Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €19.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Construction industry in Europe. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.20 per share. Recent Insider Transactions • Aug 12
Director recently bought €862k worth of stock On the 10th of August, Brian Cox bought around 40k shares on-market at roughly €21.70 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.0m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$0.18 (vs US$0.24 in 2Q 2025) Second quarter 2026 results: EPS: US$0.18 (down from US$0.24 in 2Q 2025). Revenue: US$515.5m (up 9.1% from 2Q 2025). Net income: US$9.72m (down 24% from 2Q 2025). Profit margin: 1.9% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 04
Ameresco, Inc. Reaffirms Earnings Guidance for the Year 2026 Ameresco, Inc. reaffirmed earnings guidance for the year 2026. Given its first-half performance, the visibility in backlog, and the financing progress made in second quarter, the company remains confident in its outlook for 2026 and are reaffirming full-year guidance across all metrics and based on improved visibility into investment tax credits expected to be realized in 2026. The company expects revenue to be in the range of $2.0 billion to $2.2 billion. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €16.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Construction industry in Europe. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.76 per share. Buy Or Sell Opportunity • Jul 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €18.40. The fair value is estimated to be €23.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Duyuru • Jul 28
Ameresco, Inc. Announces Appointment of Brian Cox as Class III Director and Member of Audit and Nominating and Governance Committees, Effective as of August 1, 2026 On July 22, 2026 the board of directors (Board) of Ameresco, Inc. (the Company) appointed Brian Cox as a class III director of the Company, effective as of August 1, 2026. The term of the Company’s class III directors, including Mr. Cox, expires on the date of the Company’s annual meeting of stockholders to be held in 2028 and until the election and qualification of successor directors. Mr. Cox will also serve on our Board as a member of the Board’s Audit and Nominating and Governance Committees. Mr. Cox, Age 53, brings more than two decades of leadership experience in data center energy infrastructure, capital allocation, corporate strategy, and business scaling. He is the founder and former Chief Executive Officer of STACK Infrastructure, a global digital infrastructure platform. Under his leadership, STACK grew into a leading provider of hyperscale data center solutions and achieved significant expansion through strategic development and acquisitions. Prior to founding STACK, Mr. Cox served as Chief Operating Officer and Chief Financial Officer at Cologix, Inc. and held leadership positions at Tempo Financial Holdings Corporation and KPMG LLP. Mr. Cox serves on the boards of STACK and Gigabit Fiber. He earned a Bachelor of Business Administration from Texas Christian University and an MBA from the University of Colorado. Mr. Cox is a Certified Public Accountant and served as an officer in the United States Army Reserve. Duyuru • Jul 02
Ameresco, Inc. to Report Q2, 2026 Results on Aug 03, 2026 Ameresco, Inc. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2026 Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €30.90, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Construction industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.78 per share. Duyuru • May 28
Ameresco, Inc. Announces Completion of First Phase of Multi-Year, Citywide Manhole Rehabilitation Initiative with City of Mesquite, Texas Ameresco, Inc. announced the successful completion of the first phase of a multi-year, citywide manhole rehabilitation initiative with the City of Mesquite, Texas, which maintains approximately 6,400 manholes across its wastewater system. As part of the project, Ameresco rehabilitated more than 190 manholes throughout the city’s wastewater infrastructure that have shown signs of deterioration. The project is intended to help minimize the risk of inflow and infiltration of stormwater and address potential structural failures, ultimately reducing system inefficiencies and wastewater treatment costs associated with aging manholes. Ameresco provided a full wastewater rehabilitation solution that included the supply and installation of a multi-layered polymeric lining system to restore structural integrity of the manholes and extend service life. Prior to coating installation, each manhole structure underwent a comprehensive cleaning process, with any identified holes or cracks grouted and plugged to create ideal surface conditions for maximum coating adhesion and long-term performance. This project marks the latest initiative in a successful multi-year partnership with the City of Mesquite focused on modernizing critical water infrastructure. Previous collaboration efforts included the implementation of a comprehensive smart metering infrastructure project serving the city’s residential and commercial water utility customers. