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

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

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

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

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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.
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Ameresco Announces Battery Energy Storage System Contract with Silicon Valley Power

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Ameresco, Inc. (NYSE: AMRC) will construct a 50-megawatt battery energy storage system (BESS) named Kifer Energy Storage LLC to enhance Silicon Valley Power’s system reliability and flexibility. The BESS, with a 25-year lease, will efficiently acquire surplus renewable electricity, integrate renewables, and decrease reliance on gas-fired generation, mitigating greenhouse gas emissions. The project aims to be fully operational by Q4 2025.
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Ameresco to Participate at Upcoming Conferences

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Ameresco, Inc. (NYSE:AMRC) announced that its management team will attend several investor conferences, including the Baird Global Industrial Conference, BofA Securities 2023 Renewables Conference, and BofA Securities Battery Storage Conference. These events will feature fireside chats and investor meetings with key members of Ameresco's management team.
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Ameresco Reports Third Quarter 2023 Financial Results

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Ameresco, Inc. reported Q3 2023 financial results with revenues of $335.1 million and net income of $21.3 million. The company experienced project delays and asset downtime, resulting in lower-than-expected results. However, the total project backlog increased by 14% sequentially, with $708 million in new awards. Ameresco secured over $500 million in financing commitments and increased net assets in development by over 50 MW in the quarter.
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Ameresco Landfill Gas to Renewable Natural Gas Plant Operations Begin at Republic Services’ Benson Valley Landfill

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Ameresco achieves commercial operation at landfill gas to renewable natural gas plant in Kentucky
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Ameresco Named Finalists for the 2023 S&P Global Commodity Insights Global Energy Awards

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Ameresco and its executive, Michael Bakas, have been named finalists for the S&P Global Commodity Insights Global Energy Awards. The company's project with Colorado Mountain College and Holy Cross Energy is also a finalist.
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Ameresco and Schaeffler Aerospace Canada Inc. Announce Collaboration for Clean Cooling, Heating and Air Quality Decarbonization Project

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Ameresco and Schaeffler Aerospace Canada collaborate on a large-scale energy efficiency project
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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