Can Ameresco’s (AMRC) Public Sector Wins Like Klickitat Valley Shape Its Long-Term Growth Story?

• In early November 2025, Klickitat Valley Health announced the groundbreaking of two Ameresco-led clean energy projects featuring a US$60,000 annual energy-saving geothermal heat pump and a US$30,000 annual energy-saving solar carport at its Washington hospital, both supported by state clean energy grants.
• This collaboration highlights Ameresco’s ability to secure government-backed contracts that deliver quantifiable cost savings and long-term sustainability benefits for public sector clients.
• We’ll examine how Ameresco’s expanding public sector partnerships, such as the recent community hospital project, influence its overall investment outlook.

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Ameresco Investment Narrative Recap

To be a shareholder in Ameresco, you need to believe that accelerating investments in energy infrastructure, government incentives, and public sector partnerships can drive sustained revenue and margin expansion despite ongoing industry challenges. The latest Klickitat Valley Health announcement showcases Ameresco's execution in securing grant-backed projects, but does not fundamentally shift the most important near-term catalyst, successful delivery of large, higher-value projects, or reduce the biggest current risk from potential regulatory shifts and supply chain uncertainties. The overall impact is not material enough to alter the short-term narrative or risk profile.

The recent design-build contract with Anne Arundel County to deploy EV charging infrastructure across ten facilities is especially relevant, reflecting Ameresco’s growing track record in helping public sector clients achieve energy and cost savings. Like the Klickitat Valley project, it signals the company's ability to convert public mandates and incentives into actual backlog, a key input for future revenue visibility. Continued momentum on these contracts supports the view that expanded government incentive programs are a catalyst for Ameresco’s growth pipeline.

However, investors should also be mindful of how changes to clean energy incentives or policy could affect project pipelines and revenue stability, especially...

Read the full narrative on Ameresco (it's free!)

Ameresco's outlook forecasts $2.4 billion in revenue and $87.4 million in earnings by 2028. Achieving these targets requires an annual revenue growth rate of 8.8% and a $25.4 million increase in earnings from the current $62.0 million.

Uncover how Ameresco's forecasts yield a $37.11 fair value, a 5% upside to its current price.

Exploring Other Perspectives

Three separate fair value estimates from the Simply Wall St Community cluster tightly between US$36 and US$37.11 per share. Yet at the same time, regulatory uncertainty could affect future project economics and backlog conversion, making it important to compare differing views on Ameresco's prospects.

Explore 3 other fair value estimates on Ameresco - why the stock might be worth as much as 5% more than the current price!

Build Your Own Ameresco Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Ameresco research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Ameresco research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Ameresco's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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