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Ameresco (AMRC) Stock News, Mar-Apr 2025

AMRC NYSE

Ameresco, Inc. reports news about energy infrastructure solutions that help customers reduce energy use, modernize facilities, improve resiliency, and add distributed energy resources. Recurring updates include earnings releases, project awards, backlog trends, renewable energy assets, operations and maintenance activity, and energy efficiency work for government, education, healthcare, utility, data center, housing authority, and commercial customers.

Company announcements also cover solar installations, HVAC and LED upgrades, performance savings contracts, renewable fuels and biogas activities, sustainability reporting, and strategic capital actions tied to its energy asset portfolio. Ameresco operates across North America and Europe through segments that include North America Regions, U.S. Federal, Renewable Fuels, Europe, and other activities.

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Ameresco (NYSE:AMRC) has scheduled the release of its first quarter 2025 financial results for Monday, May 5, 2025, after market close. The company will host an earnings conference call at 4:30 p.m. EDT the same day.

The earnings press release and supplemental financial information will be accessible through the Investor Relations section of Ameresco's website. The supplemental information will be filed on Form 8-K.

Interested participants can join the conference call using the following dial-in numbers:

  • USA & Canada (Toll-Free): 1-888-596-4144
  • International: 1-646-968-2525
  • Conference ID: 5277775
A live webcast will be available through the company's website, with a recorded version accessible for one year after the call.

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Ameresco (NYSE: AMRC) has successfully completed a $7M solar-integrated covered parking project at Killeen Regional Airport in Texas. The 1.2 MW project features solar arrays serving the terminal, rental lot, and short-term parking lot, along with comprehensive LED lighting upgrades.

The initiative includes a covered pedestrian walkway connecting the terminal to the rental lot and is expected to offset 68% of the airport's purchased electricity. The project was funded through the Federal Aviation Administration (FAA) Airport Terminals Program, with a $5 million grant award.

This marks Killeen's first major solar project, demonstrating the city's commitment to environmental stewardship. The completion was celebrated with a ribbon-cutting ceremony attended by Mayor Debbie Nash-King, Airport Executive Director Mike Wilson, and Ameresco representatives.

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Ameresco (NYSE: AMRC) has secured two prestigious awards in the 2025 Environment+Energy Leader Awards for innovative energy projects. The company's collaboration with CPower at Fort Detrick won Top Software Implementation Project for a 6 MW / 6 MWh battery energy storage system integrated with an existing 18.6 MW DC solar facility, capable of powering 2,720 homes annually.

The second award, Top Energy Innovation Project, recognizes Ameresco's solar solution at London Stadium, featuring a 6,500 square-meter lightweight flexible photovoltaic installation expected to generate 0.85 million kWh of clean energy yearly. This innovative design overcame unique challenges including weight restrictions and complex shading patterns.

The E+E Leader Awards, judged by experts from companies including Hyundai Motor Group, JLL, and UCLA, highlight solutions that provide environmental and energy benefits while improving bottom-line results.

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Ameresco (NYSE: AMRC) and CPower Energy have received the E+E Leader Product & Project Awards' 'Judges' Choice' distinction for their Advanced Renewable Energy System project at U.S. Army Garrison Fort Detrick in Maryland. The project showcases innovation in energy resilience and grid support.

The implementation includes a 6 MW / 6 MWh battery energy storage system (BESS) added to Fort Detrick's existing 18.6 MW DC solar facility. By connecting the battery to CPower's Virtual Power Plant (VPP), Ameresco generates revenue through PJM's Ancillary Services and Economic programs while maintaining power quality for local communities.

The project demonstrates how batteries can provide rapid grid support while maximizing customer benefits. Future developments may include integration into a microgrid system for backup power support during outages, enhancing the Army's mission-critical operations.

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Ameresco (NYSE: AMRC) has partnered with the City of Hurst, Texas for a $9 million project to modernize water management infrastructure. The initiative includes replacing residential and commercial water meters and implementing advanced metering infrastructure (AMI) technology.

The project, which began in February 2024 with field surveys and meter testing, will feature mass meter deployment starting in May 2025. Key components include:

  • Installation of new AMI technology
  • Web-based customer portal for monitoring daily water consumption
  • Lead-line and copper surveys to meet EPA requirements
  • GPS coordinate collection for all accounts

This upgrade aims to address significant water waste concerns, as the EPA reports average American families waste up to 9,400 gallons annually. With 40 out of 50 U.S. state water managers expecting water shortages within the next decade, this technology will help the city better manage water resources and provide residents with improved usage monitoring capabilities.

