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AMRC · Ameresco, Inc.

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$25.46 -0.43 (-1.66%) At close · Nov 13
Market Cap
$1.35B
Shares
53.11M
Volume · Nov 13 344.53K Avg daily vol (3M) 656.97K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$25.46 Open$25.62 Day$24.80–26.34 52W close$18.32–36.56 Avg vol 30d620K Short int5.0M · 9.4% of shares · 8.6d Short vol73% Last earningsNov 9, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 9

Up next

Mar 1, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 13
Current report 8-K Events of Nov 10
New $125 million European secured loan facility

Ameresco, Inc. subsidiary Ameresco Euro Holdco Limited entered a $125 million senior secured loan facility on November 10, 2026, with up to $100 million of uncommitted incremental loans and maturity on November 10, 2031.

Entered into a material agreement, New debt or off-balance-sheet obligation, Regulation FD disclosure Read from the first part of this long document
3 source passages
On November 10, 2026, Ameresco Euro Holdco Limited (the "Borrower"), an indirect subsidiary of Ameresco, Inc. (the “Company”), entered into a Credit Agreement (the “Credit Agreement”) with certain of its European subsidiaries, including the Company’s joint venture with Sunel Group (the “Sunel JV”), as guarantors (collectively, the “Guarantors”), Ameresco Euro Pledgor LLC, as parent pledgor, the lenders from time to time party thereto (the “Lenders”), and EPIC Administration LLC, as administrative agent (the “Administrative Agent”). The Credit Agreement provides for a senior secured loan facility in an aggregate principal amount of $125 million (the “Loan Facility”). In addition, the Borrower may request uncommitted incremental loans in an aggregate principal amount not to exceed $100 million, subject to the conditions set forth in the Credit Agreement (the “Incremental Facility”). The loans mature on November 10, 2031. Open the document at this passage
Nov 9
Earnings call
Revenue rises 10% as backlog nears $7.2 billion

Ameresco reported 10% revenue growth to $580 million, $875 million in new project awards and nearly $7.2 billion of awarded and contracted backlog, up almost 40% year over year.

4 source passages
Total revenue increased 10% to $580 million, reflecting strong execution across our three major business lines, as well as excellent business development activity. New project awards of $875 million marked one of the company's strongest quarters for awards on record. Thanks to the team's hard work this quarter, our total backlog, awarded and contracted, has grown to nearly $7.2 billion, up almost 40% from this time last year, giving us revenue visibility for many years to come. We look forward to connecting with many of you at upcoming meetings, conferences, and events. In closing, I want to once again thank our employees, customers, and stockholders for their continued support and confidence in Ameresco. Open the document at this passage
Nov 9
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue rose 10.8%, but common-share income fell 79.6%

Ameresco reported nine-month revenues of 1,497,239 thousand US dollars, up 10.8%, while net income attributable to common shareholders fell 79.6% to 18,886 thousand US dollars. Total project backlog reached 7,154,282 thousand US dollars from 5,141,191 thousand US dollars.

Revenue $580.32M ▲ 10.3% Net income $31.88M ▼ 56.9% Diluted EPS $0.59 ▼ 57.6%
Read from the MD&A section
4 source passages
Ameresco is a leading energy infrastructure company delivering integrated solutions that help customers create reliable power and modernize infrastructure. | Revenues | 1,497,239 | | 100.0 | % | | 1,351,100 | | 146,139 | | 10.8% | | Net income attributable to common shareholders | 18,886 | | 1.3 | % | | 92,703 | | 6.9 | % | | (73,817) | | (79.6)% | | Total project backlog | 7,154,282 | | 5,141,191 | | Open the document at this passage
Nov 9
Current report 8-K
Third-quarter revenue rises 10%, backlog reaches $7.2 billion

Ameresco reported third-quarter revenue of $580.3 million, up 10%, Adjusted EBITDA of $91.7 million, up 24%, and total project backlog of $7.2 billion. New awards totaled $875 million; guidance was adjusted for adoption of HLBV accounting.

