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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

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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Ameresco Completes OUTRIGGER Kauai Beach Resort & Spa’s Energy Efficiency Renovation as Part of 15-yr EaaS Agreement

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Ameresco, Inc. completes a $15.5 million energy efficiency renovation at OUTRIGGER Kauai Beach Resort & Spa under a 15-year Energy as a Service agreement. The project includes upgrading guest room fan coil units, central chiller plant, hot water distribution, electrical transformers, and exterior lighting with energy-efficient solutions. Ameresco will maintain and operate the new equipment for the duration of the agreement, showcasing a commitment to environmental stewardship and sustainability.
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Ameresco to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

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Ameresco, Inc. (NYSE:AMRC) will release its Q4 and full year 2023 financial results on February 28, 2024. The earnings press release and supplemental information will be available on the company's website. An earnings conference call will be hosted at 4:30 p.m. EDT the same day, with a live webcast available. Participants can pre-register to access the call.
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Ameresco Provides Updates on Southern California Edison Company (SCE) Projects and Financing Initiatives

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Ameresco, Inc. (AMRC) announces final testing stages for two SCE sites, engaging advisor for debt raise to support growth initiatives, and upcoming release of Q4 2023 financial results.
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Ameresco Awarded Contract from Warren Woods Public Schools for Transformative Sustainability Infrastructure Project

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Ameresco, Inc. (NYSE: AMRC) has been awarded an Energy Savings Performance Contract (ESPC) from Warren Woods Public Schools in Warren, Michigan. The collaboration aims to improve the district's facilities by promoting sustainability, energy efficiency, and financial resilience. The project will involve the implementation of advanced technologies and services, including new LED lighting, HVAC retrofits, geothermal systems, roofing, water efficiency, and solar integration. The estimated lifetime savings of the sustainability measures are $8.7 million over the next 25 years. Construction on the large-scale efficiency work is slated to begin in 2024 and is expected to reach completion by 2025.
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Ameresco Announces Completion of 27-Megawatt Solar Farm in Village of DePue, IL

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Ameresco, Inc. completes a 26.3 MW solar farm in DePue, Illinois, projected to produce 37,000 megawatt hours of green, emission-free energy in its first year. The solar farm will significantly advance Illinois' goal of reaching 25% renewable energy by 2025. The project will offset 25,947 metric tons of CO2 annually, equivalent to taking 5,509 passenger vehicles off the road for a year.
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Ameresco Receives Silver Award in 2024 Globee Awards For American Business

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Ameresco, Inc. (NYSE: AMRC) has been recognized as a company of the year in the Energy, Cleantech, and Environment category for their excellence and innovation in the industry.
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FAQ

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

The current stock price of Ameresco (AMRC) is $22.35 as of December 20, 2024.

What is the market cap of Ameresco (AMRC)?

The market cap of Ameresco (AMRC) is approximately 1.2B.

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

#2399 Ranked by Market Cap
N/A Ranked by Dividends

AMRC Stock Data

1.17B
31.93M
7.19%
100.21%
6.1%
Engineering & Construction
Construction - Special Trade Contractors
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United States of America
FRAMINGHAM