Ameresco Inc Stock Price, News & Analysis

Ameresco (NYSE: AMRC) has completed a significant utility savings project with New Mexico Tech, projected to save the university over $540,000 annually. This 20-year partnership aims to enhance campus facility operations and sustainability through upgrades like 666.8 kW-DC solar systems, LED retrofits, and advanced control systems. Dr. Cleve McDaniel emphasized the project's alignment with the university's sustainability goals. This initiative not only improves energy efficiency but also supports long-term cash flow and reliability for the institution.

Ameresco, Inc. (NYSE:AMRC) will release its second quarter 2022 financial results on August 1, 2022, after market close. The press release will be available on the Company’s Investor Relations page. An earnings conference call is scheduled for 4:30 p.m. ET the same day, with a live webcast accessible via its website. Additionally, supplemental financial information will be provided via a Current Report on Form 8-K. Founded in 2000, Ameresco specializes in energy efficiency and renewable energy solutions across North America and Europe.

Ameresco (NYSE: AMRC) has completed the first phase of a $3.5 million energy conservation project with Baltimore City Public Schools. This initiative focused on upgrading lighting in 15 school buildings, improving energy efficiency through LED installations and occupancy sensors. The project is expected to yield a $500,000 rebate and annual savings of over $400,000 in electricity costs. Construction commenced in November 2021 and concluded in May 2022. A second phase of upgrades is in discussion, marking Ameresco's first K-12 project in Maryland.

Duke Energy has completed the largest floating solar facility in the Southeast at Fort Bragg, North Carolina. This 1.1-megawatt solar plant is part of a $36 million energy services contract aimed at enhancing energy resilience and modernization at the base. The project also features a 2-MW battery storage system to provide power during outages. Duke Energy's Chief Strategy Officer, Brian Savoy, emphasized the innovation and energy efficiency this project brings. This installation contributes to the Army's Climate Strategy by boosting clean energy and reducing greenhouse gas emissions.

Ameresco, Inc. (NYSE: AMRC) announced the resignation of Thomas Murley from its Board of Directors, effective June 30, 2022. Murley, who has served since October 2016, expressed pride in his contributions to the company's growth in energy efficiency and renewable energy sectors. CEO George Sakellaris acknowledged Murley's dedication, noting the board now consists of eight members. Founded in 2000, Ameresco specializes in sustainable energy solutions across North America and Europe, focusing on helping clients achieve Net Zero through energy infrastructure upgrades.

Ameresco, Inc. (NYSE: AMRC) and Bright Canyon Energy announced the Kūpono Solar Project, a 42 MW solar array and 42 MW/168 MWh battery system at Joint Base Pearl Harbor-Hickam, Hawaii. This initiative aims to supply renewable energy to O‘ahu, powering about 10,000 homes and eliminating over 50,000 tons of CO2 emissions annually. The project, supported by a 37-year land lease with the Navy, aligns with Hawaii's 100% renewable energy goal by 2045. Construction is set to finish in early 2024, under a 20-year power purchase agreement with Hawaiian Electric.

Ameresco, Inc. (NYSE:AMRC), a leader in clean technology, announced upcoming investor conferences featuring its CFO, Doran Hole. Key dates include:

• June 1, 2022: Participation in the 19th Annual Craig-Hallum Institutional Investor Conference (virtual).
• June 7, 2022: Presentation at 1:15 PM ET at the Stifel 2022 Cross Sector Insight Conference in Boston, MA.
• June 8, 2022: Presentation at 3:20 PM CT at the William Blair's 42nd Annual Growth Stock Conference in Chicago, IL.
• June 14, 2022: Presentation at 4:00 PM ET at the Evercore Global Clean Energy & Transition Technologies Summit in New York, NY.

Ameresco (NYSE: AMRC) has successfully completed an energy and water retrofits project at the Massachusetts College of Art and Design (MassArt). The project included upgrades across seven campus buildings, implementing 15 energy conservation measures, which are expected to generate $436,385 in annual cost savings. Covering approximately 800,000 square feet, Ameresco managed all aspects from design to installation. This initiative aims to enhance sustainability and support further infrastructure improvements at MassArt.