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Charles Patton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 06
Ameresco, Inc. Provides Earnings Guidance for the Fiscal Year 2026 Ameresco, Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects revenue to be in the range of $2.0 billion to $2.2 billion. Duyuru • Apr 25
Ameresco, Inc., Annual General Meeting, Jun 04, 2026 Ameresco, Inc., Annual General Meeting, Jun 04, 2026. Duyuru • Apr 07
Ameresco, Inc. to Report Q1, 2026 Results on May 04, 2026 Ameresco, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 04, 2026 Duyuru • Apr 01
Ameresco, Inc. Announces Executive Changes, Effective April 1, 2026 Effective April 1, 2026, the Board of Directors of Ameresco, Inc. appointed Ms. Nicole A. Bulgarino and Mr. Louis P. Maltezos to serve as Co-Presidents of the Company and Mr. Peter Christakis to serve and Chief Operating Officer of the Company. With these appointments, Mr. Sakellaris will effective April 1, 2026 step down as President of Ameresco, Inc. continuing to report to the Company’s Board of Directors as Chief Executive Officer of the Company and to serve as the Chairman of the Board. In her role as Co-President, Ms. Bulgarino will continue to oversee the Company's data centers and large energy infrastructure projects with advanced power solutions, while continuing to guide the company’s Federal Solutions business. Ms. Bulgarino has been with the Company since 2004, including most recently serving as President - Federal Solutions and Utility Infrastructure and prior to that serving in various management capacities in the Company's federal solutions business. In his role as Co-President, Mr. Maltezos will also oversee the Company's non-federal project and Smart Building Solutions businesses and Canadian operations. Mr. Maltezos has been with the Company since 2004, including most recently serving as President - Central and Western USA and Canada Region and prior to that serving in various management capacities in the Company's projects, smart building solutions and Canada businesses. In his role as Chief Operating Officer, Mr. Christakis will oversee procurement, health & safety and the Company's U.S. solar and battery operations and European operations. Mr. Christakis has been with the Company since 2000, including most recently serving as President - East USA, Greece and Project Risk and prior to that serving in various management capacities in the Company's European, projects and solar businesses. Duyuru • Mar 03
Ameresco, Inc. Provides Financial Guidance for the First Quarter, Second Half and Full Year of Fiscal Year Ending December 31, 2026 Ameresco, Inc. provided financial guidance for the first quarter, second half and full year of fiscal year ending December 31, 2026. The company expects its first quarter revenue to track similar to first quarter of last year. Given the linear nature of those costs, the company expects first quarter EPS to be negative by approximately $0.30.
The company expects revenues in the second half of the year to represent approximately 60% of its total revenue for 2026.
For the full year, the company expects revenue to be in the range of $2.0 billion to $2.2 billion. Operating income to be in the range of $161 million to $189 million. Duyuru • Feb 17
