Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) has formed a strategic alliance with Sunel Group to bid on renewable energy projects totaling over 1.5 GWp across the UK, Greece, Italy, Spain, and Romania.

The partnership has already been awarded the ‘Delfini’ solar project in Greece, with a capacity of 100 MWp and a projected contract value of over $500M USD.

This collaboration focuses on enhancing renewable energy solutions and aims to significantly reduce carbon emissions while providing grid stabilization services through battery energy storage systems.

Ameresco, Inc. (NYSE: AMRC) and the City of Missoula, Montana celebrated the completion of a new 545 kW solar PV array, marking Montana's largest behind-the-meter, non-export solar energy project. The system is designed to offset over 20% of the wastewater treatment facility's annual electricity consumption, leading to savings exceeding $7,000 annually, and a reduction of nearly 8,000 MTCO2e in greenhouse gas emissions over its lifespan. This project was constructed without upfront costs to the city under a 25-year solar energy agreement. Construction began in summer 2022 and was completed by March 2023. The initiative aligns with the city's goal for carbon neutrality by 2025.

Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator, has been awarded the 2023 North American Energy Services Company of the Year by Frost & Sullivan. This recognition highlights Ameresco's excellence in customer impact, innovative solutions, and strong financial performance in the energy services sector.

With over $13 billion in project deliveries, Ameresco demonstrates significant growth potential, serving a diverse range of clients across North America. The award reflects the company's commitment to energizing a sustainable world and implementing comprehensive solutions for clients' energy efficiency and sustainability goals.

Frost & Sullivan’s rigorous selection process evaluates nominees based on their ability to address unmet customer needs and enhance financial performance.

Ameresco, Inc. (NYSE:AMRC) will release its first quarter 2023 financial results on May 1, 2023, after market close. Investors can access the earnings report on the 'Investor Relations' section of the company’s website. A conference call is scheduled for 4:30 p.m. EDT the same day, with pre-registration advised. Supplemental financial information will be provided via a Current Report on Form 8-K. Founded in 2000, Ameresco is a leading clean technology integrator, providing energy efficiency and renewable energy solutions across North America and Europe, delivering sustainable infrastructure upgrades and project operations.

Ameresco, Inc. (NYSE: AMRC) and Redflow Limited (ASX: RFX) have established a strategic relationship to integrate Redflow's advanced non-lithium battery energy storage technology into Ameresco's energy solutions. Ameresco aims to use Redflow's zinc-bromine flow batteries for medium- to long-duration energy storage applications. This partnership is expected to enhance Ameresco's portfolio, allowing it to meet growing market demands for non-lithium solutions. The two companies plan to deploy a commercial demonstration system and explore various customer engagements, positioning themselves for significant market opportunities in the renewable energy sector.

Ameresco, Inc. (NYSE: AMRC) has partnered with Alaska Pacific University to upgrade the Thomas Training Center on Eagle Glacier. The renovations aim to improve energy efficiency by installing new heating systems and retrofitting existing infrastructure. This project, which is set to be completed by October 2023, will help reduce energy consumption at the facility, which serves as a training hub for Winter Olympic athletes. The upgrades include a new boiler system and enhanced water conservation measures. The training center, established in 1987, will house up to 16 residents, contributing to the development of elite athletes.

Ameresco, Inc. (NYSE: AMRC) has extended its partnership with Yorkshire Dales Millennium Trust to plant 1,000 trees and restore wildlife habitats in the Yorkshire Dales region. This initiative aims to offset 80 metric tons of carbon dioxide over the next 50 years. Previously, Ameresco supported the planting of 500 trees through financial aid and volunteer efforts. The partnership will enhance biodiversity, supporting vital habitats for pollinators amid significant habitat loss in the UK. The company continues to promote sustainability and community service, aiming for over 2,000 community service hours in 2023.

Ameresco, Inc. (NYSE:AMRC) announced an upcoming analyst and investor day on May 11, 2023, in London. The event will run from 9:00 to 11:30 a.m. local time, featuring key leaders discussing long-term growth strategies and Ameresco’s expanding presence in Europe. Attendees will gain insights into Ameresco's integrated business model centered on cost savings, energy resiliency, and decarbonization. Analysts and institutional investors interested in attending can register by contacting investor relations at amerescoir@advisiry.com.

Ameresco, Inc. (NYSE:AMRC), a leader in clean technology, announced its participation in two investor conferences. The first event is the 35th Annual ROTH Conference on March 13, 2023, in Laguna Niguel, CA, featuring Chairman George Sakellaris and EVP Michael Bakas. The second event is the Piper Sandler 23rd Annual Energy Conference on March 21, 2023, in Las Vegas, NV, where CFO Doran Hole will conduct a fireside chat at 4:00 PM PT, joined by VP Josh Baribeau for additional investor meetings. Ameresco focuses on energy efficiency and renewable energy solutions across North America and Europe, with over 1,000 employees.