Ameresco, Inc. - AMRC STOCK NEWS

Ameresco reported strong Q3 results, achieving revenues of $441.3 million, a 61% increase, with net income rising 57% to $27.4 million. GAAP EPS grew 55% to $0.51, while Adjusted EBITDA increased 44% to $57.9 million. The company affirmed its FY22 guidance, anticipating revenues between $1.83 billion and $1.87 billion. Notable project wins in Europe and advancements in energy storage projects with Southern California Edison were highlighted, alongside positive employee feedback leading to a Great Place to Work certification.

Ameresco, Inc. (NYSE: AMRC) has received the prestigious Energy Storage Canada’s 2022 Landmark Application of Energy Storage Award for its innovative microgrid and facility renewal project at the John Paul II Catholic Secondary School. This initiative features 2,700 solar panels, a geothermal system, a 2.2MWh energy storage system, and four electric vehicle charging stations, enabling the school to achieve carbon neutrality and reduce carbon emissions by approximately 277 tons annually. The project sets a blueprint for further educational institutions aiming for sustainable energy solutions.

Ameresco, Inc. (NYSE:AMRC) will host a Renewable Natural Gas (RNG) plant tour in Phoenix, AZ on Tuesday, November 15, 2022. Starting at 10 a.m. MT, the tour will showcase the US's largest wastewater treatment biogas-to-RNG facility, designed and operated by Ameresco. Following the tour, a lunch and Q&A session will be held at Courtyard by Marriott Phoenix West/Avondale at 11:30 a.m. MT. Interested analysts and investors can contact Ameresco's Investor Relations.

Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy recently held a groundbreaking ceremony for the Kūpono Solar Project in ‘Ewa, designed to generate 42 megawatts (MW) of renewable energy, powering about 10,000 homes in O‘ahu. The project, which includes a solar array and lithium-ion battery storage, will reduce carbon dioxide emissions by over 50,000 tons annually. This joint venture supports Hawaiian Electric's grid and aligns with the state’s 100% clean energy goal by 2045. Construction is set to finish in early 2024.

Ameresco, Inc. (NYSE:AMRC) will announce its third quarter 2022 financial results after market close on November 1, 2022. The earnings release will be available on the Company’s Investor Relations website. A conference call will take place at 4:30 p.m. ET, and participants can pre-register to access the call. Additionally, supplemental financial information will be shared via a Current Report on Form 8-K, which will also be accessible through the Investor Relations section of the website.

Ameresco, Inc. (NYSE:AMRC), a frontrunner in clean technology and energy efficiency, announces participation in Oppenheimer's Virtual ESG Summit on September 29, 2022. Executive VP and CFO Doran Hole will represent the company, hosting virtual investor meetings throughout the day. Founded in 2000 and headquartered in Framingham, MA, Ameresco provides energy efficiency and renewable energy solutions across North America and Europe, catering to various sectors including government and commercial clients.

Taylor Farms, North America's largest fresh foods producer, partners with Bloom Energy (NYSE: BE) and Ameresco (NYSE: AMRC) to create a microgrid at their California facility. The setup includes 6 MW of Bloom fuel cells, 2 MW of solar power, and a 2 MW/4 MWh battery. This system aims to provide reliable and independent energy, addressing California's forecasted energy shortfalls. The collaboration highlights Taylor Farms' commitment to sustainability and energy independence, ensuring fresh food reliability amidst rising energy challenges.

Ameresco, in partnership with Colorado Mountain College and Holy Cross Energy, is nearing completion of Colorado's largest solar array and battery storage facility, with a capacity of 5MW solar PV and 15MWH storage. The project is set for commercial operation this fall, aiming to supply renewable energy to approximately 1,000 homes. Notably, the project will help avoid annual greenhouse gas emissions equivalent to removing 1,481 vehicles and supports Colorado Mountain College's goal of carbon neutrality by 2050.

Ameresco has achieved the 2022-2023 Great Place to Work® certification, marking its first time receiving this recognition. The certification reflects employee feedback, emphasizing the company's positive workplace culture where employees feel valued and trusted. Ameresco is committed to employee investment and fostering sustainability leaders. The CEO, George Sakellaris, expressed pride in the certification, highlighting the company's focus on a sustainable future.