Ameresco Inc Stock Price, News & Analysis

Ameresco (NYSE: AMRC) has appointed Lenka Patten as the new Senior Vice President and Chief Human Resources Officer. Patten brings over 20 years of experience in integrated human resource strategies, previously serving at Reebok International and other top firms. In her role, she will align HR processes with Ameresco's strategic goals, focusing on talent acquisition, professional development, and employee engagement. CEO George Sakellaris expressed confidence in Patten’s ability to enhance their workforce as the company continues its clean energy transition.

Ameresco, Inc. (NYSE:AMRC), a clean technology integrator, announced its participation in two key investor events. On November 10, 2022, Doran Hole, the CFO, will present at Baird's Global Industrial Conference in Chicago at 8:30 am CT, followed by investor meetings. On November 15, 2022, Ameresco will host a tour of the largest wastewater treatment biogas-to-RNG facility in Phoenix, starting at 10 a.m. MT, with a lunch and Q&A session to follow. These events highlight Ameresco's commitment to energy efficiency and renewable energy.

Ameresco reported strong Q3 results, achieving revenues of $441.3 million, a 61% increase, with net income rising 57% to $27.4 million. GAAP EPS grew 55% to $0.51, while Adjusted EBITDA increased 44% to $57.9 million. The company affirmed its FY22 guidance, anticipating revenues between $1.83 billion and $1.87 billion. Notable project wins in Europe and advancements in energy storage projects with Southern California Edison were highlighted, alongside positive employee feedback leading to a Great Place to Work certification.

Ameresco, Inc. (NYSE: AMRC) has received the prestigious Energy Storage Canada’s 2022 Landmark Application of Energy Storage Award for its innovative microgrid and facility renewal project at the John Paul II Catholic Secondary School. This initiative features 2,700 solar panels, a geothermal system, a 2.2MWh energy storage system, and four electric vehicle charging stations, enabling the school to achieve carbon neutrality and reduce carbon emissions by approximately 277 tons annually. The project sets a blueprint for further educational institutions aiming for sustainable energy solutions.

Ameresco, Inc. (NYSE:AMRC) will host a Renewable Natural Gas (RNG) plant tour in Phoenix, AZ on Tuesday, November 15, 2022. Starting at 10 a.m. MT, the tour will showcase the US's largest wastewater treatment biogas-to-RNG facility, designed and operated by Ameresco. Following the tour, a lunch and Q&A session will be held at Courtyard by Marriott Phoenix West/Avondale at 11:30 a.m. MT. Interested analysts and investors can contact Ameresco's Investor Relations.

Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy recently held a groundbreaking ceremony for the Kūpono Solar Project in ‘Ewa, designed to generate 42 megawatts (MW) of renewable energy, powering about 10,000 homes in O‘ahu. The project, which includes a solar array and lithium-ion battery storage, will reduce carbon dioxide emissions by over 50,000 tons annually. This joint venture supports Hawaiian Electric's grid and aligns with the state’s 100% clean energy goal by 2045. Construction is set to finish in early 2024.

Ameresco, Inc. (NYSE:AMRC) will announce its third quarter 2022 financial results after market close on November 1, 2022. The earnings release will be available on the Company’s Investor Relations website. A conference call will take place at 4:30 p.m. ET, and participants can pre-register to access the call. Additionally, supplemental financial information will be shared via a Current Report on Form 8-K, which will also be accessible through the Investor Relations section of the website.

Ameresco, Inc. (NYSE:AMRC), a frontrunner in clean technology and energy efficiency, announces participation in Oppenheimer's Virtual ESG Summit on September 29, 2022. Executive VP and CFO Doran Hole will represent the company, hosting virtual investor meetings throughout the day. Founded in 2000 and headquartered in Framingham, MA, Ameresco provides energy efficiency and renewable energy solutions across North America and Europe, catering to various sectors including government and commercial clients.

Taylor Farms, North America's largest fresh foods producer, partners with Bloom Energy (NYSE: BE) and Ameresco (NYSE: AMRC) to create a microgrid at their California facility. The setup includes 6 MW of Bloom fuel cells, 2 MW of solar power, and a 2 MW/4 MWh battery. This system aims to provide reliable and independent energy, addressing California's forecasted energy shortfalls. The collaboration highlights Taylor Farms' commitment to sustainability and energy independence, ensuring fresh food reliability amidst rising energy challenges.