Ameresco, Inc. Class A (AMRC)

Ameresco's stock has experienced fluctuations in the past six months. The stock was up 36% over the past three months due to growth and anticipated demand, but down almost 22% in the past month. Q3 2025 earnings exceeded market expectations, with sales increasing by 5% year-on-year and adjusted EPS surpassing estimates, and the company reaffirmed its full-year 2025 revenue guidance. Concerns about high debt, increased interest expenses, and weaker cash flow have been identified as potential risks.

Ameresco's business can be affected by seasonality in construction and in the demand for its products and services. Certain periods of the year may see higher or lower activity in project development and implementation, as well as in the demand for its energy efficiency and renewable energy solutions.

Ameresco, Inc. is a cleantech integrator and renewable energy asset developer, owner, and operator. The company operates in the Renewable Energy Equipment & Services sector and the Industrials industry, offering energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy supply solutions. Its services are divided into Projects, Energy Assets, and Operations & Maintenance, including EPC of energy infrastructure, electricity and RNG sales, and ongoing services for small-scale plants.

Ameresco, Inc. has a significant geographic footprint across North America and Europe. The majority of its revenue, approximately 81.7%, is generated in the United States. Europe accounts for about 14.2% of its total revenue, and Canada contributes around 4.1%. The company has actively expanded its presence in Europe, particularly in Italy and the UK.

Ameresco has maintained a positive brand reputation, marked by its commitment to sustainability and innovation. The company received a Gold Award in the 2025 Globee Awards for American Business and has been involved in launching energy initiatives. Ameresco's mission to energize a sustainable world and its focus on delivering environmental improvement and economic value for clients contribute to its strong reputation as a cleantech integrator.

Ameresco, Inc.'s ownership is a mix of institutional funds, individual investors, and insider holdings. Institutional investors hold a substantial portion of the company's stock, between approximately 63.79% and 83.95%. Major institutional owners include Wellington Management Group Llp, Grantham, Mayo, Van Otterloo & Co. LLC, BlackRock, Inc., and Vanguard Group Inc. Founder George Sakellaris is the largest individual shareholder, holding approximately 6.58% of the company's stock. Insiders collectively own about 7.68% of the stock.