Ameresco
AMRC

$30.89

4.39%

Market Cap: 1.62B

About: Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operations and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.

Employees: 1,503

Industrials Construction Special Trade Contractors

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 10 analysts

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

3% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 37

1% more funds holding

Funds holding: 176 [Q4 2023] → 177 (+1) [Q1 2024]

10% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 61

17.85% less ownership

Funds ownership: 108.54% [Q4 2023] → 90.69% (-17.85%) [Q1 2024]

24% less capital invested

Capital invested by funds: $989M [Q4 2023] → $751M (-$238M) [Q1 2024]

57% less call options, than puts

Call options by funds: $2.24M | Put options by funds: $5.21M

100% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 0 (-2) [Q1 2024]

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Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$30

3%

downside

Avg. target

$35

13%

upside

High target

$40

29%

upside

10 analyst ratings

10 positive

100%

0 neutral

0%

0 negative

0%

Piper Sandler Kashy Harrison	20%upside $37	Overweight Maintained	22 Jul 2024
UBS William Grippin	26%upside $39	Buy Maintained	14 May 2024
Stifel Stephen Gengaro	4%upside $32	Buy Maintained	9 May 2024
Baird Ben Kallo	4%upside $32	Outperform Maintained	9 May 2024
Truist Securities Christopher Souther	20%upside $37	Buy Maintained	22 Apr 2024

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Financial journalist opinion

Based on 4 articles about AMRC published over the past 30 days

Media Advisory: United Power and Ameresco Celebrate Launch of Transformational Battery Energy Storage System (BESS) Asset to enhance Resiliency across Colorado's northern Front Range

--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC) WHAT: Ameresco, Inc., a leading cleantech integrator specializing in energy efficiency and renewable energy, and United Power, a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms, and businesses throughout Colorado's northern Front Range, are hosting a ribbon cutting ceremony on Monday, July 29, for the newly completed and successful operation of multiple Battery Energy Storage Systems (BESS). Spread across ei.

Media Advisory: United Power and Ameresco Celebrate Launch of Transformational Battery Energy Storage System (BESS) Asset to enhance Resiliency across Colorado's northern Front Range

Ameresco Announces a new Contract for a Battery Energy Storage System Asset with Snohomish County Public Utility District (PUD)

FRAMINGHAM, Mass. & EVERETT, Wash.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has signed a contract with Snohomish County Public Utility District (PUD) to construct a battery energy storage system (BESS) with a 20-year guaranteed capacity of 25 megawatts (MW) and 100 megawatt-hours (MWh). The installation represents the largest standalone battery project to date in the Pacific Northwes.

Ameresco Announces a new Contract for a Battery Energy Storage System Asset with Snohomish County Public Utility District (PUD)

Ameresco to Announce Second Quarter 2024 Financial Results on August 5, 2024

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its second quarter 2024 financial results after the close of the market on Monday, August 5, 2024. The earnings press release will be available on the “Investor Relations” section of the Company's website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. EDT the same day. In c.

Ameresco to Announce Second Quarter 2024 Financial Results on August 5, 2024

Ameresco Strengthens Balance Sheet With Debt Financing From Nuveen

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has successfully secured a $100M second lien debt financing with Nuveen Energy Infrastructure Credit. This strategic financial move underscores Ameresco's commitment to grow its business and provides balance sheet stability on attractive terms. “We're thrilled to be working with Nuveen, who have proven in short order to.

Ameresco Strengthens Balance Sheet With Debt Financing From Nuveen

Wall Street Favorites: 3 Solar Stocks With Strong Buy Ratings for June 2024

The International Energy Agency's Renewables 2023 report highlights the rapid expansion of renewable power capacity worldwide, which grew by 50% in 2023, led by China, Europe, the United States, and Brazil. Solar photovoltaic (PV) and wind accounted for most of this growth, emphasizing the significant potential of strong buy solar stocks.

Wall Street Favorites: 3 Solar Stocks With Strong Buy Ratings for June 2024

Ameresco and U.S. Army Unveil Advanced Renewable Energy System at Fort Detrick

FRAMINGHAM, Mass. & FREDERICK, Md.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the newly completed U.S. Army's advanced renewable energy system at U.S. Army Installation Fort Detrick in Maryland. This event marks the culmination of efforts to enhance the base's energy independence, sustainability, and potential for energy resiliency. Ameresco's energy asset activation is now live and featu.

Ameresco and U.S. Army Unveil Advanced Renewable Energy System at Fort Detrick

Ameresco Honored as Gold Stevie® Award Winner in 2024 American Business Awards® for Company of the Year – Energy

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, was today named the winner of a Gold Stevie® Award in the Company of the Year – Energy category in The 22nd Annual American Business Awards®. The American Business Awards are the U.S.A.'s premier business awards program. More than 300 professionals worldwide participated in the judging process to select this year's Stevie Award winners. Since i.

Ameresco Honored as Gold Stevie® Award Winner in 2024 American Business Awards® for Company of the Year – Energy

Ameresco to Participate at Upcoming Conferences

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that members of its management team will attend the following investor conferences: On May 29, 2024, Ameresco's Executive Vice President and Chief Financial Officer, Doran Hole, will host investor meetings at the Craig-Hallum 21st Annual Institutional Investor Conference. This event will take place at the Depot Renaissance Hotel i.

Ameresco to Participate at Upcoming Conferences

Ameresco Honored with SEAL Environmental Initiatives Award for Kūpono Solar Project in Hawaii

FRAMINGHAM, Mass. & O'AHU, Hawaii--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its Kūpono Solar project in Hawaii has been recognized with the prestigious SEAL Environmental Initiatives Award. This esteemed accolade, presented by SEAL (Sustainability, Environmental Achievement & Leadership) Awards, celebrates Ameresco's commitment to sustainability, innovation, and environmental leaders.

Ameresco Honored with SEAL Environmental Initiatives Award for Kūpono Solar Project in Hawaii

Ameresco Construction Underway for a $33 Million Energy Project to Reduce Emissions while Modernizing Infrastructure at Key U.S. National Archives and Records Administration Sites

FRAMINGHAM, Mass. & COLLEGE PARK, Md.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that construction is underway for a $33 million Energy Savings Performance Contract (ESPC) at the U.S. National Archives and Records Administration (NARA) sites in College Park, Maryland, and Washington, DC. The project is designed to enhance energy efficiency across NARA's facilities, leveraging Ameresco's i.

Ameresco Construction Underway for a $33 Million Energy Project to Reduce Emissions while Modernizing Infrastructure at Key U.S. National Archives and Records Administration Sites

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