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Ameresco, Inc. - AMRC STOCK NEWS

Welcome to our dedicated page for Ameresco news (Ticker: AMRC), a resource for investors and traders seeking the latest updates and insights on Ameresco stock.

Ameresco, Inc. (NYSE: AMRC) is a pioneering, comprehensive energy efficiency and renewable energy company. With headquarters in Framingham, Massachusetts, Ameresco operates across North America and Europe. Founded in 2000, Ameresco offers a wide array of solutions aimed at reducing costs, enhancing energy security, and shifting towards clean, renewable sources of power. The company is known for its energy audits, innovative engineering, and large-scale solar farms. Its projects span governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities.

Ameresco's core operations involve developing and managing energy efficiency solutions, utility-scale solar farms, and deep energy retrofits. The company's extensive portfolio includes solar energy products and systems such as PV panels, solar regulators, inverters, and solar-powered lighting systems. These projects not only help in reducing emissions but also contribute to significant cost savings and energy resiliency.

Recent achievements highlight Ameresco's commitment to sustainability. The company was awarded a $47 million cleantech project in partnership with Memphis Light, Gas, and Water, recognized for its innovative, cost-effective, and sustainable design. Another notable project is the energy-efficient solar arrays installation, projected to generate 230 KW in collaboration with Wakefield Municipal Gas & Light Department.

Ameresco's financial performance remains robust with a reported revenue of $298.4 million for Q1 2024. The company maintains a strong project backlog exceeding $4 billion and operates over 750 MWe of energy assets. Ameresco continues to secure new projects such as the $33 million Energy Savings Performance Contract with the U.S. National Archives and Records Administration and the 300 MW battery energy storage project in the UK.

To learn more about the innovative projects and sustainable solutions offered by Ameresco, visit their website.

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Ameresco, Inc. (NYSE:AMRC) has announced its first investor day to be held on March 23, 2022, in New York City, starting at 2:30 p.m. ET. The event, initially scheduled for mid-January 2022, was postponed due to the COVID-19 Omicron variant surge. Attendees can expect interactive presentations from the leadership team, focusing on growth opportunities and the company's innovative energy solutions. Ameresco aims to clarify its integrated business model and long-term growth strategies centered around energy efficiency and sustainability.

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Ameresco successfully completed an $18.6 million project replacing over 8,000 high-pressure sodium streetlights with energy-efficient LEDs in the Portland Metro area. This initiative, funded by an energy savings performance contract, is expected to reduce carbon emissions by 3,500 metric tons annually. The project, which began in May 2020 and concluded in December 2021, also upgraded lighting in 13 tunnels in ODOT Region 1. The LED lights boast a lifespan of 15-20 years, significantly outlasting traditional lighting.

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Ameresco, Inc. (NYSE:AMRC) will release its fourth quarter and full year 2021 financial results on February 28, 2022, after market close. The earnings press release will be accessible via the Company's Investor Relations section on its website, followed by a conference call at 4:30 p.m. ET. Participants can join the call by dialing +1 (877) 359-9508 domestically or +1 (224) 357-2393 internationally, with a passcode of 7944909. A live webcast will also be available online.

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Ameresco, Inc. (NYSE: AMRC) has announced the commencement of the Slemon Park Microgrid project in collaboration with PEI Energy Corporation. The project, which broke ground in December 2021, will include a 10-MW solar facility with integrated energy storage solutions to enhance energy efficiency in Prince Edward Island. It is projected to offset approximately 4500 tonnes of CO2e/year over its lifespan, supporting the province's goal of achieving Net Zero energy by 2030.

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Ameresco, Inc. (NYSE: AMRC) announced that Nicole Bulgarino, Executive VP and GM of Federal Solutions, has been honored in the 2021 Environment + Energy Leader 100 list. This recognition showcases individuals pioneering innovative solutions in environmental and energy management. Over her career, Ms. Bulgarino has led the implementation of more than $2 billion in Federal projects for government agencies including the Department of Defense and Energy. The E+E 100 list celebrates key contributors to sustainability and energy success.

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Ameresco (NYSE: AMRC) has partnered with Merthyr Tydfil Council on a £1.09 million energy conservation project. This initiative aims to modernize infrastructure across 31 council sites, including the installation of solar PV systems and LED lighting. Estimated savings from the project are over £136,000 annually, with a goal to reduce carbon emissions by 251 tonnes per year. The construction is scheduled for completion in March 2022, aligning with Merthyr Tydfil's objective to achieve net zero carbon emissions by 2030.

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Ameresco, Inc. (NYSE: AMRC) announced its recognition as a finalist in the 23rd annual S&P Global Platts Global Energy Awards. The company is shortlisted for the Rising Star Individual category for Executive Vice President Nicole Bulgarino, who has overseen over $2 billion in federal energy projects. Additionally, Ameresco's solar project with Hamilton Southeastern Schools is a finalist for the Construction Project of the Year award. Winners will be announced at a black-tie gala on December 9 in New York City.

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Ameresco, Inc. (NYSE: AMRC) has completed a project with the Hazelwood School District, implementing LED lighting upgrades across 34 buildings. This initiative is projected to save over $1,250,000 in utilities, operations, and maintenance costs. This partnership, which began 18 years ago, aims to improve energy efficiency and enhance the learning environment for students. The project was recognized with two energy savings awards from Ameren Missouri. Construction was completed in July 2021, further solidifying Ameresco's commitment to sustainability and energy solutions.

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FAQ

What is the current stock price of Ameresco (AMRC)?

The current stock price of Ameresco (AMRC) is $26.37 as of November 22, 2024.

What is the market cap of Ameresco (AMRC)?

The market cap of Ameresco (AMRC) is approximately 1.4B.

What is Ameresco, Inc.?

Ameresco, Inc. (NYSE: AMRC) is a comprehensive, integrated energy efficiency and renewable energy company operating across North America and Europe.

What type of projects does Ameresco focus on?

Ameresco focuses on energy efficiency solutions, utility-scale solar farms, deep energy retrofits, and solar energy products and systems.

Where is Ameresco headquartered?

Ameresco is headquartered in Framingham, Massachusetts.

What are some recent achievements of Ameresco?

Recent achievements include a $47 million cleantech project with Memphis Light, Gas, and Water, and the installation of 230 KW solar arrays in collaboration with Wakefield Municipal Gas & Light Department.

How does Ameresco contribute to sustainability?

Ameresco contributes to sustainability by developing projects that reduce emissions, increase energy efficiency, and promote the use of renewable energy sources.

What kind of products does Ameresco provide?

Ameresco provides solar energy products and systems such as PV panels, solar regulators, inverters, and solar-powered lighting systems.

How is Ameresco performing financially?

Ameresco reported a revenue of $298.4 million for Q1 2024 and has a project backlog exceeding $4 billion.

What is Ameresco's market presence?

Ameresco has a significant market presence in North America and Europe, providing local expertise with over 1,500 employees.

Who are some of Ameresco's clients?

Ameresco's clients include federal, state, and local governments, utilities, healthcare and educational institutions, housing authorities, and commercial and industrial customers.

Where can I find more information about Ameresco?

More information about Ameresco can be found on their website at www.ameresco.com.

Ameresco, Inc.

NYSE:AMRC

AMRC Rankings

AMRC Stock Data

1.37B
31.93M
7.16%
100.14%
6.62%
Engineering & Construction
Construction - Special Trade Contractors
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United States of America
FRAMINGHAM