Ameresco (NYSE:AMRC) Posts Earnings Results, Misses Expectations By $0.06 EPS

Ameresco (NYSE:AMRC) announced its quarterly earnings data on Monday. The utilities provider reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06), FiscalAI reports. Ameresco had a return on equity of 4.49% and a net margin of 2.29%.The business had revenue of $401.46 million during the quarter, compared to the consensus estimate of $362.92 million. Ameresco updated its FY 2026 guidance to 1.060-1.280 EPS.

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

• Neogenyx Fuels JV: Ameresco signed a transformational agreement with HASI to form Neogenyx Fuels (70% Ameresco / 30% HASI) backed by a $400 million commitment — $300M into the JV to accelerate growth and $100M paid to Ameresco, implying a post‑money enterprise value of ~ $1.8 billion and monetizing part of its biogas value while retaining control.
• Solid operating momentum: total revenue was up 14% to $401M, project revenue grew 16%, O&M revenue rose 22%, awarded project backlog increased 20% to $2.8B and total project backlog reached $5.3B, driven by federal and infrastructure demand.
• Accounting and guidance impact from the JV: Ameresco will consolidate Neogenyx Fuels (including project‑level debt) but attribute 30% of adjusted EBITDA and net income to HASI as non‑controlling interest; revenue guidance remains unchanged and expected 2026 CapEx is $300–$350M with ~100–120 MW to be placed in service.
• Leadership and execution focus: Mike Bakas will become CEO of Neogenyx Fuels while Nicole Bulgarino and Lou Maltezos were promoted to Co‑Presidents (and Peter Christakis to COO), intended to sharpen execution across energy infrastructure and building efficiency as the company scales.
• Near‑term operational headwinds: adverse weather (freeze events at several RNG plants and snow‑related delays at solar sites) weighed on energy asset performance and contributed to a GAAP net loss of $18.3M, plus modest mark‑to‑market and FX losses this quarter.

Ameresco Stock Performance

AMRC stock traded up $0.06 during trading hours on Monday, reaching $31.42. The stock had a trading volume of 557,969 shares, compared to its average volume of 522,099. The stock has a market capitalization of $1.66 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.60 and a beta of 2.55. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a 50-day simple moving average of $27.20 and a 200 day simple moving average of $31.13. Ameresco has a fifty-two week low of $11.48 and a fifty-two week high of $44.93.

Insider Activity

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the completion of the sale, the director directly owned 14,111 shares in the company, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 16,920 shares of company stock valued at $574,440. 44.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ameresco

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ameresco by 2.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,501 shares of the utilities provider’s stock valued at $1,159,000 after buying an additional 799 shares during the last quarter. State of Wyoming acquired a new position in shares of Ameresco during the 4th quarter worth approximately $27,000. Swiss National Bank increased its holdings in shares of Ameresco by 1.6% during the 3rd quarter. Swiss National Bank now owns 63,800 shares of the utilities provider’s stock worth $2,142,000 after acquiring an additional 1,000 shares during the last quarter. Creative Planning raised its stake in Ameresco by 10.7% in the 3rd quarter. Creative Planning now owns 11,115 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,070 shares during the period. Finally, Amundi increased its stake in shares of Ameresco by 2.8% during the fourth quarter. Amundi now owns 51,576 shares of the utilities provider’s stock worth $1,511,000 after purchasing an additional 1,413 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMRC. B. Riley Financial lifted their price target on shares of Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. UBS Group decreased their price objective on Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $38.00 price target (up from $37.00) on shares of Ameresco in a research report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

About Ameresco

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.