Ameresco, Inc. (AMRC) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Ameresco, Inc. (AMRC) Industrial Operations Profile

Ameresco, Inc. delivers energy efficiency and renewable energy solutions, serving diverse sectors across the U.S., Canada, and internationally. With a focus on infrastructure upgrades and renewable energy assets, Ameresco helps clients reduce energy consumption and costs, positioning itself as a key player in the clean technology sector.

What Is the Investment Thesis for AMRC?

The company's diverse portfolio of energy efficiency and renewable energy solutions positions it to capitalize on increasing demand for sustainable energy infrastructure. With a market capitalization of $1.26B and a P/E ratio of 43.00, Ameresco demonstrates a moderate valuation relative to its earnings. Key growth catalysts include government incentives for renewable energy projects and increasing corporate focus on ESG initiatives. The company's high beta of 2.60 suggests higher volatility compared to the market. Successful execution of large-scale projects and effective cost management will be crucial for future profitability.

Based on FMP financials and quantitative analysis

AMRC Key Highlights

Market Cap of $1.26B reflects investor valuation of Ameresco's future growth potential in the clean energy sector.

• P/E ratio of 43.00 indicates a potentially reasonable valuation compared to peers in the Engineering & Construction industry.
• Gross Margin of 15.6% demonstrates the company's ability to generate revenue after accounting for the cost of goods sold.
• Ameresco operates 147 small-scale renewable energy plants and solar PV installations as of December 31, 2021, providing a recurring revenue stream.
• The company serves diverse sectors including federal, state, and local governments, healthcare and educational institutions, showcasing a broad market reach.

Who Are AMRC's Competitors?

AMRC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are AMRC's Key Strengths?

Comprehensive portfolio of energy efficiency and renewable energy solutions

• Strong presence in the U.S. Federal market
• Experienced management team
• Established long-term client relationships

What Are AMRC's Weaknesses?

Relatively low profit margin

• Negative free cash flow
• High beta indicating higher volatility
• Dependence on government incentives and regulations

What Could Drive AMRC Stock Higher?

Government incentives and tax credits for renewable energy projects.

• Increasing corporate focus on ESG (Environmental, Social, and Governance) initiatives.
• Potential new contracts with federal, state, and local governments.
• Expansion of energy storage solutions offerings.

What Are the Key Risks for AMRC?

Financial-distress signal — its Altman Z-Score of 1.09 sits in the distress zone (elevated bankruptcy risk).

• Rich valuation — a P/E of 43.00 runs well above the Industrials sector’s ~28.00x, leaving little room for a miss.
• Changes in government policies and regulations regarding renewable energy.
• Increased competition from larger engineering and construction firms.
• Economic downturn affecting capital spending on energy efficiency projects.
• Technological obsolescence in the rapidly evolving clean technology sector.
• Project delays and cost overruns in large-scale energy projects.

What Are the Growth Opportunities for AMRC?

• Expansion of Renewable Energy Asset Portfolio: Ameresco has the opportunity to significantly expand its portfolio of owned and operated renewable energy assets. As of 2021, the company owned 147 small-scale renewable energy plants and solar PV installations. Investing in additional renewable energy projects, such as solar, wind, and biogas facilities, will generate long-term recurring revenue streams and enhance the company's asset base. The market for renewable energy is projected to grow substantially, driven by government incentives and increasing demand for clean energy sources. Timeline: Ongoing.
• Increased Focus on Energy Efficiency Upgrades: Ameresco can capitalize on the growing demand for energy efficiency upgrades in existing buildings and infrastructure. By offering comprehensive energy audits, retrofitting services, and advanced building management systems, the company can help clients reduce energy consumption and lower operating costs. The market for energy efficiency upgrades is substantial, particularly in older buildings that have not been optimized for energy performance. Timeline: Ongoing.
• Penetration of the U.S. Federal Market: Ameresco has a strong presence in the U.S. Federal market, providing energy efficiency and renewable energy solutions to government agencies and military installations. The company can further expand its market share by leveraging its expertise and track record to secure additional contracts. The U.S. Federal government is committed to reducing its carbon footprint and investing in sustainable infrastructure, creating significant opportunities for Ameresco. Timeline: Ongoing.
• Geographic Expansion into New Markets: Ameresco currently operates in the United States, Canada, and internationally. The company can expand its geographic reach by entering new markets with strong growth potential in renewable energy and energy efficiency. Potential target markets include Europe, Asia, and Latin America, where governments and businesses are increasingly focused on sustainability. Geographic expansion will diversify the company's revenue streams and reduce its reliance on any single market. Timeline: 2-3 years.
• Development of Energy Storage Solutions: As the adoption of renewable energy increases, the need for energy storage solutions becomes more critical. Ameresco can develop and offer energy storage solutions, such as battery storage systems, to help clients manage the intermittency of renewable energy sources and ensure a reliable power supply. The market for energy storage is rapidly growing, driven by technological advancements and decreasing costs. Ameresco's expertise in energy management and renewable energy makes it well-positioned to capitalize on this trend. Timeline: 1-2 years.