Financial results Read from the first part of this long document
6 source passages
Ameresco, Inc. Total revenue increased 10% to $580.3 million Adjusted EBITDA increased 24% to $91.7 million. 39% Total Backlog Growth to Record $7.2 Billion $875 Million in New Project Awards Led by Strong Momentum in Europe and Federal In Q3 we adopted HLBV accounting related to the Neogenyx Fuels transaction. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.88B
Trailing 12 months
Net income (TTM)
$99.83M
Trailing 12 months
Revenue growth YoY
+10.3%
Year over year
Operating margin
6.5%
Trailing 12 months
P / E (TTM)
13.8
Trailing earnings · reciprocal yield 7.3%
FCF yield
3.7%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+0.6%
Year over year · more shares
Price change (1Y)
-19.2%
Trailing year
Short interest
9.4%
Latest settlement · 8.6 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 9, 2026
Q3 FY26

TL;DR. Ameresco delivered 10% revenue growth, expanded gross margin and 24% adjusted EBITDA growth, while record $7.2 billion backlog was supported by $875 million of new awards and $737 million of conversions; updated FY 2026 guidance calls for $2.13 billion to $2.15 billion of revenue and $295 million to $305 million of adjusted EBITDA. Risks included lower net income and non-GAAP EPS, negative Q3 operating cash flow, sharply higher equipment costs, plant outages, and five data-center projects still requiring permitting, customer contracts and equipment lock-in before conversion.

Bullish
  • + Total revenue increased 10% to $580.3 million, with growth across Projects, Energy Assets and O&M.
  • + Gross margin expanded to 18.7% on favorable business mix, strong execution and lower energy-asset depreciation.
  • + Adjusted EBITDA increased 24% to $91.7 million.
Bearish
  • − Neogenyx operating plants experienced outages, including one exceeding six weeks.
  • − Q3 cash flows from operating activities were negative at $(8.9) million.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Buy Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg −2%
below
Price vs 50-day avg +17%
above
RSI (14) 61
neutral
MACD trend Positive
52-week position 39%
mid-range
Momentum
relative strength
Weak
1-month return +31%
trailing
6-month return −28%
trailing
YTD return −13%
this year
Relative strength −29%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $22 › 200d $26 — 200d above 50d
Institutional flow Accumulating
167 of 188 funds reported for Sep 30 · net +1.5M sh shares · +28 new
Insider flow Accumulating
Net +$738.4K over 90 days · 0% sells
Short interest Rising
9.45% of shares out · ▲ +0.6% MoM · 8.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
188 holders — mid 3-yr range
Squeeze score 73
high risk · 0–100
Fundamentals
Excellent
Revenue growth +29%
Y/Y
Gross margin 14%
contracting
EPS growth +202%
Y/Y
Free cash flow $113.3M
Buyback $5.7M
remaining
Quant / Vol
risk profile
Very High
Volatility 74%
annualized · 1-yr
Max drawdown −50%
past year
ATR 7.3%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 6 of last 7
Latest guidance · from the Earnings Call filed Aug 3, 2026
Non-GAAP EPS · full-year 2026 Non-GAAP Raised $1.15 – $1.35
May 4, 2026 $1.06 – $1.28 changed to Aug 3, 2026 $1.15 – $1.35
Previous outlook earlier release · from the 8-K filed Mar 2, 2026

Still-open targets the latest release did not restate under the same label.

