Ameresco Inc is a leading energy efficiency and renewable energy company that provides comprehensive solutions to enhance energy performance and sustainability for commercial, industrial, and government clients
The company specializes in developing and implementing innovative strategies that reduce energy consumption, lower costs, and promote the use of clean energy sources such as solar power and biomass. Through its focus on energy audits, renewable project management, and energy management services, Ameresco aims to create sustainable energy solutions that meet the evolving needs of its clients while contributing to a greener future.
Shares of energy and renewable energy projects company Ameresco (NYSEAMRC)
fell 32.9% in the afternoon session after the company reported weak fourth quarter results: its full-year EBITDA and revenue guidance fell short of Wall Street's estimates. On the other hand, Ameresco blew past analysts' EBITDA and its EPS outperformed Wall Street's estimates. Still, this was a weaker quarter.
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Energy and renewable energy projects company Ameresco (NYSEAMRC) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 20.7% year on year to $532.7 million. On the other hand, the company’s full-year revenue guidance of $1.9 billion at the midpoint came in 1.8% below analysts’ estimates. Its non-GAAP profit of $0.88 per share was 12.6% above analysts’ consensus estimates.
Ameresco’s stock price has taken a beating over the past six months, shedding 32.9% of its value and falling to $19.62 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and engineering industry, including Ameresco (NYSEAMRC) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and engineering stocks, including MDU Resources (NYSEMDU) and its peers.
Energy and renewable energy projects company Ameresco (NYSEAMRC) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 49.4% year on year to $500.9 million. The company expects the full year’s revenue to be around $1.75 billion, close to analysts’ estimates. Its non-GAAP profit of $0.32 per share was 39.1% below analysts’ consensus estimates.
Ameresco's stock is rising as the company announces its participation in the GRIP Program for the Pu'uloa Microgrid project, enhancing energy resilience in Hawaii.
