Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

AMERESCO, INC.

(AMRC)
  Report
Delayed Nyse  -  04:00 2022-09-29 pm EDT
63.81 USD   -8.70%
09/26Ameresco Shares Rise After BofA Securities Upgrade
MT
09/26BofA Securities Upgrades Ameresco to Buy From Neutral, Trims Price Target to $73 From $74
MT
09/21Ameresco to Participate at Upcoming Conference
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ameresco, Inc. - CLIMATE SMART BUILDINGS INITIATIVE POSITIONS FEDERAL GOVERNMENT FOR CLEAN ENERGY TRANSFORMATION THROUGH ENERGY SAVINGS PERFORMANCE CONTRACTS

08/04/2022 | 09:15am EDT

FRAMINGHAM, Mass. - Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, welcomes announcement from the White House regarding the Climate Smart Buildings Initiative. This government-wide initiative is focused on leveraging Energy Savings Performance Contracting (ESPC) to reduce energy costs, create jobs and cut greenhouse gas emissions. It is expected to accelerate energy efficiency projects by leveraging public-private partnerships designed to create and support nearly 80,000 American jobs and achieve up to 2.8 million metric tons of GHG reductions annually by 2030.

Among other ambitious goals, this initiative will leverage $250 million in funding from the Infrastructure Investment and Jobs Act, and work to continue raising the bar through collaboration and capacity building to scale up progress to a net zero economy. It is an important component of the President's Federal Sustainability Plan, which aims to lead by example in Federal buildings by reducing emissions by 50 percent by 2032 and ultimately achieving net-zero emissions by 2045.

'We applaud the Biden Administration personnel and Congressional champions for their steadfast focus on continuing to advance the clean energy transformation through innovative programs such as the Climate Smart Buildings Initiative,' said Nicole Bulgarino, Executive Vice President, Ameresco. 'Ameresco is focused on providing ESPC solutions to customers looking to renew their facilities and reduce their energy costs without the need for upfront capital. These kinds of transformative energy projects are typically financed through future energy savings. We look forward to further utilizing our more than 22 years of ESPC experience to help the Federal Government reach their ambitious goals.'

Ameresco has been a long-term partner and champion of sustainability at Federal buildings throughout the country. One such example that was featured by the White House is the 2019 completion of the Department of Defense's U.S. Marine Corps Recruit Depot Parris Island project. This ESPC with Ameresco resulted in a project that encompassed more than 120 buildings and reduced overall energy use by 75%.

To learn more about Ameresco and the company's clean energy solutions, visit www.ameresco.com.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to customers throughout North America and Europe. In support of our customers pursuit of Net Zero, our sustainability services include upgrades to a facility's energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

Contact:

Media

Ameresco

Leila Dillon

T: 508-661-2264

E: news@ameresco.com

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about AMERESCO, INC.
09/26Ameresco Shares Rise After BofA Securities Upgrade
MT
09/26BofA Securities Upgrades Ameresco to Buy From Neutral, Trims Price Target to $73 From $..
MT
09/21Ameresco to Participate at Upcoming Conference
BU
09/15New Solar Array and Battery Storage Complex at CMC Spring Valley the Largest of its Kin..
BU
09/15Ameresco earns certification as a great place to work
AQ
09/14Ameresco Earns Certification As A Great Place to Work®
BU
09/09Ameresco, Inc. - JOINT BASE MCGUIRE-DIX-LAKEHURST PARTNERS WITH AMERESCO FOR RESILIENT,..
AQ
09/08Joint Base McGuire-Dix-Lakehurst Partners with Ameresco for Resilient, Secure and Susta..
BU
09/08Joint Base Mcguire-Dix-Lakehurst Partners with Ameresco for Resilient, Secure and Susta..
CI
09/01Ameresco completes 'brightfield' solar project on former brownfield site in illinois
AQ
More news
Analyst Recommendations on AMERESCO, INC.
More recommendations
Financials (USD)
Sales 2022 1 863 M - -
Net income 2022 98,9 M - -
Net Debt 2022 - - -
P/E ratio 2022 34,6x
Yield 2022 -
Capitalization 3 308 M 3 308 M -
Capi. / Sales 2022 1,78x
Capi. / Sales 2023 2,05x
Nbr of Employees 1 272
Free-Float 58,2%
Chart AMERESCO, INC.
Duration : Period :
Ameresco, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMERESCO, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 63,81 $
Average target price 71,58 $
Spread / Average Target 12,2%
EPS Revisions
Managers and Directors
George Peter Sakellaris Chairman, President & Chief Executive Officer
Spencer Doran Hole Chief Financial Officer & Senior Vice President
Joseph W. Sutton Lead Independent Director
Douglas I. Foy Independent Director
Frank V. Wisneski Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMERESCO, INC.-21.65%3 623
ENPHASE ENERGY, INC.59.78%39 596
TONGWEI CO.,LTD6.72%29 322
SUNGROW POWER SUPPLY CO., LTD.-22.15%23 262
JA SOLAR TECHNOLOGY CO., LTD.0.51%21 622
TRINA SOLAR CO., LTD-14.39%20 101