STOCK TITAN
  1. Home
  2. News
  3. AMRC

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

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.94%
Tags
none
-
News

Ameresco to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
earnings
-
News

Ameresco Provides Updates on Southern California Edison Company (SCE) Projects and Financing Initiatives

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.4%
Tags
none
News

Ameresco Awarded Contract from Warren Woods Public Schools for Transformative Sustainability Infrastructure Project

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.54%
Tags
none
-
News

Ameresco Announces Completion of 27-Megawatt Solar Farm in Village of DePue, IL

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.19%
Tags
none
-
News

Ameresco Receives Silver Award in 2024 Globee Awards For American Business

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
none
News

Ameresco wins Large Company of the Year Gold Award at the 2023 Best in Biz Awards

Rhea-AI Summary
Ameresco, Inc. (NYSE: AMRC) wins the Large Company of the Year award at the 2023 Best in Biz Awards for its sustainability efforts, including delivering a carbon offset equivalent to approximately 14.7 million metric tons of CO2 in 2022. The company was recognized for completing energy savings and environmentally friendly projects with federal, state, and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.23%
Tags
none
-
News

Hawaiian Electric Company Announces Ameresco Award for Two Clean Energy Projects Totaling 111 MW

Rhea-AI Summary
Ameresco, Inc. (NYSE:AMRC) has been selected in Hawaiian Electric Company’s clean energy procurement initiative to bring a cleaner and more resilient energy supply to Hawaii. The company was awarded two clean energy facilities located on the island of O‘ahu. The Pu`uloa Energy installation is designed to generate 99 megawatts (MW) of firm renewable power leveraging clean fuels including biodiesel and biogas fuels. The Pu`uloa Solar project is designed to provide Oahu with an additional 6.4 MW of solar generation combined with 6 MW/30 megawatt hours (MWH) of energy storage to provide solar after sunset when electricity use remains high. Pending successful negotiation of a power purchase agreement with Hawaiian Electric and approval by the Hawai‘i Public Utilities Commission, Pu`uloa Solar and Pu`uloa Energy as planned is expected to begin supplying electricity to customers by Q3 2026 and Q4 2027, respectively. Together these facilities will deliver clean, renewable energy, help reduce dependence on fossil fuels, and further support Hawaii’s pathway to increased energy independence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.58%
Tags
none
-
News

Ameresco Begins Construction with Sunel on Sonnedix’s 300MW of Design-Build Solar Park Projects Across the UK

Rhea-AI Summary
Ameresco, Inc. (NYSE: AMRC) and Sunel Group announced the construction of five ground-mounted solar PV parks in the UK. Once completed, the projects are expected to generate enough clean energy to power over 85,000 homes and reduce 58,000 metric tons of CO2 emissions annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.02%
Tags
none
News

HSGS-Ameresco LLC Awarded Contract to Construct 6.25MW Solar Generation Plant at Military Ocean Terminal Concord

Rhea-AI Summary
Hannah Solar Government Services- and Ameresco (HSGS-Ameresco, LLC) have secured a contract to construct a 6.25MW backup power generation plant and underground transmission lines at Military Ocean Terminal Concord (MOTCO) in Concord, California. The project, funded by the Department of Defense's Energy Resilience and Conservation Investment Program, aims to enhance energy resilience for the military facility and ensure non-interrupted mission critical activities. The joint venture was established through the SBA Mentor Protégé Program, facilitating growth and learning opportunities for HSGS as an energy provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none

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.

Stock AMRC logo
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
Link
United States of America
FRAMINGHAM