AMRC News & Events

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.

Consensus $1.16. Backs FY26 revenue view to $2B-$2.2B, consensus $2.1B.

Reports Q1 revenue $401.5M, consensus $362.92M. CEO George Sakellaris commented, "The first quarter represented a solid start to the year, with revenue growth of 14% despite adverse weather conditions. During the quarter we secured over half a billion dollars in new project awards, driving 20% growth in our Awarded Backlog which now stands at almost $2.8 billion."