Ameresco (NYSE:AMRC) Announces Earnings Results

Ameresco (NYSE:AMRC) posted its quarterly earnings results on Monday. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07, FiscalAI reports. Ameresco had a net margin of 3.34% and a return on equity of 6.97%. The company had revenue of $581.03 million for the quarter, compared to the consensus estimate of $556.09 million. During the same quarter last year, the firm posted $0.88 earnings per share. Ameresco’s revenue was up 9.1% on a year-over-year basis.

Here are the key takeaways from Ameresco’s conference call:

• Record Q4 revenue of $581 million (up 9% YoY) and improved margins, with management converting a $1.5 billion project backlog into revenue and maintaining total project backlog above $5 billion.
• Management issued 2026 guidance of roughly $2.1 billion revenue and $283 million adjusted EBITDA (midpoints), forecasting ~60% of 2026 revenue in H2 while flagging seasonal Q1 softness and higher interest/depreciation.
• Europe is a stated growth priority — expansion via opportunistic acquisitions and partnerships (including a 51% JV with TERNA) produced recent wins (e.g., Romania) and provides geographic diversification from U.S. policy risk.
• Recurring revenue strength — Ameresco placed 121 MW into service in 2025 (total operating assets ~838 MW), with ~$1.5 billion O&M backlog and management highlighting >$10 billion of long‑term revenue visibility.
• Near‑term headwinds and risks include the Q4 federal shutdown and severe weather that disrupted project timing (including an unrecoverable RNG freeze‑up), plus supply‑chain and tariff/lithium price volatility that management says is built into contracts and contingency planning.

Ameresco Stock Up 1.6%

Shares of Ameresco stock opened at $30.95 on Tuesday. Ameresco has a 1-year low of $8.49 and a 1-year high of $44.93. The company has a market capitalization of $1.63 billion, a PE ratio of 26.01, a P/E/G ratio of 1.05 and a beta of 2.53. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50. The business has a 50-day moving average of $31.45 and a 200-day moving average of $32.23.

Insider Activity at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the transaction, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This represents a 52.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 16,645 shares of company stock valued at $568,297 in the last 90 days. Insiders own 44.96% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently made changes to their positions in the business. State of Wyoming acquired a new stake in shares of Ameresco during the fourth quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in Ameresco during the 4th quarter valued at $55,000. Kemnay Advisory Services Inc. bought a new position in Ameresco during the 4th quarter valued at $69,000. Tower Research Capital LLC TRC grew its holdings in Ameresco by 99.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Ameresco in the 4th quarter worth about $175,000. 99.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of research reports. UBS Group raised their price objective on Ameresco from $23.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Roth Mkm reaffirmed a “buy” rating on shares of Ameresco in a research report on Wednesday, December 3rd. Stifel Nicolaus increased their price objective on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.90.

Ameresco News Summary

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Management raised forward targets and highlighted record backlog expansion, explicitly guiding to $2.1B revenue and $283M adjusted EBITDA in 2026 — a sign of stronger expected top-line and EBITDA growth. Ameresco targets $2.1B revenue and $283M adjusted EBITDA in 2026
• Positive Sentiment: Q4 results beat estimates: revenue $581.03M (vs. ~$556M est.) and EPS $0.39 (vs. ~$0.31–0.32 est.); revenue rose ~9.1% year-over-year, and company commentary emphasized a constructive outlook, which underpinned the stock move. Ameresco Beats Q4 Earnings and Revenue Estimates (Zacks)
• Neutral Sentiment: Management provided detail in the earnings press release, slide deck and full earnings-call transcript — useful for assessing backlog composition, contract margins and timing but not new headline news by itself. Ameresco Reports Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Despite the beat, EPS declined sharply year-over-year (Q4 EPS $0.39 vs. $0.88 a year ago) and reported net margin remains thin (~3.3%), highlighting profitability pressure and potential execution risk on translating backlog into higher margins. Ameresco Q4 results and disclosures (MarketBeat)

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.