federal and utility projects often offering long-term contracts and ESPC funding mechanisms.
More Information: Ameresco Official Site - Solutions/Customers
| Company | Ticker (if public) | Notes |
|---|---|---|
| Johnson Controls | JCI | Building efficiency and controls |
| EMCOR Group | EME | Mechanical/electrical construction & services |
| Quanta Services | PWR | Infrastructure, renewables, utilities |
| Schneider Electric | Private (global) | Energy management & automation |
| ENGIE Services | Private (global) | Energy services & efficiency |
| Tutor Perini | TPC | Construction/infrastructure |
| Matrix Service | MTRX | Energy/infrastructure services |
| MYR Group | MYRG | Electrical infrastructure |
Fact: Primary peers in ESCO/energy services space include Johnson Controls, Schneider Electric, and ENGIE; broader infrastructure competitors like Quanta and EMCOR overlap in renewables/utility work. MarketBeat Competitors
Interpretation: Ameresco differentiates via integrated renewable asset ownership/operation and focus on smaller-scale distributed generation alongside efficiency projects.
Data Limitation: Competitor list is not exhaustive; market positioning can shift with acquisitions or new entrants. Direct comparability limited by business mix differences.