What Are AMRC's Competitive Advantages?

• Technical Expertise: Ameresco possesses deep technical expertise in energy efficiency and renewable energy technologies, providing a competitive advantage in designing and implementing complex projects.
• Long-Term Relationships: The company has established long-term relationships with its clients, providing recurring revenue streams and opportunities for repeat business.
• Diverse Service Offering: Ameresco offers a comprehensive portfolio of energy efficiency and renewable energy solutions, allowing it to meet a wide range of client needs.
• Asset Ownership: The company owns and operates renewable energy assets, generating stable and predictable revenue streams.

What Does AMRC Do?

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco, Inc. has evolved into a leading clean technology integrator. The company provides a comprehensive portfolio of energy efficiency and renewable energy supply solutions, operating across the United States, Canada, and internationally. Ameresco's services include energy efficiency upgrades, infrastructure modernization, energy security and resilience solutions, asset sustainability programs, and the development of renewable energy projects. The company operates through four segments: U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation. Ameresco designs, develops, engineers, and installs projects aimed at reducing energy consumption and operational costs for its clients. These projects often involve customized measures to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting. In addition to energy efficiency projects, Ameresco develops and operates small-scale renewable energy plants that produce electricity, gas, heat, or cooling from renewable sources. As of December 31, 2021, the company owned and operated 147 such facilities. Ameresco serves a diverse clientele, including federal, state, and local governments, healthcare and educational institutions, airports, public housing authorities, public universities, and commercial and industrial customers. The company also sells photovoltaic (PV) solar energy products and systems and provides consulting and enterprise energy management services.

What Products and Services Does AMRC Offer?

• Provide energy efficiency solutions for buildings and infrastructure.
• Develop and operate small-scale renewable energy plants.
• Offer infrastructure upgrades to improve energy security and resilience.
• Provide asset sustainability solutions for businesses and organizations.
• Sell photovoltaic (PV) solar energy products and systems.
• Offer consulting and enterprise energy management services.
• Design, engineer, and install energy-saving projects.

How Does AMRC Make Money?

• Energy Efficiency Projects: Ameresco generates revenue by designing, developing, and installing energy efficiency projects for clients, reducing their energy consumption and operating costs.
• Renewable Energy Assets: The company owns and operates renewable energy plants, generating revenue from the sale of electricity, gas, heat, or cooling produced from renewable sources.
• Product Sales: Ameresco sells photovoltaic (PV) solar energy products and systems, generating revenue from product sales and installations.
• Consulting Services: The company provides consulting and enterprise energy management services, generating revenue from consulting fees.

What Industry Does AMRC Operate In?

Ameresco operates within the engineering and construction industry, specifically focusing on the clean technology and renewable energy sectors. The industry is experiencing significant growth driven by increasing global awareness of climate change and supportive government policies. The competitive landscape includes companies like Legence Corp. (LGN), which also offer energy efficiency and sustainable solutions. Ameresco's focus on integrating energy efficiency with renewable energy projects positions it well to capture market share in this expanding sector. The industry is characterized by long project cycles and capital-intensive investments, requiring strong project management and financial discipline.

Who Are AMRC's Key Customers?

• Federal, state, and local governments
• Healthcare and educational institutions
• Public housing authorities and public universities
• Commercial and industrial customers

Ameresco, Inc. Financial Trajectory

Ameresco, Inc. (AMRC) reported $515.5M in revenue for Q2 FY2026, reflecting 28.4% growth compared to the prior quarter. The company recorded net income of $9.7M, with diluted EPS of $0.18. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Industrials. Across the four most recent quarters, AMRC averaged $0.13 in diluted EPS.

Company Profile

Ameresco, Inc. operates in the Engineering & Construction industry within the Industrials sector. It is headquartered in Framingham, US. The company is led by CEO George Sakellaris. AMRC has traded publicly since 2010.

How Ameresco, Inc. Is Valued

Ameresco, Inc. carries a market capitalization of $1.26B, placing it in the small-cap category. Analyst price targets span from $36.00 to $62.00, with a consensus of $43.00. At the current price of $23.78, that implies approximately 81% upside potential. Relative to its peer group, AMRC's quantitative score of 31/100 is below the peer average of 54/100.

Return on equity for Ameresco, Inc. stands at 2.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.7%, showing how much profit it generates from its asset base. AMRC trades at a trailing price-to-earnings ratio of 43.00, above the Industrials sector average of ~28.00x. Its free cash flow yield is -13.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.49 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.7%, the inverse of the P/E and a quick read on earnings relative to price.

Ameresco, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.09 places it in the distress zone, a signal of elevated financial risk.

Ameresco, Inc. has beaten Wall Street's EPS estimate in 6 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 53.6% above estimates on average.

Over the past six months, Ameresco, Inc. insiders filed 50 SEC Form 4 transactions — 16 sales and 34 purchases. On net that is roughly 199K shares acquired (about $4.2M) — insiders putting money in tends to read as conviction.

AMRC Financials

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AMRC Analyst Consensus

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What Investors Ask About Ameresco, Inc. (AMRC) — Industrials

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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