Ameresco and HASI Form New Joint Venture Neogenyx Fuels
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy AMRC?
Ameresco (AMRC) and HA Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in sustainable infrastructure assets, today announced their agreement to spin off Ameresco's biofuels business into a newly formed joint venture: Neogenyx Fuels. Neogenyx Fuels will be owned 70% by Ameresco and 30% by HASI. As part of the transaction, Ameresco will contribute its biofuels business, comprising its scaled asset base and proven development and operating capabilities, into the joint venture, and HASI will commit to invest $400 million to support the growth of Neogenyx Fuels. The transaction represents a strategic step to unlock the significant value embedded in Ameresco's biofuels business, representing a $1.8 billion post-money enterprise value. The agreement has been signed, with closing expected within the quarter. Of the $400 million commitment from HASI, $300 million will be directly invested in Neogenyx Fuels to drive business growth, and $100 million will be direct compensation to Ameresco for the existing business, which will be used for strategic opportunities, working capital, and deleveraging throughout the year.
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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: 31.480
Low
37.00
Averages
41.40
High
45.00
Current: 31.480
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 Reports Strong Q1 2026 Earnings with Strategic Investment
- Revenue Growth: Ameresco reported total revenue of $401 million for Q1 2026, reflecting a 14% year-over-year increase despite adverse weather conditions impacting operations, indicating strong market demand and operational resilience in the renewable energy sector.
- Strategic Investment: The company announced a $400 million agreement with HASI to establish Neogenyx Fuels, which aims to monetize part of its $1.8 billion enterprise value in the biogas sector, thereby accelerating growth and enhancing overall corporate value.
- Backlog Increase: Ameresco's awarded project backlog grew by 20% to $2.8 billion, showcasing a robust pipeline of large and complex projects that are expected to support future revenue growth and solidify the company's market position.
- Leadership Changes: The promotion of Nicole Bulgarino and Lou Maltezos to Co-Presidents, along with the appointment of Peter Christakis as COO, underscores the company's commitment to executing its strategic vision and driving growth in a competitive landscape.
See More
Ameresco Q1 Earnings Beat Expectations Despite EPS Miss
- Earnings Highlights: Ameresco reported a Q1 non-GAAP EPS of -$0.33, missing expectations by $0.04, indicating pressure on profitability; however, revenue reached $401.46 million, up 13.8% year-over-year, exceeding market expectations by $38.54 million, showcasing strong performance in revenue growth.
- 2026 Fiscal Guidance: The company forecasts FY 2026 revenue between $2.0 billion and $2.2 billion, slightly below the consensus of $2.1 billion, reflecting a cautious outlook on future growth; additionally, adjusted EBITDA is expected to be between $250 million and $270 million, highlighting challenges in cost management.
- Gross Margin and Expenses: The anticipated gross margin is between 17% and 18%, indicating pressure on profitability; furthermore, depreciation and amortization expenses are projected at $115 million, with interest expense and other costs at $95 million, suggesting challenges in financial management.
- Market Reaction: Following the earnings release, Ameresco's stock fell 11.6% in after-hours trading, reflecting investor concerns over declining profitability, which could impact the company's future financing capabilities and market confidence.
See More
Ameresco (AMRC) Q2 2025 Earnings Transcript
See More
Ameresco Set to Announce Earnings, Market Expects Growth
- Earnings Announcement: Ameresco is set to announce its earnings after market hours on Monday, with analysts expecting a 4% year-over-year revenue growth, although this is a slowdown from the 18.2% increase recorded in the same quarter last year, indicating the company's ongoing growth potential in the renewable energy sector.
- Revenue Performance: Last quarter, Ameresco reported revenues of $581 million, reflecting a 9.1% year-over-year increase that surpassed analyst expectations, and the full-year EBITDA guidance also exceeded market forecasts, demonstrating the company's solid operational performance and profitability.
- Market Sentiment: Investor sentiment in the construction and engineering sector has been positive, with related stocks averaging a 9.4% increase over the past month, while Ameresco's stock surged 28.3% during the same period, indicating strong market confidence in its future performance.
- Analyst Expectations: The average analyst price target for Ameresco stands at $42.60, compared to its current share price of $30.80, suggesting an optimistic outlook for its future growth, and the company has a history of exceeding Wall Street's expectations.
See More
Ameresco Q1 Earnings Announcement Scheduled
- Earnings Release Date: Ameresco (AMRC) is set to announce its Q1 earnings on May 4th after market close, with a consensus EPS estimate of -$0.29, reflecting a significant year-over-year decline of 163.6%, indicating substantial profitability challenges.
- Revenue Expectations: The anticipated revenue for Q1 is $362.92 million, representing a modest year-over-year growth of 2.9%, which, while limited, still indicates some level of market demand and the company's ongoing efforts in the renewable energy sector.
- Historical Performance Review: Over the past two years, Ameresco has beaten EPS estimates 63% of the time and has met revenue estimates 100% of the time, demonstrating stability in revenue management and market expectations, despite current downward pressures.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five downward revisions with no upward adjustments, while revenue estimates experienced one upward revision and four downward revisions, reflecting a cautious market sentiment regarding the company's future performance, which may impact investor confidence.
See More
Ameresco Releases 2025 Impact Report Highlighting 25 Years of Achievements
- Sustainability Achievements: In 2025, Ameresco avoided approximately 18 million metric tons of CO₂e emissions, showcasing its leadership in energy solutions by reducing customer energy consumption and enhancing resilience, thereby advancing sustainability goals.
