Ameresco is rated Buy, with upside potential driven by a $1.5 billion awarded data center backlog—significantly larger than its $2 billion annual revenue base. AMRC's valuation trades at a discount to historical averages, reflecting market skepticism about converting awarded backlog into contracted revenue. Leverage is high at ~$1.82 billion in net debt (~7.5x EBITDA), but much is project-backed; cash flow remains negative, and interest expense is substantial.
The consensus price target hints at a 54.3% upside potential for Ameresco (AMRC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
While the top- and bottom-line numbers for Ameresco (AMRC) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
| Construction & Engineering Industry | Industrials Sector | George Sakellaris CEO | XSTU Exchange | 02361E108 CUSIP |
| US Country | 1,601 Employees | - Last Dividend | - Last Split | 22 Jul 2010 IPO Date |
Ameresco, Inc. stands as a pivotal leader in the clean technology sector, specializing in the integration of energy efficiency and renewable energy solutions. The company boasts a broad geographical presence, extending its services across the United States, Canada, Europe, and other international markets. Through a diversified operational framework that spans U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments, Ameresco caters to a wide array of customer needs. Since its establishment in 2000, with its headquarters in Framingham, Massachusetts, Ameresco has committed itself to advancing energy efficiency, infrastructure upgrades, energy security, asset sustainability, and the adoption of renewable energy. With a focus on reducing energy and operational costs for its clients, the company tailors its projects to enhance the efficiency of building systems, including heating, ventilation, air conditioning (HVAC), and lighting. Ameresco's ambition is further underscored by its ownership and operation of 185 small-scale renewable energy plants and solar photovoltaic (PV) installations as of December 31, 2023, showcasing its commitment to promoting renewable energy sources.
Ameresco designs, develops, engineers, and installs projects aimed at reducing the energy and operations and maintenance costs of facilities. These projects are customized to the facility's needs, focusing on enhancing the efficiency of building systems like HVAC and lighting.
The company excels in constructing small-scale plants that generate electricity, gas, heat, or cooling from renewable sources. This segment encapsulates Ameresco's commitment to reducing carbon footprints, with the provision of operations and maintenance services for these plants, underscoring their dedication to long-term renewable energy production.
Ameresco sells photovoltaic solar energy products and systems, contributing to the broader adoption of solar power by businesses and organizations. This offering highlights the company's role in harnessing solar power to meet the increasing demand for clean and renewable energy sources.
The operation of wind farms by Ameresco signifies its investment in wind as a sustainable and significant source of renewable energy. By including wind energy in its portfolio, Ameresco diversifies the renewable energy options available to its clients.
Ameresco provides consulting services and enterprise energy management solutions, aimed at advising businesses and organizations on the best practices for energy efficiency and sustainability. This service is crucial for clients seeking to optimize their energy usage and implement environmentally responsible practices.