Ameresco Inc Stock Price, News & Analysis

Ameresco, Inc. (NYSE: AMRC) announced that underwriters fully exercised their option to purchase an additional 375,000 shares of Class A common stock from the company, concluding on March 15, 2021. This option increased the total shares sold in the public offering to 2,875,000 shares, generating approximately $126.5 million in gross proceeds before deductions. Ameresco plans to use the net proceeds to repay its revolving credit facility and for general corporate purposes, including acquisitions and capital expenditures. The offering was registered with the SEC under Form S-3ASR.

Ameresco, Inc. (NYSE: AMRC) has completed an energy efficiency project with the City of Santa Fe, N.M., aimed at enhancing energy efficiency in city facilities. The initiative, which was concluded in October 2020, is projected to save the city $88,649 annually in electricity and natural gas. The improvements encompass roof replacements, HVAC upgrades, and building automation. The project supports Santa Fe's long-term sustainability goals, having recently achieved a LEED Gold designation. Ameresco will continue collaborating with the city on maintenance and capital planning.

Ameresco, Inc. (NYSE: AMRC) has announced a public offering of 3,200,000 shares of Class A common stock at $44.00 per share, aiming to raise approximately $110 million. Of these, 2,500,000 shares are offered by Ameresco, while 700,000 shares are from selling stockholders. The offering is expected to close on March 9, 2021, pending customary conditions. Proceeds will primarily be used to repay debt under the revolving credit facility and for general corporate purposes, including acquisitions. BofA Securities and Oppenheimer & Co. are the lead underwriters for the offering.

Ameresco, Inc. (NYSE: AMRC) has announced an underwritten public offering of 3,200,000 shares of its Class A common stock. This includes 2,500,000 shares from Ameresco and 700,000 shares from selling stockholders, with underwriters having the option for an additional 480,000 shares. Proceeds will repay debt under its revolving credit facility and support corporate purposes. The offering is subject to market conditions and is backed by BofA Securities and Oppenheimer & Co. The shares are offered under an effective shelf registration statement.

Ameresco, a clean technology integrator, announced its management team's participation in various upcoming investor conferences. On March 2, 2021, CFO Doran Hole will present at the Raymond James’ 42nd Annual Institutional Investors Conference at 10am ET and host virtual meetings. On March 10, 2021, he will participate in a fireside chat at the B Riley Securities Sustainable Energy & Technology Conference at 8am ET. Additionally, on March 15 and 17, 2021, Hole will engage in the Virtual 33rd Annual ROTH Conference and also host investor meetings.

Ameresco, a clean technology integrator, reported strong financial results for the fiscal year ending December 31, 2020. Despite challenging conditions due to COVID-19, revenue grew year-on-year, highlighting the effectiveness of its operational strategies. Key performance metrics included growth in Energy Asset and O&M recurring revenue, which provides high-margin, annuity-like income. The company also reported surpassing 350 MWe of assets in development, indicating a solid project pipeline and optimistic growth outlook for 2021.

Ameresco, Inc. (NYSE:AMRC) announced that its Senior Vice President and CFO, Doran Hole, will speak at Baird's 2021 Sustainability Conference on February 24, 2021, at 8:50 AM ET. Known for its energy efficiency and renewable energy solutions, Ameresco provides comprehensive services to various sectors across North America and Europe. Founded in 2000, the company specializes in infrastructure upgrades and renewable energy plant operations, serving federal, state, and local governments, as well as commercial clients. For more details, visit www.ameresco.com.

Ameresco, Inc. (NYSE: AMRC) has secured an 18-year Energy Savings Agreement with the Nyack Public School District, committing to a $3.5 million investment in energy efficiency upgrades across seven facilities. The contract guarantees Nyack savings of at least $187,418 in the first year. Planned enhancements include solar PV arrays and improved lighting, aimed at reducing greenhouse gas emissions significantly. Construction is expected to complete by spring 2021, promoting sustainability and inspiring future environmental stewardship among students.

Ameresco, Inc. (NYSE:AMRC) will disclose its fourth quarter and full year 2020 financial results post-market on March 1, 2021. The earnings press release will be accessible via the Investor Relations section of its website. A conference call will follow at 4:30 PM ET, providing supplemental financial details. Participants can join the call by phone or via a live webcast. Established in 2000, Ameresco specializes in clean technology, energy efficiency, and renewable energy solutions, serving a diverse clientele across North America and Europe.