AMRC

Project Overview: Killeen Regional Airport has completed a $7 million solar-integrated covered parking project, which includes energy-efficient LED lighting upgrades and aims to enhance the traveler experience while significantly reducing long-term energy costs.

Sustainability Commitment: The project, supported by a $5 million FAA grant, is expected to offset 68% of the airport's electricity usage, marking a significant step towards sustainability and showcasing the city's commitment to environmental stewardship.

Recognition of Advanced Renewable Energy System: Ameresco and CPower Energy's project at U.S. Army Garrison Fort Detrick received the 'Judges' Choice' award in the Software Implementation category for enhancing energy resilience and supporting the PJM grid.

Project Impact and Future Potential: The initiative included a 6 MW battery energy storage system that optimizes energy use, reduces costs, and may lead to future developments like microgrid integration to further support military operations during outages.

Solar Project Completion: Ameresco has completed a 185kW DC solar PV system at the Tri-County Career Center in Ohio, which will provide up to 20% of the center's annual energy needs and reduce CO2 emissions by approximately 161 tons annually.

Student Engagement and Workforce Development: The project involved high school students gaining hands-on experience in solar installation, aligning with Ameresco's commitment to building a skilled workforce in the renewable energy sector, which is projected to see significant job growth in the coming years.

Microgrid Project Completion: Hannah Solar Government Services and Ameresco have successfully completed a $10.9 million Water Resiliency Microgrid Project at White Sands Missile Range, which integrates solar, natural gas, and battery systems to ensure continuous power supply for critical operations.

Operational Readiness and Sustainability: The microgrid enhances energy resiliency by allowing the facility to maintain water supply and operational readiness for up to 14 days without relying on external power sources, showcasing a commitment to innovative and sustainable energy solutions.

Partnership for Energy Efficiency: Ameresco, Inc. is collaborating with the City of Brockton to modernize historic buildings like City Hall and the War Memorial Building, focusing on enhancing energy efficiency and sustainability through a $7 million energy savings performance contract (ESPC).

Impact on Community: The upgrades will include advanced lighting systems, new HVAC technologies, and improved air quality measures, benefiting residents by preserving historical integrity while promoting healthier environments in the city.

U.S. Stock Market Performance: U.S. stocks rose on Friday, with the Dow Jones gaining approximately 100 points, driven by strong quarterly results from several companies, including American Public Education, which saw a 33% increase in its shares after exceeding earnings expectations.

Notable Stock Gains: Other significant stock increases included Willdan Group (19.6%), Array Technologies (16.5%), and Walgreens Boots Alliance (7.6%) following an acquisition agreement, among others, reflecting overall positive market sentiment.

Ameresco Stock Performance: Ameresco (AMRC) shares have increased by 16.8%, rising $1.56 to a price of $10.85.

Analyst Ratings and Outlook: The company's stock has faced downgrades and lowered price targets from various analysts, indicating a challenging outlook due to project delays and reduced guidance.

Insider Trading Activity: George P Sakellaris, President and CEO of $AMRC, purchased 50,000 shares for approximately $498,000, increasing his holdings by about 5.9%, while insiders have made 20 trades in the past six months, with more purchases than sales.

Institutional Investor Movements: In the latest quarter, 81 institutional investors increased their positions in $AMRC stock, while 108 reduced theirs, indicating mixed sentiment among institutional stakeholders.

Investor Conferences Participation: Ameresco, Inc. will have its management team attending multiple investor conferences in March 2025, including the Raymond James Annual Institutional Investors Conference and Jefferies' Power, Utilities & Clean Energy Conference.

Company Overview: Founded in 2000, Ameresco is an energy solutions provider focused on helping customers reduce costs and achieve net-zero emissions through energy efficiency solutions and renewable energy resources.

Stocks Added to Zacks Rank #5: Three companies, Ameresco, Definitive Healthcare, and AAON, have been added to the Zacks Rank #5 (Strong Sell) List due to downward revisions in their earnings estimates over the past 60 days.

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Analyst Downgrade: UBS analyst William Grippin downgraded Ameresco (AMRC) to a Sell with a price target of $8.00, while the company's shares closed at $10.56.

Market Consensus: Despite the downgrade, Ameresco has a Moderate Buy consensus among analysts, with a higher price target consensus of $23.00.

Acquisition Announcement: Ameresco, Inc. has acquired ASA Controls, an Ohio-based company specializing in building automation and control systems, to enhance its offerings in the smart buildings sector without impacting its 2025 fiscal results.

Stock Performance: Following the acquisition announcement, Ameresco's stock fell by 10.5%, closing at $10.56 on Monday.

Jefferies' Price Target Adjustment: Jefferies has reduced its price target for Ameresco (AMRC) from $23 to $13, maintaining a Hold rating due to disappointing Q4 results and concerns over delayed or canceled government contracts.

Earnings Estimates Revision: The firm has lowered its adjusted EBITDA estimates for FY25-FY28 by 15%-20%, citing a challenging outlook and unresolved issues discussed during the earnings call.

Ameresco's Acquisition of ASA Controls: Ameresco, Inc. has acquired ASA Controls, enhancing its Smart Buildings and Controls offerings, which will allow the company to provide more innovative energy solutions and meet growing market demands.

Strategic Growth and Expertise: The acquisition strengthens Ameresco's capabilities in building automation and temperature control, leveraging ASA Controls' expertise to tackle larger projects and deliver exceptional value to customers while maintaining a commitment to energy efficiency and sustainability.

Payment to AMERESCO INC: The General Services Administration made a $40M payment to AMERESCO INC for energy conservation measures at the Veteran's Affairs Building and Lafayette Building in Washington D.C., as part of the National Deep Energy Retrofit Program.

Insider Trading Activity: Over the past six months, AMERESCO insiders have traded stock 12 times, with more sales than purchases, while institutional investors have shown mixed activity, with 81 adding shares and 108 decreasing their positions.

Ameresco Stock Performance: Ameresco (AMRC) has experienced a significant decline of -32.7%, dropping to $12.34, with previous falls of -28.9% and -12.2%.

Analyst Price Target Adjustments: Several analysts have lowered their price targets for Ameresco, with Baird reducing it from $42 to $25, Roth MKM from $35 to $31, and Canaccord from $36 to $27.

Top Movers on Wall Street: Bloom Energy Corporation and Progyny saw significant gains after earnings reports, with increases of 10.0% and 9.8%, respectively, while several other companies also experienced notable rises.

Declines After Earnings: Iovance Biotherapeutics faced the largest drop at 19.2%, followed by DLocal and Rocket Lab USA, which fell by 17.1% and 13.4%, respectively, indicating a challenging earnings season for these firms.

Financial Performance: Ameresco, Inc. reported a strong fourth quarter for 2024 with total revenue increasing by 20.7% to $532.7 million and net income attributable to common shareholders rising by 14.6% to $37.1 million, despite challenges such as unexpected cost overruns on legacy projects.

Future Outlook: The company anticipates continued growth in 2025, projecting revenues between $1.85 billion and $1.95 billion, while also acknowledging potential impacts from changes in federal project funding priorities and the evolving political landscape.

Analyst Rating: Eric Stine from Craig-Hallum has maintained a Buy rating on Ameresco (AMRC), with the current analyst consensus being a Moderate Buy and an average price target of $28.50, while shares closed at $18.30.

Company Overview: Ameresco has a market cap of $959.7M and a P/E ratio of 18.26, with Stine focusing on the Industrials sector and having an average return of 3.8% on his stock recommendations.