Ameresco, Inc. and Luminace Announce the Completion of Coventry Landfill Solar Project Ameresco, Inc. and Luminace jointly announced the successful completion of the Coventry Landfill Solar project. This milestone marks a significant advancement in the Town of Coventry's efforts to expand renewable energy generation and enhance long-term environmental stewardship. The Town of Coventry's landfill solar project features a 5.740 MW solar array estimated to generate approximately 7.7 million kWh annually, enough to power more than 1,100 homes. The project is expected to eliminate 3,760 tons of carbon dioxide each year. Developed on a capped landfill with limited redevelopment alternatives and designated under Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the project demonstrates how underutilized land can be transformed into productive clean-energy infrastructure. In addition to delivering clean energy, the project provides significant economic benefits to the Town of Coventry. The landfill solar array is expected to generate lease revenue, taxes, and reimbursement for the landfill cap maintenance policy. Over the initial lease period, the economic benefit to the town is estimated to be approximately $4.4 million. As the owner of the Coventry Landfill solar Project, Luminace is further expanding its Rhode Island solar footprint in a way that delivers meaningful local benefits while continuing to support sustainable energy development across the New England markets. Duyuru • Jan 14
Ameresco, Inc. to Report Q4, 2025 Results on Mar 02, 2026 Ameresco, Inc. announced that they will report Q4, 2025 results After-Market on Mar 02, 2026 Duyuru • Jan 07
Ameresco, Inc. and Republic Services, Inc. Bring 5.2 MWe Upper Rock Landfill Gas-To-Renewable Natural Gas Facility Online Ameresco, Inc. and Republic Services, Inc. announced it achieved operation of a renewable natural gas (RNG) facility located at the Upper Rock Island County Landfill in East Moline, Illinois in December. The Ameresco-owned asset will upgrade landfill gas (LFG) from the Upper Rock Landfill into pipeline-quality RNG that can be used as a low-carbon transportation fuel and for other applications. The 5.2 MWe RNG facility is designed to capture raw landfill gas and process 2,000 standard cubic feet per minute (scfm) into pipeline-quality renewable natural gas, and to produce more than 500,000 Dekatherms each year. By turning landfill gas into a valuable renewable energy resource: The facility is expected to avoid more than 27,000 metric tons of CO2 emissions each year. This reduction is equivalent to the carbon sequestered by 326,000 acres of forest. The project advances decarbonization, improves air quality, and supports local communities. As the 16th operational project developed by Ameresco and Republic Services and following the announcement of another Illinois RNG facility in July 2025, this project underscores both organizations' growing momentum and ongoing dedication to advancing renewable energy in the region and beyond. Not only does the facility support Illinois' ambitious clean energy targets of 40% renewable energy by 2030 and 100% clean energy by 2050, but it also directly contributes to Republic Services' goal to beneficially reuse 50% more biogas by 2030. Duyuru • Nov 04
Ameresco, Inc. Reaffirms Earnings Guidance for the Year Ending December 31, 2025 Ameresco, Inc. reaffirmed earnings guidance for the year ending December 31, 2025. For the year, the company expects revenue to be in the range of $1.85 billion to $1.95 billion. Duyuru • Sep 30
Terra Innovatum Partners with Ameresco to Jointly Pursue Public-Private Commercial Opportunities in the U.S. and Global Markets to Deploy SOLO Micro-Modular Reactor Terra Innovatum Srl and GSR III Acquisition Corp. announced it has signed a memorandum of understanding ("MOU") with Ameresco to establish a comprehensive framework for siting, development, construction, integration, operation, and decommissioning planning of the SOLO™? micro-modular reactor. The collaboration will leverage Ameresco's national network and expertise to identify siting opportunities on public and private land, with a goal to secure the deployment of 50 reactor units across federal and commercial sites, marking a major step toward near-term commercial rollout of the SOLO™? reactor. Duyuru • Sep 16
Ameresco, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Ameresco, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2025 Duyuru • Aug 05
Ameresco, Inc. Reiterates Earnings Guidance for the Year Ending December 31, 2025 Ameresco, Inc. reiterated earnings guidance for the year ending December 31, 2025. For the year, the company expected revenue to be in the range of $1.85 billion to $1.95 billion. Duyuru • Jul 23
