Ameresco (NYSE:AMRC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Ameresco (NYSE:AMRC) posted its quarterly earnings results on Monday. The utilities provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06), FiscalAI reports. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. The business had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Ameresco updated its FY 2026 guidance to 1.060-1.280 EPS.

Here are the key takeaways from Ameresco’s conference call:

• Neogenyx Fuels JV: Ameresco signed a transformational agreement with HASI to form Neogenyx Fuels (70% Ameresco / 30% HASI) backed by a $400 million commitment — $300M into the JV to accelerate growth and $100M paid to Ameresco, implying a post?money enterprise value of ~ $1.8 billion and monetizing part of its biogas value while retaining control.
• Solid operating momentum: total revenue was up 14% to $401M, project revenue grew 16%, O&M revenue rose 22%, awarded project backlog increased 20% to $2.8B and total project backlog reached $5.3B, driven by federal and infrastructure demand.
• Accounting and guidance impact from the JV: Ameresco will consolidate Neogenyx Fuels (including project?level debt) but attribute 30% of adjusted EBITDA and net income to HASI as non?controlling interest; revenue guidance remains unchanged and expected 2026 CapEx is $300–$350M with ~100–120 MW to be placed in service.
• Leadership and execution focus: Mike Bakas will become CEO of Neogenyx Fuels while Nicole Bulgarino and Lou Maltezos were promoted to Co?Presidents (and Peter Christakis to COO), intended to sharpen execution across energy infrastructure and building efficiency as the company scales.
• Near?term operational headwinds: adverse weather (freeze events at several RNG plants and snow?related delays at solar sites) weighed on energy asset performance and contributed to a GAAP net loss of $18.3M, plus modest mark?to?market and FX losses this quarter.

Ameresco Trading Up 0.2%

Shares of Ameresco stock opened at $31.42 on Tuesday. Ameresco has a 12-month low of $11.48 and a 12-month high of $44.93. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.66 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.60 and a beta of 2.55. The company has a 50-day moving average of $27.20 and a two-hundred day moving average of $31.13.

More Ameresco News

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Announced a strategic JV with Hannon Armstrong (HASI) to form Neogenyx Fuels; HASI is committing $400M and the venture is valued at $1.8B, giving Ameresco scale and capital to accelerate advanced biofuels growth — a meaningful pathway to higher future revenue and asset value. Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels
• Positive Sentiment: Q1 revenue beat: Ameresco reported $401.5M vs. consensus ~$362.9M, a 13.8% y/y revenue increase — evidence of demand momentum across its energy-efficiency and renewable projects. Ameresco Reports First Quarter 2026 Financial Results
• Positive Sentiment: Brokerage coverage is constructive: recent survey/compilation shows an average rating of “Moderate Buy,” which can support investor sentiment and liquidity. Ameresco, Inc. (NYSE:AMRC) Receives Average Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Updated FY2026 guidance is mixed: EPS guided to $1.06–$1.28 (consensus ~1.15) and revenue guided to $2.0–$2.2B (consensus ~2.1B). The range leaves room for upside but the midpoint is roughly in line/slightly below expectations, so near-term analyst revisions are possible. Ameresco Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Earnings call and management commentary emphasize a “transformative growth path” and project-level visibility; read the transcript/notes for execution milestones and timing that could move the stock. Ameresco, Inc. (AMRC) Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS miss: reported a loss of ($0.33) vs. consensus ($0.27), missing estimates — this keeps short-term focus on profitability and cash conversion. Ameresco (AMRC) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Profitability metrics remain thin (net margin ~2.3%, ROE ~4.5%), and the company carries leverage (debt/equity ~1.56) — execution risks or slower project ramps could pressure multiples if margins don’t improve. Ameresco Q1 results and metrics

Analysts Set New Price Targets

AMRC has been the topic of a number of analyst reports. B. Riley Financial lifted their price target on Ameresco from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $38.00 target price (up from $37.00) on shares of Ameresco in a report on Wednesday, March 11th. Weiss Ratings cut shares of Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Finally, UBS Group dropped their target price on shares of Ameresco from $40.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Insider Activity at Ameresco

In other news, Director Nickolas Stavropoulos sold 15,700 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director directly owned 14,111 shares in the company, valued at $481,890.65. This represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 16,920 shares of company stock valued at $574,440 in the last quarter. 44.96% of the stock is owned by corporate insiders.

Institutional Trading of Ameresco

Several large investors have recently modified their holdings of the business. Empowered Funds LLC grew its position in shares of Ameresco by 70.6% in the fourth quarter. Empowered Funds LLC now owns 207,932 shares of the utilities provider’s stock valued at $6,090,000 after purchasing an additional 86,047 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $824,000. Tudor Investment Corp ET AL grew its position in shares of Ameresco by 214.6% in the fourth quarter. Tudor Investment Corp ET AL now owns 222,120 shares of the utilities provider’s stock valued at $6,506,000 after purchasing an additional 151,520 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Ameresco in the fourth quarter valued at approximately $55,000. Finally, Millennium Management LLC grew its position in shares of Ameresco by 164.0% in the fourth quarter. Millennium Management LLC now owns 136,089 shares of the utilities provider’s stock valued at $3,986,000 after purchasing an additional 84,542 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas?to?energy, energy storage and microgrid installations.