Ameresco (NYSE:AMRC) Shares Gap Down Following Weak Earnings

Key Points

• Shares gapped down after Ameresco reported Q1 EPS of ($0.33), missing the ($0.27) consensus, even though revenue beat at $401.5M (up ~13.8% YoY).
• Management announced a major joint venture, Neogenyx Fuels, with HASI (Hannon Armstrong) that includes a $400M investment and a reported JV valuation of $1.8B, which could accelerate cash generation and de‑risk the renewables portfolio.
• Ameresco set FY‑2026 guidance of $1.06–$1.28 EPS and $2.0B–$2.2B revenue, prompting mixed analyst moves (price targets trimmed and raised) but a consensus rating of "Moderate Buy" and an average target near $39.10.

Ameresco, Inc. (NYSE:AMRC - Get Free Report)'s share price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $31.48, but opened at $29.72. Ameresco shares last traded at $30.0650, with a volume of 89,336 shares.

The utilities provider reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.06). The firm had revenue of $401.46 million for the quarter, compared to the consensus estimate of $362.92 million. Ameresco had a net margin of 2.29% and a return on equity of 4.49%. Ameresco's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) earnings per share. Ameresco has set its FY 2026 guidance at 1.060-1.280 EPS.

More Ameresco News

Here are the key news stories impacting Ameresco this week:

• Positive Sentiment: Revenue beat and solid top‑line growth — Ameresco reported Q1 revenue of $401.5M, about 14% year‑over‑year growth, beating analyst estimates and supporting the firm's growth narrative. Read More.
• Positive Sentiment: Major JV with HASI could be value‑accretive — Ameresco formed Neogenyx Fuels with HASI; HASI is investing $400M and the JV is valued at $1.8B, creating a new growth vehicle in advanced biofuels that could accelerate cash generation and de‑risk the renewables portfolio. Read More.
• Neutral Sentiment: Analyst consensus remains constructive — Brokerages show an average rating of "Moderate Buy," indicating continued analyst support despite mixed results. Read More.
• Neutral Sentiment: Earnings‑call commentary emphasizes a "transformative growth path," highlighting pipeline and execution themes that management is using to frame long‑term upside. Read More.
• Negative Sentiment: EPS missed expectations — Ameresco reported a Q1 loss of ($0.33) vs. the ($0.27) consensus, a notable beat on revenue but a near‑term earnings weakness that pressures short‑term sentiment. Read More.
• Negative Sentiment: FY‑2026 guidance a touch conservative — Ameresco set EPS guidance of $1.06–$1.28 and revenue guidance of $2.0B–$2.2B (consensus ~ $2.1B; consensus EPS ~1.15), which is slightly below some Street forecasts and may cap near‑term upside. Read More.
• Negative Sentiment: Price target trimmed by Baird — Robert W. Baird lowered its target from $44 to $36 but kept an "Outperform" rating, a mixed signal that reduces some upside implied by earlier targets. Read More.

Analyst Ratings Changes

Several research firms have commented on AMRC. Robert W. Baird decreased their price target on shares of Ameresco from $44.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday. Canaccord Genuity Group lifted their price target on shares of Ameresco from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. B. Riley Financial lifted their price target on shares of Ameresco from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Cantor Fitzgerald reissued an "overweight" rating on shares of Ameresco in a research note on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, January 10th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ameresco has a consensus rating of "Moderate Buy" and an average target price of $39.10.

Insider Activity at Ameresco

In related news, Director Nickolas Stavropoulos sold 15,700 shares of Ameresco stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total value of $536,155.00. Following the transaction, the director directly owned 14,111 shares of the company's stock, valued at $481,890.65. The trade was a 52.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 16,920 shares of company stock valued at $574,440 over the last quarter. 44.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMRC. State of Wyoming purchased a new position in shares of Ameresco in the fourth quarter worth $27,000. Fifth Third Bancorp bought a new stake in Ameresco in the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd bought a new stake in Ameresco in the fourth quarter valued at $48,000. CoreCap Advisors LLC bought a new stake in Ameresco in the third quarter valued at $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider's stock valued at $53,000 after acquiring an additional 1,754 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Ameresco Trading Down 0.4%

The firm has a market cap of $1.66 billion, a P/E ratio of 37.44, a PEG ratio of 2.60 and a beta of 2.55. The firm's fifty day moving average is $27.20 and its two-hundred day moving average is $31.13. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.56.

About Ameresco

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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