Ameresco, Inc. Expands Long-Standing Collaboration with the University of Illinois Chicago Through $30 Million Phase 2 Energy Efficiency Project Ameresco, Inc. announced the launch of its $30 million Phase 2 project with the University of Illinois Chicago (UIC). Building on a decade-long collaboration, this project focuses on advanced energy-efficient HVAC infrastructure upgrades across two critical campus buildings, aimed at reducing energy consumption and enhancing campus sustainability. The project includes the installation of 24 energy-efficient air handling units and the implementation of sophisticated heating and cooling smart controls in the University Hall, which houses administrative offices, and the Behavioral Science Building, which is the largest classroom building on UIC's campus. This initiative is expected to generate over $1 million in combined annual energy and operational savings for UIC. The project is expected to be completed in 18 months and projected to deliver significant environmental benefits in addition to addressing deferred maintenance of aged mechanical equipment. It is expected to reduce greenhouse gas emissions equivalent to those produced by driving 5.5 million miles in an average gas emissions equivalent to those produced By driving ~5.5 million miles in a average gas-powered passenger vehicle or the carbon sequestration achieved by 2,100 acres of U.S. forests in one year, resulting in annual CO2 savings of 2,100+ metric tons. UIC continues to solidify its position as a leader in sustainability within higher education with a new initiative that builds upon its strong reputation and legacy, established with the publication of the University's first Climate Action Plan in 2009. This project, which aligns with the Climate Commitment Action Plan (CCAP 2024)'s CN 1: Energy Efficiency Portfolio, which prioritizes energy efficiency in buildings and campus operations. Energy-efficient facilities use less energy to provide the same level of occupant comfort and produce the same building performance. This project is designed to implement extensive energy efficiency upgrades to core building HVAC systems. These upgrades aim to significantly reduce energy consumption, operational costs and carbon emissions in accordance with its five climate commitments. By upgrading critical systems, this project demonstrates the transformative potential of modern energy efficiency infrastructure solutions to reduce costs, enhance functionality and create more comfortable spaces for the university community to use. Duyuru • Jul 09
Ameresco Announces Appointment of Spyros Kairis as General Manager for South, East, and Central Europe Ameresco, Inc. announced the appointment of Spyros Kairis as General Manager for South, East, and Central Europe. Based in Athens, Greece, Spyros will be responsible for overseeing operations, driving business growth, and managing key projects across the region. This strategic appointment underscores Ameresco’s commitment to expanding its footprint in Europe and delivering innovative, sustainable energy solutions to a growing customer base. Spyros brings over two decades of leadership experience in the energy and technology sectors, having held senior roles at Artemis ITS SA, FieldCore (a GE company), and General Electric. His expertise spans P&L management, operational excellence, digital transformation, and strategic growth initiatives across multinational environments. The addition of Spyros Kairis to the team enhances the ability to scale operations, deepens local engagement, and executes on strategic priorities—further advancing the commitment to support Europe’s ambitious climate and energy transition goals. Spyros holds an MSc in Digital Communications and Signal Processing from Imperial College London, an MEng in Electrical and Computer Engineering from the National Technical University of Athens, and a BSc in Economics from the National and Kapodistrian University of Athens. He is also a certified Program Management Professional (PgMP)® and has completed extensive executive training in leadership, digital transformation, and change management. Spyros Kairis’ leadership ignites a new era of growth for Ameresco in Europe, accelerating the path to a cleaner, smarter energy future. Duyuru • Jul 01
Ameresco, Inc. to Report Q2, 2025 Results on Aug 04, 2025 Ameresco, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Duyuru • Jun 10