- Employee Engagement and Culture: The company invested over 3,700 hours in employee volunteerism over the past 25 years, emphasizing its people-centric culture that fosters creativity and collaboration, enhancing employee satisfaction and community ties.
- Governance and Transparency: Ameresco's best practices in governance include board oversight, risk management, and compliance, ensuring the company maintains transparency and responsible public policy engagement in a dynamic regulatory environment, thus supporting sustainable growth.
- Future Outlook: The CEO of Ameresco stated that the company's success is closely tied to sustainability, resilience, and sound financial decision-making, and looking ahead, Ameresco will continue to drive the global energy transition and create long-term value.
See More
Ameresco Reports Strong Q1 2026 Earnings with Strategic Investment
- Revenue Growth: Ameresco reported total revenue of $401 million for Q1 2026, reflecting a 14% year-over-year increase despite adverse weather conditions impacting operations, indicating strong market demand and operational resilience in the renewable energy sector.
- Strategic Investment: The company announced a $400 million agreement with HASI to establish Neogenyx Fuels, which aims to monetize part of its $1.8 billion enterprise value in the biogas sector, thereby accelerating growth and enhancing overall corporate value.
- Backlog Increase: Ameresco's awarded project backlog grew by 20% to $2.8 billion, showcasing a robust pipeline of large and complex projects that are expected to support future revenue growth and solidify the company's market position.
- Leadership Changes: The promotion of Nicole Bulgarino and Lou Maltezos to Co-Presidents, along with the appointment of Peter Christakis as COO, underscores the company's commitment to executing its strategic vision and driving growth in a competitive landscape.
See More
Ameresco Q1 Earnings Beat Expectations Despite EPS Miss
- Earnings Highlights: Ameresco reported a Q1 non-GAAP EPS of -$0.33, missing expectations by $0.04, indicating pressure on profitability; however, revenue reached $401.46 million, up 13.8% year-over-year, exceeding market expectations by $38.54 million, showcasing strong performance in revenue growth.
- 2026 Fiscal Guidance: The company forecasts FY 2026 revenue between $2.0 billion and $2.2 billion, slightly below the consensus of $2.1 billion, reflecting a cautious outlook on future growth; additionally, adjusted EBITDA is expected to be between $250 million and $270 million, highlighting challenges in cost management.
- Gross Margin and Expenses: The anticipated gross margin is between 17% and 18%, indicating pressure on profitability; furthermore, depreciation and amortization expenses are projected at $115 million, with interest expense and other costs at $95 million, suggesting challenges in financial management.
- Market Reaction: Following the earnings release, Ameresco's stock fell 11.6% in after-hours trading, reflecting investor concerns over declining profitability, which could impact the company's future financing capabilities and market confidence.
See More
Ameresco (AMRC) Q2 2025 Earnings Transcript
See More
Ameresco Set to Announce Earnings, Market Expects Growth
- Earnings Announcement: Ameresco is set to announce its earnings after market hours on Monday, with analysts expecting a 4% year-over-year revenue growth, although this is a slowdown from the 18.2% increase recorded in the same quarter last year, indicating the company's ongoing growth potential in the renewable energy sector.
- Revenue Performance: Last quarter, Ameresco reported revenues of $581 million, reflecting a 9.1% year-over-year increase that surpassed analyst expectations, and the full-year EBITDA guidance also exceeded market forecasts, demonstrating the company's solid operational performance and profitability.
- Market Sentiment: Investor sentiment in the construction and engineering sector has been positive, with related stocks averaging a 9.4% increase over the past month, while Ameresco's stock surged 28.3% during the same period, indicating strong market confidence in its future performance.
- Analyst Expectations: The average analyst price target for Ameresco stands at $42.60, compared to its current share price of $30.80, suggesting an optimistic outlook for its future growth, and the company has a history of exceeding Wall Street's expectations.
See More
Ameresco Q1 Earnings Announcement Scheduled
- Earnings Release Date: Ameresco (AMRC) is set to announce its Q1 earnings on May 4th after market close, with a consensus EPS estimate of -$0.29, reflecting a significant year-over-year decline of 163.6%, indicating substantial profitability challenges.
- Revenue Expectations: The anticipated revenue for Q1 is $362.92 million, representing a modest year-over-year growth of 2.9%, which, while limited, still indicates some level of market demand and the company's ongoing efforts in the renewable energy sector.
- Historical Performance Review: Over the past two years, Ameresco has beaten EPS estimates 63% of the time and has met revenue estimates 100% of the time, demonstrating stability in revenue management and market expectations, despite current downward pressures.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five downward revisions with no upward adjustments, while revenue estimates experienced one upward revision and four downward revisions, reflecting a cautious market sentiment regarding the company's future performance, which may impact investor confidence.
See More
Ameresco Releases 2025 Impact Report Highlighting 25 Years of Achievements
- Sustainability Achievements: In 2025, Ameresco avoided approximately 18 million metric tons of CO₂e emissions, showcasing its leadership in energy solutions by reducing customer energy consumption and enhancing resilience, thereby advancing sustainability goals.
- Employee Engagement and Culture: The company invested over 3,700 hours in employee volunteerism over the past 25 years, emphasizing its people-centric culture that fosters creativity and collaboration, enhancing employee satisfaction and community ties.
- Governance and Transparency: Ameresco's best practices in governance include board oversight, risk management, and compliance, ensuring the company maintains transparency and responsible public policy engagement in a dynamic regulatory environment, thus supporting sustainable growth.
- Future Outlook: The CEO of Ameresco stated that the company's success is closely tied to sustainability, resilience, and sound financial decision-making, and looking ahead, Ameresco will continue to drive the global energy transition and create long-term value.
See More
