Ameresco Inc Stock Price, News & Analysis

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.

Ameresco, Inc. (NYSE: AMRC) has been selected to replace Wellesley College’s Central Utility Plant, enhancing energy efficiency and supporting sustainability goals. The project includes advanced equipment and aims to reduce natural gas usage and utility costs while helping the College achieve a 37% reduction in greenhouse gas emissions by 2026. Construction commenced in December 2020, with commissioning expected in May 2021. This partnership demonstrates Wellesley College's commitment to environmental stewardship and positions Ameresco as a key player in clean technology integration.

Ameresco, Inc. (NYSE: AMRC) has successfully completed renovations at Shaw’s Center, enabling it to function as a COVID-19 testing and vaccination center for the Brockton Neighborhood Health Center. The project, valued at over $1 million, includes new roofs, seven rooftop unit replacements, and other critical upgrades, completed under a tight schedule amid rising COVID-19 cases. The renovations support Massachusetts' 'Stop the Spread' campaign and were funded by the CARES Act. Mayor Robert F. Sullivan expressed gratitude for Ameresco's efforts in revitalizing the community center.

Ameresco, Inc. (AMRC) has commenced a $173 million energy savings performance contract project at Norfolk Naval Shipyard (NNSY) in Portsmouth, Virginia. This initiative includes the construction of a 19-MW combined heat and power plant, a 3-MW battery energy storage system, and a microgrid control system, expected to reduce grid electricity use by 68%. The project aims to enhance energy security and deliver over $411 million in guaranteed cost savings over the performance period. Construction is set to conclude in 2022, with operations maintained until January 2044.

Ameresco (NYSE: AMRC) and Wells Fargo (NYSE: WFC) have announced a collaboration to develop approximately 30 megawatts (MW) of onsite solar generation assets across seven states. This project includes nearly 100 solar photovoltaic arrays at various locations, with construction starting in April and continuing into 2022. As part of its sustainability efforts, Wells Fargo has been using renewable energy for all its global electricity needs since 2017. The initiative is expected to bolster local job creation and tax revenue, while Ameresco's expertise made it the preferred partner for this extensive project.