Ameresco, Inc. Appoints Cenk Güler as Director of Nuclear Partnerships Ameresco, Inc. announced the appointment of Cenk Güler as Director of Nuclear Partnerships. This strategic hire underscores the company’s commitment to offer the most advanced energy infrastructure to its portfolio of customers. In this newly created role, Cenk Güler will lead Ameresco’s entry into the nuclear energy market, with a focus on microreactor and Small Modular Reactor (SMR) technology. He will be responsible for strategic partnerships, technical diligence, and nuclear network development across the industry and federal agencies, including the Department of Defense and Department of Energy. Ameresco has long been at the forefront of delivering advanced energy infrastructure solutions for broad range of customers. This foundation of proven, resilient technologies positions the company as a trusted leader in the evolving energy landscape. The addition of nuclear capabilities builds on that legacy to meet growing demand for reliable power. Prior to joining Ameresco, Cenk Güler held senior leadership roles at Westinghouse Electric Company, where he led global teams in advanced reactor development, space power applications, and high-energy fuel technologies. He holds an MBA from the University of Pittsburgh and advanced degrees in Nuclear Engineering from Pennsylvania State University and Hacettepe University. Duyuru • Jun 06
Ameresco Announces 240 kW Solar Canopy Project Ameresco, Inc. and officials from the City of Pendleton, Oregon will host a ceremony to celebrate the completion of a major solar canopy project. The 240 kW solar canopy is located at the City’s Wastewater Treatment and Resource Recovery Facility (WWTRRF) and is the first of its kind in the region. It is expected to generate as much as 325,000 kWh of electricity annually, offsetting the energy use of the WWTRRF by 30%. This project is part of a broader initiative at the Pendleton WWTRRF, which includes a suite of renewable energy and efficiency upgrades designed to reduce the facility's carbon footprint and operational costs. In addition to the solar PV canopy, future plans include the integration of a battery energy storage system (BESS) that will further enhance the facility’s energy management capabilities. The multiphase infrastructure improvement initiative was delivered through an Energy Savings Performance Contract (ESPC) with Ameresco, who provided price and performance guarantees and helped ensure participation from disadvantaged and local businesses. The project reflects Pendleton’s commitment to energy efficiency, resilience and innovation in environmental stewardship. Duyuru • May 27
Ameresco, Inc. Begins Operations of Virginia Solar Canopy Project Developed in Partnership with BXP Ameresco, Inc. announced that it achieved commercial operation at its solar PV canopy project in Reston, Virginia. The project was developed through a partnership with BXP, Inc. The 1.3 MW solar photovoltaic system is expected to provide an estimated 1.5 million kilowatt-hours of renewable energy annually, benefiting BXP's Reston town Center facility. This initiative offers cost-savings through competitive energy pricing, bolsters energy security, and reduces dependence on the electric grid. This behind-the-meter project was completed at the end of 2024. The system is mounted atop a parking garage. This innovative use of space not only increases the covered parking capacity but also transforms the garage into a megawatt-scale renewable energy plant. Achieving commercial operations for the solar canopy project marks a significant milestone in Ameresco's ongoing efforts to deliver innovative energy solutions that promote sustainability and resilience. As Reston Town Center benefits from this energy initiative, Ameresco and BXP remain dedicated to delivering cost-effective and reliable energy solutions to the community. Duyuru • May 06
Ameresco, Inc. Reiterates Earnings Guidance for the Year Ending December 31, 2025 Ameresco, Inc. reiterated earnings guidance for the year ending December 31, 2025. For the year, the company expects revenue to be in the range of $1.85 billion to $1.95 billion. Duyuru • Apr 12
Ameresco, Inc., Annual General Meeting, Jun 04, 2025 Ameresco, Inc., Annual General Meeting, Jun 04, 2025. Duyuru • Apr 07
Ameresco, Inc. to Report Q1, 2025 Results on May 05, 2025 Ameresco, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Duyuru • Mar 03
Ameresco, Inc. (NYSE:AMRC) acquired Asa Controls, Inc. Ameresco, Inc. (NYSE:AMRC) acquired Asa Controls, Inc. on March 3, 2025.
Ameresco, Inc. (NYSE:AMRC) completed the acquisition of Asa Controls, Inc. on March 3, 2025. Duyuru • Jan 21
Ameresco, Inc. to Report Q4, 2024 Results on Feb 27, 2025 Ameresco, Inc. announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Duyuru • Jan 08
ICF International, Inc. (NasdaqGS:ICFI) acquired Applied Energy Group, Inc. from Ameresco, Inc. (NYSE:AMRC). ICF International, Inc. (NasdaqGS:ICFI) acquired Applied Energy Group, Inc. from Ameresco, Inc. (NYSE:AMRC) on January 7, 2025. The transaction is anticipated to be immediately accretive to ICF's Non-GAAP earnings per share. Canaccord Genuity acted as exclusive financial advisor to Ameresco.
