Ameresco Inc SEC Filings

Nicole E. Bulgarino, President - Federal & Utility at Ameresco, Inc. (AMRC), reported acquisitions on 09/10/2025. She acquired 875 shares of Class A Common Stock at a $0 price and now beneficially owns 58,421 shares directly. The filing also reports 875 restricted stock units (RSUs) granted, representing rights to 875 shares that vest over two years with 25% vesting on each six-month anniversary; after the grant she beneficially owns 2,625 RSU-equivalent shares directly. The transactions were reported by attorney-in-fact on 09/12/2025.

Peter Christakis, an officer of Ameresco, Inc. (AMRC), reported equity awards and a stock acquisition on 09/10/2025. The filing shows a grant of 750 Restricted Stock Units (RSUs) with an associated acquisition of 750 Class A common shares at a price of $0. After the reported transaction, the filing indicates beneficial ownership of 12,606 Class A shares and 2,250 shares attributable to RSUs. The RSUs are defined so that each unit converts to one share and vest over two years, with 25% vesting every six months.

Ameresco, Inc. (AMRC) insider filing: David J. Corrsin, EVP and General Counsel and a Company director, reported transactions dated 09/10/2025. The Form 4 shows a non-derivative entry for Class A Common Stock with a transaction code M for 50 shares acquired at $0 and a disposition of 471 shares, leaving 398 shares beneficially owned indirectly by spouse. The filing also reports 50 Restricted Stock Units (RSUs) granted (each representing one share), code M, with 50 underlying shares and 200 RSUs held indirectly by spouse following the transaction. The reporting person disclaims beneficial ownership of the spouse-held shares and explains each RSU vests over two years with 25% vesting every six months.

Michael T. Bakas, President - Renewable Fuels at Ameresco, Inc. (AMRC), reported transactions dated 09/10/2025 showing acquisition of 875 shares of Class A Common Stock and grant of 875 Restricted Stock Units (RSUs). The RSUs are each a contingent right to one share and vest over two years with 25% vesting every six months. After the reported transactions, Mr. Bakas directly beneficially owns 12,759 shares of Class A common stock and 2,625 RSUs according to the form.

Ameresco, Inc. insider Louis P. Maltezos reported transactions dated 09/10/2025. The filing shows 875 Class A common shares acquired and 875 restricted stock units (RSUs) granted, each RSU convertible into one share. After the transactions Mr. Maltezos beneficially owned 31,526 Class A shares and 2,625 shares underlying RSUs held directly. The RSUs vest over two years with 25% vesting every six months. The form was signed on behalf of the reporting person by an attorney-in-fact on 09/12/2025. All transactions are reported as direct ownership.

David J. Corrsin, EVP and General Counsel of Ameresco, Inc. (AMRC), reported compensatory equity activity and a small sell-to-cover transaction. On 09/08/2025 he was granted 50 restricted stock units (RSUs), each convertible into one share of Class A common stock and recorded as indirectly owned by his spouse. Those RSUs vest over two years with 25% vesting every six months. On 09/10/2025 an automatic sell-to-cover disposition of 19 shares occurred at $27.04 per share to cover withholding taxes, leaving 348 shares reported as indirectly owned by spouse after the sale.

Wellington Management entities filed an amended Schedule 13G reporting collective beneficial ownership of 3,850,700 shares of Ameresco, Inc. common stock, representing 11.10% of the class. The filing lists four related reporting persons with shared voting and dispositive power across the group; shared voting power is reported as 2,972,937 for three entities and 2,913,579 for Wellington Management Company LLP, while shared dispositive power totals vary across cover pages. The statement certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing is signed and dated by a Wellington regulatory analyst on 09/08/2025.

Wellington Management Group LLP and related Wellington entities filed a Schedule 13G disclosing beneficial ownership of 1,753,896 shares of Ameresco, Inc. common stock, representing 5.07% of the class. The cover-page detail shows shared voting power of 1,492,992 shares and shared dispositive power of 1,753,896, with zero sole voting or dispositive power reported.

The filing states these securities are owned of record by clients of the Wellington Investment Advisers and lists Wellington Group Holdings LLP and Wellington Investment Advisors Holdings LLP as related holding entities. Item 10 certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control.

Ameresco (AMRC) Q2-25 10-Q highlights:

• Revenue rose 7.8% YoY to $472.3 m; YTD sales up 12.0% to $825.1 m, driven by North America project work and European growth.
• Profitability improved: gross margin expanded 30 bp to 15.5%; operating income up 32.6% to $27.8 m; net income attributable to common shareholders more than doubled to $12.9 m (EPS $0.24 vs $0.09). YTD EPS is $0.14 vs $0.04.
• Balance sheet: total assets $4.30 bn (+3.3% vs 12/24); energy assets climbed 6.6% to $2.04 bn. Total debt and finance leases increased 11.7% to $1.87 bn after a $100 m term loan and BESS note issuances; net leverage rose while equity edged to $1.07 bn.
• Cash flow pressure: operating cash outflow of $55.2 m vs inflow of $74.1 m prior-year, largely from working-capital swings and EPSC receivables; capex on energy assets $208.1 m.
• Liquidity actions: Sixth amended credit agreement provides $225 m revolver (undrawn capacity ~$9.8 m) and $100 m term loan maturing 2028; issued $78 m 6.72% senior secured notes tied to BESS ITCs.
• Key risks disclosed: $26.7 m deposit exposure to bankrupt supplier Powin LLC (default waiver obtained); potential up to $89 m liquidated damages under SCE battery contracts still disputed; supply-chain and inflation uncertainties persist.

Overall, AMRC posted solid top-line and margin gains but higher debt and negative operating cash flow warrant monitoring amid project execution and supplier challenges.