Ameresco (NYSE:AMRC) Announces Earnings Results, Misses Estimates By $0.06 EPS

Ameresco (NYSE:AMRC) released its earnings results on Monday. The utilities provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.06), FiscalAI reports. Ameresco had a net margin of 1.59% and a return on equity of 3.34%. The company had revenue of $401.46 million during the quarter, compared to analysts’ expectations of $362.92 million. During the same quarter last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. 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 Stock Down 2.1%

AMRC opened at $30.81 on Wednesday. The business’s 50-day simple moving average is $27.14 and its 200-day simple moving average is $31.04. The stock has a market capitalization of $1.63 billion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 2.61 and a beta of 2.55. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco has a one year low of $12.37 and a one year high of $44.93.

Insider Transactions at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00. Following the transaction, the director owned 14,111 shares in the company, valued at $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 16,920 shares of company stock worth $574,440. Company insiders own 44.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMRC. Wellington Management Group LLP grew its stake in Ameresco by 170.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,735,585 shares of the utilities provider’s stock worth $159,021,000 after buying an additional 2,981,689 shares during the last quarter. First Trust Advisors LP grew its stake in Ameresco by 503.4% during the 4th quarter. First Trust Advisors LP now owns 1,066,571 shares of the utilities provider’s stock worth $31,240,000 after buying an additional 889,820 shares during the last quarter. Invesco Ltd. grew its stake in Ameresco by 54.7% during the 3rd quarter. Invesco Ltd. now owns 575,173 shares of the utilities provider’s stock worth $19,314,000 after buying an additional 203,374 shares during the last quarter. Redwood Grove Capital LLC grew its stake in Ameresco by 36.0% during the 2nd quarter. Redwood Grove Capital LLC now owns 679,833 shares of the utilities provider’s stock worth $10,327,000 after buying an additional 179,943 shares during the last quarter. Finally, UBS Group AG grew its stake in Ameresco by 53.0% during the 3rd quarter. UBS Group AG now owns 449,053 shares of the utilities provider’s stock worth $15,079,000 after buying an additional 155,614 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. William Blair upgraded Ameresco to a “hold” rating in a research note on Tuesday, January 27th. Zacks Research cut Ameresco from a “hold” rating to a “strong sell” rating in a research note on Monday. Stifel Nicolaus restated a “buy” rating and issued a $38.00 price target (up from $37.00) on shares of Ameresco in a research note on Wednesday, March 11th. Weiss Ratings cut Ameresco from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Finally, B. Riley Financial raised 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. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.11.

Trending Headlines about Ameresco

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Large JV and strategic funding: Ameresco and HASI launched Neogenyx Fuels, a joint venture to scale advanced biofuels; HASI is investing $400M and the venture is valued at $1.8B — this is a major capital commitment and potential growth catalyst for Ameresco. BusinessWire: Ameresco and HASI JV
• Positive Sentiment: Revenue beat and growth: Q1 revenue of $401.5M topped estimates and rose ~13.8% year-over-year, showing demand momentum in Ameresco’s services and project pipeline. BusinessWire: Q1 Results
• Positive Sentiment: Earnings call highlights growth strategy: Management framed the quarter as part of a transformative growth path (projects, renewables, and fuels JV) that could support longer?term upside if execution continues. TipRanks: Earnings Call Highlights
• Neutral Sentiment: FY2026 guidance set but mixed vs. consensus: Ameresco gave EPS guidance of $1.06–$1.28 and revenue guidance roughly $2.0B–$2.2B; the EPS range overlaps consensus but the low end is below Street expectations, leaving investor discretion on whether this is conservative or a warning. Company: FY2026 Guidance (press materials)
• Neutral Sentiment: Analyst views mixed but leaning constructive: Broker consensus averages to a “Moderate Buy” even as some firms trimmed targets; Robert W. Baird cut its price target to $36 but kept an Outperform rating (signals confidence in long?term story despite near?term adjustments). Benzinga: Baird PT Change
• Negative Sentiment: EPS miss and margin pressure: Ameresco reported a ($0.33) EPS vs. ($0.27) expected — the loss widened versus last year — which raises near?term profitability concerns despite the revenue beat. Zacks: Q1 Loss, Revenue Beat
• Negative Sentiment: Zacks downgrade to Strong Sell: Zacks moved Ameresco to its Rank #5 (Strong Sell), which can accelerate selling pressure from momentum or quant funds and influences investor sentiment. Zacks: New Strong Sell Stocks
• Negative Sentiment: New regulatory & other risk disclosures: Filings highlighted broad/emerging regulatory risks beyond 2025, which may add to uncertainty around project permitting, incentives, and returns. TipRanks: Risk Disclosure

Ameresco Company Profile

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.