ICF International, Inc. (NasdaqGS:ICFI) completed the acquisition of Applied Energy Group, Inc. from Ameresco, Inc. (NYSE:AMRC) on January 7, 2025. Recent Insider Transactions • Nov 17
Founder recently bought €627k worth of stock On the 13th of November, George Sakellaris bought around 25k shares on-market at roughly €25.10 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. George has been a buyer over the last 12 months, purchasing a net total of €890k worth in shares. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €24.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 70% over the past three years. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.34 (vs US$0.41 in 3Q 2023) Third quarter 2024 results: EPS: US$0.34 (down from US$0.41 in 3Q 2023). Revenue: US$500.9m (up 49% from 3Q 2023). Net income: US$17.6m (down 17% from 3Q 2023). Profit margin: 3.5% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 08
Ameresco, Inc. Reaffirms Earnings Guidance for the Full Year 2024 Ameresco, Inc. reaffirmed earnings guidance for the full year 2024. For the period, the company expects revenue to be in he range of $1.70 billion $1.80 billion. Duyuru • Oct 10
Ameresco, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Ameresco, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €31.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$0.096 (vs US$0.12 in 2Q 2023) Second quarter 2024 results: EPS: US$0.096 (down from US$0.12 in 2Q 2023). Revenue: US$438.0m (up 34% from 2Q 2023). Net income: US$5.01m (down 21% from 2Q 2023). Profit margin: 1.1% (down from 1.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 06
Ameresco, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Ameresco, Inc. provided earnings guidance for the fiscal year 2024. For the period, the company expects revenue to be in he range of $1.70 billion $1.80 billion. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €30.56, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 44% over the past three years. Duyuru • Jul 04
Ameresco, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Ameresco, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Duyuru • Jun 18
Ameresco, Inc. and U.S. Army Unveil Advanced Renewable Energy System At Fort Detrick Ameresco, Inc. 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 features a 6 MW/6MWh battery energy storage system (BESS) that integrates seamlessly with an existing 18.6 MW (DC) solar energy facility, which has been operational since 2016. This integration not only boosts the facility’s capacity by providing frequency regulation services to the local electric grid but also enhances the overall energy security and sustainability of the installation by improving the power quality and correcting unintended fluctuations in generation. The Fort Detrick facility is a key U.S. Installation Management Command installation (IMCOM) encompassing a 1,200-acre campus. It supports a broad spectrum of government agencies and military services including the Defense Health Agency, Space Force, U.S. Army Medical Research and Development Command, and the 21st Signal Brigade. Fort Detrick has been an integral part of the community since its establishment and continues to be a hub for significant scientific and medical advancements, which it will now continue with the support of its new BESS activation. Today, a ribbon-cutting ceremony was held to celebrate the activation of the BESS. The event took place at the U.S. ArmyGarrison Fort Detrick's Area B Solar Field. Key attendees included Robert Hughes, Executive Director of the U.S. Army Office of Energy Initiatives, the Honorable Rachel Jacobson, the 17th Assistant Secretary of the U.S. Army for Installations, Energy and Environment (ASA(IE&E)), and representatives from Ameresco. The ceremony was hosted by Brigadier General Edward H. Bailey, Commanding General of the U.S. Army Medical Research and Development Command and Fort Detrick. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €31.16, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.61 per share. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €25.56, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.68 per share. Duyuru • May 09
Ameresco, Inc. Reaffirms Financial Guidance for the Full Year Ending December 31, 2024 Ameresco, Inc. reaffirmed financial guidance for the full year ending December 31, 2024. For the year, the company expects revenue to be in the range of $1.60 billion to $1.70 billion. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.056 loss per share (vs US$0.021 profit in 1Q 2023) First quarter 2024 results: US$0.056 loss per share (down from US$0.021 profit in 1Q 2023). Revenue: US$298.4m (up 10% from 1Q 2023). Net loss: US$2.94m (down 373% from profit in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Duyuru • Apr 24
Ameresco, Inc., Annual General Meeting, Jun 04, 2024 Ameresco, Inc., Annual General Meeting, Jun 04, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect three nominees identified in the accompanying proxy statement as members of board of directors to serve as class II directors for a term of three years; to ratify the appointment of RSM US LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve an amendment to the 2017 Employee Stock Purchase Plan to increase the number of shares reserved for issuance under the plan to 575,000; and to transact other business, if any, that may properly come before the annual meeting and any adjournment thereof. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €18.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.28 per share. Duyuru • Apr 10