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Ameresco (NYSE: AMRC) has completed a solar PV project at the Tri-County Career Center in Nelsonville, Ohio, featuring a new 185kW DC solar system with bi-facial solar panels. The innovative system, installed as part of a roof replacement project, is designed to provide up to 20% of the annual energy needs for two buildings while reducing CO2 emissions by 161 tons annually.

The project uniquely involved high school students from the Center's Electrical Trades Program, who gained hands-on experience during the three-week installation of 343 solar panels. Students participated in material handling, racking construction, and panel installation, aligning with Ameresco's initiative to build a future resilient energy workforce.

According to Ameresco's 2024 survey of 600 Gen Z and Millennial workers, 81% expressed interest in renewable energy careers despite understanding of the field. The project serves dual purposes: reducing the Career Center's energy costs and providing practical training in an industry projected to add approximately 1.5 billion jobs annually over the next decade.

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Ameresco (NYSE: AMRC) and Hannah Solar Government Services have successfully completed a $10.9 million Water Resiliency Microgrid Project at White Sands Missile Range (WSMR). The project, celebrated with a ribbon-cutting ceremony on February 26, 2025, features an innovative microgrid system integrating:

  • 700kW solar photovoltaic array
  • 500kW natural gas generator
  • 500kW lithium-ion battery system

The system provides backup power to four groundwater wells, ensuring WSMR maintains critical missions during extended power outages. This aligns with the U.S. Army's requirement for 14-day energy and water independence from civilian supplies. The project, executed through a Service-Disabled Veteran Owned Small Business joint venture, demonstrates WSMR's commitment to operational readiness and sustainable energy solutions.

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Ameresco (NYSE: AMRC) has partnered with the City of Brockton to modernize and preserve historic buildings through energy-efficient upgrades. The collaboration focuses on two significant projects:

1. City Hall (built 1892): Part of a $7 million energy savings performance contract (ESPC) including advanced lighting, energy management technologies, and HVAC systems. The building will feature a Direct Outdoor Air System (DOAS) for improved air quality.

2. War Memorial Building (dedicated 1930): Underwent $3 million in ESPC improvements including new HVAC, lighting systems, roof, window restoration, and energy-efficient upgrades.

The projects, scheduled for completion in 2025, aim to enhance sustainability while preserving historical integrity. Additional improvements extend to the Council on Aging, city parks, playgrounds, and Cosgrove Memorial Pool.

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Ameresco (NYSE:AMRC), a leading energy solutions provider, has announced its management team's participation in four major investor conferences in March 2025:

  • Raymond James' 46th Annual Institutional Investors Conference (March 4) in Orlando, FL, featuring CFO Mark Chiplock and SVP Josh Baribeau
  • Jefferies' Power, Utilities & Clean Energy Conference (March 5) in New York, with the same representatives
  • 2025 ROTH Conference (March 17) in Dana Point, CA, featuring CEO George Sakellaris, CFO Mark Chiplock, and Renewable Fuels President Michael Bakas
  • Piper Sandler's 25th Annual Energy Conference (March 18) in Las Vegas, with SVP Josh Baribeau and SVP Leila Dillon hosting investor meetings
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Ameresco (NYSE: AMRC) has announced the acquisition of ASA Controls, a Cincinnati-based regional controls contractor and systems integrator. The strategic move strengthens Ameresco's Smart Buildings and Controls offerings and expands its existing pipeline in the smart buildings sector.

Founded in 2003, ASA Controls has established itself through providing high-quality services to general contractors and end users, with a team of engineers, technicians, sales personnel, and support staff. The integration enhances Ameresco's Smart Building Solutions team, increasing capacity to meet growing market demands and offering more comprehensive building automation solutions.

The financial terms of the transaction remain undisclosed, though Ameresco states the acquisition is not expected to materially impact the company's 2025 financial results.

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FAQ

What is the current stock price of Ameresco (AMRC)?

Ameresco (AMRC) last closed at $20.89.

What is the market cap of Ameresco (AMRC)?

The market cap of Ameresco (AMRC) is approximately $1.1B.