Ameresco's Price Target Raised to $38 by Stifel Nicolaus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy AMRC?
Source: Yahoo Finance
- Price Target Increase: Stifel Nicolaus raised Ameresco's price target from $37 to $38 while maintaining a Buy rating, indicating a nearly 43% upside potential at the current price, reflecting confidence in the company's better-than-expected fourth-quarter performance.
- Strong Performance Metrics: Ameresco reported $581 million in revenue and $70 million in EBITDA for the fourth quarter, showcasing its robust market performance in the energy solutions sector, further solidifying its position among promising small-cap industrial stocks.
- Optimistic Future Guidance: Management projects revenues between $2 billion and $2.2 billion for 2026, with EBITDA expected to range from $270 million to $295 million, demonstrating confidence in future growth that may attract more investor interest.
- Substantial Project Backlog: Ameresco currently holds a project backlog of $5 billion, indicating strong market demand in energy efficiency and renewable energy services, which enhances the company's long-term growth potential.
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Analyst Views on AMRC
Wall Street analysts forecast AMRC stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 24.770
Low
37.00
Averages
41.40
High
45.00
Current: 24.770
Low
37.00
Averages
41.40
High
45.00
About AMRC
Ameresco, Inc. is a cleantech integrator and renewable energy asset developer, owner, and operator. The Company's comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy supply solutions. Its North America Regions, U.S. Federal and Europe segments include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility's energy infrastructure, renewable energy solutions and services and the development and construction of small-scale plants. Its Alternative Fuels segment sells electricity and processed renewable natural gas (RNG) derived from biomethane from small-scale plants that it owns and operates and provides operations and maintenance services for customer owned small-scale plants. The Company's All Other segment offers consulting services and the sale of solar photovoltaic energy products and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ameresco's Price Target Raised to $38 by Stifel Nicolaus
- Price Target Increase: Stifel Nicolaus raised Ameresco's price target from $37 to $38 while maintaining a Buy rating, indicating a nearly 43% upside potential at the current price, reflecting confidence in the company's better-than-expected fourth-quarter performance.
- Strong Performance Metrics: Ameresco reported $581 million in revenue and $70 million in EBITDA for the fourth quarter, showcasing its robust market performance in the energy solutions sector, further solidifying its position among promising small-cap industrial stocks.
- Optimistic Future Guidance: Management projects revenues between $2 billion and $2.2 billion for 2026, with EBITDA expected to range from $270 million to $295 million, demonstrating confidence in future growth that may attract more investor interest.
- Substantial Project Backlog: Ameresco currently holds a project backlog of $5 billion, indicating strong market demand in energy efficiency and renewable energy services, which enhances the company's long-term growth potential.
See More
Ameresco Completes Energy Upgrade Project for Moses Building
- Project Completion: Ameresco successfully completed the Energy Savings Performance Contract project for the historic Moses Building in Pittsylvania County, Virginia, aimed at enhancing building performance and sustainability while achieving long-term cost savings to ensure efficient operation of public safety facilities.
- Energy Conservation Measures: The project implemented several energy-saving upgrades, including the installation of a variable refrigerant flow (VRF) heat pump HVAC system and the replacement of aging single-pane wood windows with double-pane units, which improved energy efficiency while preserving the building's historic character to meet community comfort needs.
- Operational Challenges: Completing work in an occupied public safety facility required meticulous planning and coordination, with the Ameresco team carefully scheduling installation activities to ensure extensive upgrades were carried out without disrupting daily operations, showcasing their capability to implement improvements in complex environments.
- Strategic Implications: This project not only reflects Ameresco's commitment to energy efficiency but also provides guaranteed savings through the ESPC model for public sector partners, helping Pittsylvania County achieve its energy and sustainability goals while extending the useful life of the Moses Building.
See More
Ameresco Completes Energy Upgrades for Montana School District
- Project Overview: Ameresco has completed a comprehensive Energy Performance Contract for the Charlo School District in Montana, aimed at modernizing aging infrastructure to optimize learning environments, with projected annual energy savings exceeding $93,000, thereby enhancing operational performance and long-term reliability.
- Phased Implementation: The project was executed in two phases, with the first phase replacing outdated equipment at the elementary and high schools with high-efficiency heat pumps and modernized HVAC systems, while the second phase focused on junior high and additional learning spaces, replacing aging fuel-oil and propane systems to further improve energy efficiency.
- Sustainability Goals: By eliminating fossil fuel-burning equipment, the Charlo School District is committed to providing safe, comfortable, and efficient learning environments, which not only enhances day-to-day comfort but also allows resources to be directed more effectively towards classroom education, reflecting the district's dedication to sustainability.