Ameresco, Inc. to Report Q1, 2024 Results on May 07, 2024 Ameresco, Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 07, 2024 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €22.45, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.09 per share. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €16.92, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 53% over the past three years. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$1.20 (vs US$1.83 in FY 2022) Full year 2023 results: EPS: US$1.20 (down from US$1.83 in FY 2022). Revenue: US$1.37b (down 25% from FY 2022). Net income: US$62.5m (down 34% from FY 2022). Profit margin: 4.5% (down from 5.2% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €23.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 57% over the past three years. Duyuru • Feb 01
Ameresco, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Ameresco, Inc. announced that they will report Q4, 2023 results on Feb 28, 2024 Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Charles Patton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.62, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €28.95, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Construction industry in Europe. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €24.85, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Construction industry in Europe. Total loss to shareholders of 31% over the past three years. Recent Insider Transactions • Nov 14
Founder recently bought €844k worth of stock On the 13th of November, George Sakellaris bought around 40k shares on-market at roughly €21.10 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was George's only on-market trade for the last 12 months. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$407 (vs US$0.53 in 3Q 2022) Third quarter 2023 results: EPS: US$407. Revenue: US$335.1m (down 24% from 3Q 2022). Net income: US$21.3m (down 22% from 3Q 2022). Profit margin: 6.3% (up from 6.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Construction industry in Germany. Duyuru • Nov 07
Ameresco, Inc. Revises Earnings Guidance for the Full Year of 2023 Ameresco, Inc. revised earnings guidance for the full year of 2023. The company expects revenue of $1.315 billion $1.370 billion. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €26.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Construction industry in Europe. Total loss to shareholders of 19% over the past three years. Duyuru • Oct 25
Ameresco, Inc. Announces Resignation of Britta Macintosh as Executive Vice President, West Region and European Operations, Effective December 31, 2023 On October 23, 2023, Ameresco, Inc. announced that Britta MacIntosh has informed the Company of her intent to resign for personal reasons from her position as Executive Vice President, West Region and European Operations, effective December 31, 2023, after which she will continue to support the Company in a consulting capacity. Until the effective date of her resignation, Ms. MacIntosh will serve the Company in a transitional role to assist the members of the Company’s executive management team who will be taking over Ms. MacIntosh’s responsibilities. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €32.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Construction industry in Europe. Total loss to shareholders of 3.6% over the past three years. Duyuru • Oct 05
Ameresco, Inc. to Report Q3, 2023 Results on Nov 06, 2023 Ameresco, Inc. announced that they will report Q3, 2023 results After-Market on Nov 06, 2023 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €43.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 78% over the past three years. Duyuru • Aug 12
Ameresco, Inc. (NYSE:AMRC) acquired Clean Energy Asset from Bright Canyon Energy. Ameresco, Inc. (NYSE:AMRC) acquired Clean Energy Asset from Bright Canyon Energy on August 10, 2023. Ameresco’s ownership will allow JFTB to continue operating as Southern California’s emergency response hub during a natural or man-made disaster.Ameresco, Inc. (NYSE:AMRC) completed the acquisition of Clean Energy Asset from Bright Canyon Energy on August 10, 2023. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.62 in 2Q 2022) Second quarter 2023 results: EPS: US$0.12 (down from US$0.62 in 2Q 2022). Revenue: US$327.1m (down 43% from 2Q 2022). Net income: US$6.37m (down 80% from 2Q 2022). Profit margin: 1.9% (down from 5.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 01
Ameresco, Inc. Reaffirms Revenue Guidance for the Fiscal Year 2023 Ameresco, Inc. reaffirmed revenue guidance for the fiscal year 2023. For the year, the company expects revenue in the range of $1.45 billion to $1.55 billion. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €49.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 93% over the past three years. Duyuru • Jul 12