Interest Expense Net · FY 2026 $95M – $100M
Prior guidance period ended · from the 8-K filed May 4, 2026
Adjusted EBITDA · Q2 2026 $58M – $62M
Non-GAAP EPS · Q2 2026 $0.18 – $0.23
Guided vs delivered · last 7 settled
Revenue 2024 Guidance
guided $1.38B – $1.7B
$1.77B Beat +15.1%
Revenues first quarter of fiscal 2024
guided $225M – $275M
$298.41M Beat +19.4%
Revenue FY 2023
guided $1.32B – $1.37B
$1.37B Beat +2.4%
Revenue first quarter 2023
guided $220M – $240M
$271.04M Beat +17.8%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
0 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−2% Neutral
Price vs 50-day avg
+17% Bullish
RSI (14)
61 Neutral
MACD trend
Positive Bullish
52-week position
39% Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $22 › 200d $26 — 200d above 50d
Institutional flow Accumulating
167 of 188 funds reported for Sep 30 · net +1.5M sh shares · +28 new
Insider flow Accumulating
Net +$738.4K over 90 days · 0% sells
Short interest Rising
9.45% of shares out · ▲ +0.6% MoM · 8.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
188 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $18 Now $25 · 39% Range high $37
vs 200-day avg -2% vs 50-day avg +17%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
12-month Contracted Backlog $1.1B At June 30, 2026 —
Adjusted EBITDA non-GAAP 103.28M Six Months Ended June 30, 2026 —
Adjusted EBITDA margin non-GAAP 11.3% Six Months Ended June 30, 2026 —
Ameresco's Net Assets in Development 513 At June 30, 2026 —
Awarded Project Backlog $4.42B At June 30, 2026 —
Contracted Project Backlog $2.3B At June 30, 2026 —
Energy Asset Book Value $2.24B June 30, 2026 —
Energy Assets in Development & Construction 513 As of 6/30/2026 —
Energy Assets in Operation 822 As of 6/30/2026 —
Energy Debt Advance Rate 69% June 30, 2026 —
New Awards $1.84B At June 30, 2026 —
Non-GAAP Adjusted cash from operations non-GAAP -$3.29M Six Months Ended June 30, 2026 —
Non-GAAP EPS non-GAAP -$0.13 Six Months Ended June 30, 2026 —
Non-GAAP net income (loss) non-GAAP -$7.04M Six Months Ended June 30, 2026 —
O&M Backlog 1.5B As of 6/30/2026 —
Rolling 8-quarter Average Adjusted CFO non-GAAP 30M Q2 2026 —
Total Corporate Debt $384.8M June 30, 2026 —
Total Energy Asset Debt $1.55B June 30, 2026 —
Total Energy Asset Visibility $3.24B At June 30, 2026 —
Total O&M Revenue Backlog $1.52B At June 30, 2026 —
Total Operating Energy Assets 822 At June 30, 2026 —
Total Project Backlog $6.73B At June 30, 2026 —
Total Revenue Visibility $11.49B At June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Engineering & Construction — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
AMRC
Ameresco, Inc.
this stock
$1.35B -13.1% +28.8% — 9.4%
PWR
Quanta Services, Inc.
$90.71B +42.6% +13.4% 54.5 2.3%
FER
Ferrovial N.V.
$44.32B -4.5% — — 0.7%
FIX
Comfort Systems USA Inc
$38.92B +19.2% -73.9% 24.0 2.5%
EME
EMCOR Group, Inc.
$28.87B +7.8% +16.6% 19.1 1.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
186
% held
69.5%
Reported
167 of 188
Top holder
WELLINGTON MANAGEMENT GRO…
Held Float
View
Held by Funds
Fund positions
217
View
Short & Settlement
Short Interest Rising
Shares short
5.0M
Days to cover
8.6d
Change
+31.9K sh
View
Short Volume
Short vol %
73%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
5.5K
Value
$115.9K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
36.4%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Cluster buy
Net (90d)
+$738.4K
Buyers / Sellers
4 / 0
Buyers Sellers
View
Congressional Trades Sell
Member
Susie Lee
Amount
$1.0K–$15.0K
Traded
Jun 17, 2021
View
Financials
Financials
Revenue (FY)
$1.8B
Net income (FY)
$173.6M
EPS diluted
$3.23
View
Buybacks
Authorized
$17.6M
Remaining
$5.7M
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 13, 2026
This year
22

Ameresco, Inc. subsidiary Ameresco Euro Holdco Limited entered a $125 million senior secured loan facility on November 10, 2026, with up to $100 million of uncommitted incremental loans and maturity on November 10, 2031.

View
Proposed Sales
Value
$180.6K
Shares
5.0K
Filed
May 29, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 9, 2026
View
Investor Relations
Latest news
Ameresco Secures $125 Million Fin…
Published
Nov 12, 2026
View

Performance

5D 20D 120D MTD YTD
AMRC +17.8% +30.6% -28.3% +25.4% -13.1%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +15.2% +31.7% -28.8% +25.5% -23.7%

Capital returns

Buyback program · as of Jun 30, 2026
Authorized
$17.60M
Spent (derived)
$11.90M
Remaining
$5.70M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1488139 CUSIP 02361E108 13F (30d) 149 filings 129 filers Visit website Investor relations