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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.

News

Ameresco Awarded Energy Savings Performance Contract to Upgrade Energy Efficiency & Modernize Historic Building in Columbia County, Oregon

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Ameresco, Inc. (NYSE: AMRC) has been awarded an Energy Savings Performance Contract (ESPC) from Columbia County, Oregon, to upgrade the historic John Gumm building's energy efficiency. The project includes modernization retrofits and expansions, such as upgrading boilers, HVAC, ventilation, lighting, and infrastructure solutions. The collaboration aims to enhance the building's functionality and capacity as part of a larger effort to improve county facilities.
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Ameresco to Announce First Quarter 2024 Financial Results on May 7, 2024

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Ameresco, Inc. (AMRC) will release its first quarter 2024 financial results on May 7, 2024. The earnings press release will be available on the company's website. An earnings conference call will be held at 4:30 p.m. EDT the same day, with supplemental information provided on a Current Report on Form 8-K.
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Ameresco Begins Construction of Biogas Cogeneration Project in Sacramento, California

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Ameresco, Inc. (AMRC) secures a $140M contract to develop a biogas cogeneration facility for the Sacramento Area Sewer District. The project will utilize biogas from the EchoWater Resource Recovery Facility to generate renewable electricity and heat, promoting environmental sustainability and resource recovery.
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Ameresco Announces Completion of Comprehensive Solar Project at Northeastern University

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Ameresco, Inc. completes a 157.78 kWp rooftop solar system installation at Northeastern University, expected to offset 146 metric tons of CO2 emissions annually. The system is fully operational, marking a milestone in the University's sustainability goals.
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Ameresco and Matchbook Learning Host Groundbreaking Ceremony for State-of-the-Art High School and Vocational Facility

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Ameresco, Inc. and Matchbook Learning Schools of Indiana are developing a new high school, The Match High School, partially funded by the U.S. Department of Energy's $5.3 million Renew America's Schools Grant. The school will offer vocational learning and early career exploration for grades 9-12, with Ameresco overseeing design, engineering, and construction. The project involves two buildings totaling $20 million in improvements and energy upgrades.
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Ameresco Announces a Contract for Efficiency Upgrades and Emissions Reductions at a Military Base in Western Canada

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Ameresco, Inc. announced a contract to upgrade 124 buildings at CFB Edmonton, aiming to save $2M/year and reduce greenhouse gas emissions by 27%. The project includes LED lighting, heating system upgrades, and more, creating environmental benefits and 125 new jobs.
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Public Schools of the Tarrytowns Select Ameresco for Energy Performance Contract

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Ameresco, Inc. (AMRC) announces a strategic partnership with the Public Schools of Tarrytowns to enhance sustainability and renewable energy efforts through lighting improvements, energy management systems upgrades, and a solar PV initiative. The project aims to bring significant energy savings, taxpayer relief, and support STEM learning for students.
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Ameresco Reports Fourth Quarter and Full Year 2023 Financial Results

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Ameresco, Inc. (NYSE:AMRC) reported significant Q4 revenue and profit growth driven by project backlog conversion. They achieved a record total project backlog of nearly $4B with $520M in new awards in Q4. The company guided to 38% Adj. EBITDA growth for 2024. Financial highlights include revenues of $1,374.6 million, net income of $62.5 million, and GAAP EPS of $1.17 for Q4 2023.
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Hawaiian Electric Company Announces Ameresco Award to Develop the 'Ūkiu Energy 40MW Renewable Energy Site

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Ameresco, Inc. secures a contract from Hawaiian Electric Company to develop a 40MW renewable energy site in Maui, enhancing grid reliability and supporting Hawaii's clean energy goals. The facility will feature biofuel-powered generators, offering firm renewable energy and flexibility. Ameresco's commitment includes community support and environmental initiatives, contributing to decarbonization efforts and reducing Maui's reliance on imported fuel sources.
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Ameresco Begins Operations of 5.2 MWe Renewable Natural Gas Plant at Republic Services’ Brickyard Landfill

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Ameresco, Inc. achieves commercial operation at its landfill gas to renewable natural gas plant, reducing over 27,000 tons of carbon dioxide emissions annually. The project serves as a model for innovative solutions in landfill management, contributing to a more sustainable future.
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FAQ

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

The current stock price of Ameresco (AMRC) is $26.13 as of November 21, 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.

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Ameresco, Inc.

NYSE:AMRC

AMRC Rankings

#2270 Ranked by Market Cap
N/A Ranked by Dividends

AMRC Stock Data

1.41B
31.93M
7.16%
100.14%
6.62%
Engineering & Construction
Construction - Special Trade Contractors
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United States of America
FRAMINGHAM