Ameresco, Inc. to Report Q2, 2023 Results on Jul 31, 2023 Ameresco, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2023 Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.021 (vs US$0.34 in 1Q 2022) First quarter 2023 results: EPS: US$0.021 (down from US$0.34 in 1Q 2022). Revenue: US$271.0m (down 43% from 1Q 2022). Net income: US$1.10m (down 94% from 1Q 2022). Profit margin: 0.4% (down from 3.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$1.83 (vs US$1.38 in FY 2021) Full year 2022 results: EPS: US$1.83 (up from US$1.38 in FY 2021). Revenue: US$1.82b (up 50% from FY 2021). Net income: US$94.9m (up 35% from FY 2021). Profit margin: 5.2% (down from 5.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €42.99, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 111% over the past three years. Duyuru • Feb 02
Ameresco, Inc. Announces Board Changes Ameresco, Inc. received notice from Douglas I. Foy, that he is retiring from his position as a Class III director of the Company effective as of the same day. Prior to his resignation, Mr. Foy was the chair of the Company's nominating and governance committee and a member of the compensation committee. Mr. Foy joined the Company’s board of directors in May 2010, and during his long tenure, Mr. Foy has been a valued member of the Company’s board of directors. In connection with Mr. Foy’s retirement, Jennifer Miller was appointed chair of the nominating and governance committee and member of the compensation committee and Claire Hughes Johnson was appointed member of the nominating and governance committee. Duyuru • Jan 27
Ameresco, Inc. to Report Q4, 2022 Results on Feb 27, 2023 Ameresco, Inc. announced that they will report Q4, 2022 results After-Market on Feb 27, 2023 Duyuru • Nov 22
Ameresco, Inc. (NYSE:AMRC) acquired Wind Farm In West County Cork, Ireland. Ameresco, Inc. (NYSE:AMRC) acquired Wind Farm In West County Cork, Ireland on November 21, 2022.Ameresco, Inc. (NYSE:AMRC) completed the acquisition of Wind Farm In West County Cork, Ireland on November 21, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Claire Hughes Johnson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 15
Ameresco, Inc. Appoints Lenka Patten as Senior Vice President and Chief Human Resources Officer Ameresco, Inc. announced that it has appointed Lenka Patten as its new Senior Vice President and Chief Human Resources Officer. With 20 years of forward-thinking human capital experience, Patten comes to Ameresco with a proven track record of implementing integrated human resource strategies that put people first and support the overall mission and vision of organizations. In her new role, Patten will serve as a strategic member of the Ameresco executive management team, leading Ameresco’s team of human resources professionals. Patten will also provide guidance as a personnel advisor to each business unit and work to ensure cohesion across talent acquisition, professional development and employee engagement processes so that each area is aligned with Ameresco’s strategic business goals and objectives. Prior to Ameresco, Patten served as the head of human resources for Reebok International, where she was responsible for developing and executing global human resource strategy, specifically in the areas of talent management; diversity, equity and inclusion; organization design; performance management; training and development; social purpose and community impact, among others. She’s also held human resources leadership roles at other organizations, including publicly traded State Street Corporation and Fidelity Investments. Patten graduated from the University of Economics in Prague, Czech Republic with a bachelor’s degree in economics and comparative politics and a master’s degree in economics. She holds a master’s degree in organizational development from American University in Washington, D.C. as well. Patten is also a Society for Human Resource Management Senior Certified Professional, a nationally lauded recognition. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.34 in 3Q 2021) Third quarter 2022 results: EPS: US$0.53 (up from US$0.34 in 3Q 2021). Revenue: US$441.3m (up 61% from 3Q 2021). Net income: US$27.4m (up 57% from 3Q 2021). Profit margin: 6.2% (down from 6.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 02
Ameresco, Inc. Provides Revenue Guidance for the Full Year of 2022 Ameresco, Inc. provided revenue guidance for the full year of 2022. The company expects revenue between $1.83 billion -$1.87 billion. Duyuru • Oct 04
Ameresco, Inc. to Report Q3, 2022 Results on Nov 01, 2022 Ameresco, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2022 Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$622 (vs US$0.27 in 2Q 2021) Second quarter 2022 results: EPS: US$622 (up from US$0.27 in 2Q 2021). Revenue: US$577.4m (up 111% from 2Q 2021). Net income: US$32.2m (up 136% from 2Q 2021). Profit margin: 5.6% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 5.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 02
Ameresco, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2022 Ameresco, Inc. provided earnings guidance for the third quarter and full year 2022. The company anticipates that Third Quarter revenue will be slightly greater than that of fourth quarter, and second half 2022 gross margins will be approximately 18%.For the year, the company reiterate 2022 guidance for year-over-year revenue, Adjusted EBITDA, and Non-GAAP EPS growth of 52%, 34%, and 26%, respectively, at the midpoints of guidance ranges. Revenue to be $1.83 billion to $1.87 billion. 