- Funding Support: Phase 2 received partial support from a Renew America's Schools grant, enabling the district to accelerate the replacement of aging systems and further drive energy efficiency improvements, thereby strengthening facility performance and ensuring long-term benefits for students and staff.
See More
First U.S. Army Base Completes Full Geothermal System Upgrade
- Project Scale and Investment: Ameresco and Velarium Energy successfully completed an Energy Savings Performance Contract valued at over $30 million to modernize military family housing at Fort Polk, Louisiana, involving 3,600 homes, marking a significant advancement in the U.S. Army's renewable energy initiatives.
- Energy Efficiency Improvement: The project is projected to reduce annual electrical consumption by 30% across Fort Polk's family housing, delivering over $2.6 million in annual utility and operational cost savings, thereby significantly enhancing the quality of life and economic benefits for military families.
- Technological Innovation Application: By replacing traditional HVAC systems with renewable ground-source heat pump technology, the project achieved a comprehensive geothermal conversion, improving energy management efficiency, reducing maintenance demands, and enhancing long-term reliability and energy resilience.
- Community Economic Development: This initiative not only improved living conditions for military families but also fostered local economic growth by investing in the community and supporting the local workforce, showcasing a successful model of public-private partnership.
See More
Ameresco Reports Strong Q4 2025 Earnings with Record Revenue and Growth Outlook
- Strong Performance: Ameresco achieved record quarterly revenue of $581 million in Q4 2025, reflecting a 9% year-over-year growth across all business lines, demonstrating the company's robust competitive position in the market.
- Backlog Conversion: The company successfully converted a record $1.5 billion of project backlog into revenue, increasing total awarded backlog to over $2.5 billion, up 13% from last year, laying a solid foundation for future revenue growth.
- European Market Success: Management highlighted significant contributions from European operations, particularly through acquisition and partnership strategies in Southern and Eastern Europe, indicating a strategic positioning in these rapidly growing markets.
- 2026 Outlook: Ameresco projects approximately $2.1 billion in revenue and $283 million in adjusted EBITDA for 2026, representing growth of 9% and 19%, respectively, reflecting the company's confidence in future growth and commitment to ongoing investments.
See More
Ameresco Reports Q4 Earnings Exceeding Expectations
- Significant Revenue Growth: Ameresco reported fourth-quarter revenue of $581.03 million, surpassing analyst expectations of $556.09 million, with a year-over-year increase of 9%, demonstrating the company's ongoing focus on project execution and enhancing its competitive position in the market.
- Improved Profitability: The adjusted earnings per share reached $0.39, exceeding the expected $0.31, reflecting the company's effective strategies in addressing rising energy demands and cost pressures faced by its customers.
- Strong Cash Flow Position: At the end of the reporting period, Ameresco had $71.8 million in unrestricted cash, ensuring financial flexibility for future project investments and operations.
- Optimistic Future Outlook: Ameresco anticipates full-year 2026 revenue to range between $2 billion and $2.2 billion, exceeding market expectations of $2.09 billion, indicating strong confidence in future growth and the effectiveness of its strategic planning.
See More
Ameresco's Price Target Raised to $38 by Stifel Nicolaus
- Price Target Increase: Stifel Nicolaus raised Ameresco's price target from $37 to $38 while maintaining a Buy rating, indicating a nearly 43% upside potential at the current price, reflecting confidence in the company's better-than-expected fourth-quarter performance.
- Strong Performance Metrics: Ameresco reported $581 million in revenue and $70 million in EBITDA for the fourth quarter, showcasing its robust market performance in the energy solutions sector, further solidifying its position among promising small-cap industrial stocks.
- Optimistic Future Guidance: Management projects revenues between $2 billion and $2.2 billion for 2026, with EBITDA expected to range from $270 million to $295 million, demonstrating confidence in future growth that may attract more investor interest.
- Substantial Project Backlog: Ameresco currently holds a project backlog of $5 billion, indicating strong market demand in energy efficiency and renewable energy services, which enhances the company's long-term growth potential.
See More
Ameresco Completes Energy Upgrade Project for Moses Building
- Project Completion: Ameresco successfully completed the Energy Savings Performance Contract project for the historic Moses Building in Pittsylvania County, Virginia, aimed at enhancing building performance and sustainability while achieving long-term cost savings to ensure efficient operation of public safety facilities.
- Energy Conservation Measures: The project implemented several energy-saving upgrades, including the installation of a variable refrigerant flow (VRF) heat pump HVAC system and the replacement of aging single-pane wood windows with double-pane units, which improved energy efficiency while preserving the building's historic character to meet community comfort needs.
- Operational Challenges: Completing work in an occupied public safety facility required meticulous planning and coordination, with the Ameresco team carefully scheduling installation activities to ensure extensive upgrades were carried out without disrupting daily operations, showcasing their capability to implement improvements in complex environments.
- Strategic Implications: This project not only reflects Ameresco's commitment to energy efficiency but also provides guaranteed savings through the ESPC model for public sector partners, helping Pittsylvania County achieve its energy and sustainability goals while extending the useful life of the Moses Building.
See More
Ameresco Completes Energy Upgrades for Montana School District
- Project Overview: Ameresco has completed a comprehensive Energy Performance Contract for the Charlo School District in Montana, aimed at modernizing aging infrastructure to optimize learning environments, with projected annual energy savings exceeding $93,000, thereby enhancing operational performance and long-term reliability.
- Phased Implementation: The project was executed in two phases, with the first phase replacing outdated equipment at the elementary and high schools with high-efficiency heat pumps and modernized HVAC systems, while the second phase focused on junior high and additional learning spaces, replacing aging fuel-oil and propane systems to further improve energy efficiency.
- Sustainability Goals: By eliminating fossil fuel-burning equipment, the Charlo School District is committed to providing safe, comfortable, and efficient learning environments, which not only enhances day-to-day comfort but also allows resources to be directed more effectively towards classroom education, reflecting the district's dedication to sustainability.
- Funding Support: Phase 2 received partial support from a Renew America's Schools grant, enabling the district to accelerate the replacement of aging systems and further drive energy efficiency improvements, thereby strengthening facility performance and ensuring long-term benefits for students and staff.
See More
First U.S. Army Base Completes Full Geothermal System Upgrade
- Project Scale and Investment: Ameresco and Velarium Energy successfully completed an Energy Savings Performance Contract valued at over $30 million to modernize military family housing at Fort Polk, Louisiana, involving 3,600 homes, marking a significant advancement in the U.S. Army's renewable energy initiatives.
- Energy Efficiency Improvement: The project is projected to reduce annual electrical consumption by 30% across Fort Polk's family housing, delivering over $2.6 million in annual utility and operational cost savings, thereby significantly enhancing the quality of life and economic benefits for military families.
- Technological Innovation Application: By replacing traditional HVAC systems with renewable ground-source heat pump technology, the project achieved a comprehensive geothermal conversion, improving energy management efficiency, reducing maintenance demands, and enhancing long-term reliability and energy resilience.
- Community Economic Development: This initiative not only improved living conditions for military families but also fostered local economic growth by investing in the community and supporting the local workforce, showcasing a successful model of public-private partnership.
See More
Ameresco Reports Strong Q4 2025 Earnings with Record Revenue and Growth Outlook
- Strong Performance: Ameresco achieved record quarterly revenue of $581 million in Q4 2025, reflecting a 9% year-over-year growth across all business lines, demonstrating the company's robust competitive position in the market.
- Backlog Conversion: The company successfully converted a record $1.5 billion of project backlog into revenue, increasing total awarded backlog to over $2.5 billion, up 13% from last year, laying a solid foundation for future revenue growth.
- European Market Success: Management highlighted significant contributions from European operations, particularly through acquisition and partnership strategies in Southern and Eastern Europe, indicating a strategic positioning in these rapidly growing markets.
- 2026 Outlook: Ameresco projects approximately $2.1 billion in revenue and $283 million in adjusted EBITDA for 2026, representing growth of 9% and 19%, respectively, reflecting the company's confidence in future growth and commitment to ongoing investments.
See More
Ameresco Reports Q4 Earnings Exceeding Expectations
- Significant Revenue Growth: Ameresco reported fourth-quarter revenue of $581.03 million, surpassing analyst expectations of $556.09 million, with a year-over-year increase of 9%, demonstrating the company's ongoing focus on project execution and enhancing its competitive position in the market.
- Improved Profitability: The adjusted earnings per share reached $0.39, exceeding the expected $0.31, reflecting the company's effective strategies in addressing rising energy demands and cost pressures faced by its customers.
- Strong Cash Flow Position: At the end of the reporting period, Ameresco had $71.8 million in unrestricted cash, ensuring financial flexibility for future project investments and operations.
- Optimistic Future Outlook: Ameresco anticipates full-year 2026 revenue to range between $2 billion and $2.2 billion, exceeding market expectations of $2.09 billion, indicating strong confidence in future growth and the effectiveness of its strategic planning.
See More
