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Ameresco Inc (AMRC)

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Upturn Advisory Summary
12/19/2025: AMRC (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $43.78
1 Year Target Price $43.78
| 4 | Strong Buy |
| 3 | Buy |
| 5 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 50.53% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.56B USD | Price to earnings Ratio 24.89 | 1Y Target Price 43.78 |
Price to earnings Ratio 24.89 | 1Y Target Price 43.78 | ||
Volume (30-day avg) 13 | Beta 2.51 | 52 Weeks Range 8.49 - 44.93 | Updated Date 12/21/2025 |
52 Weeks Range 8.49 - 44.93 | Updated Date 12/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.34% | Operating Margin (TTM) 7.79% |
Management Effectiveness
Return on Assets (TTM) 1.5% | Return on Equity (TTM) 6.62% |
Valuation
Trailing PE 24.89 | Forward PE 25.19 | Enterprise Value 3417175646 | Price to Sales(TTM) 0.83 |
Enterprise Value 3417175646 | Price to Sales(TTM) 0.83 | ||
Enterprise Value to Revenue 1.81 | Enterprise Value to EBITDA 14.59 | Shares Outstanding 34797456 | Shares Floating 31941933 |
Shares Outstanding 34797456 | Shares Floating 31941933 | ||
Percent Insiders 8.46 | Percent Institutions 98.58 |
Upturn AI SWOT
Ameresco Inc

Company Overview
History and Background
Ameresco Inc. was founded in 2000 by George R. Bahrs and John L. Bean. The company has established itself as a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and institutions. Over the years, Ameresco has grown through organic expansion and strategic acquisitions, solidifying its position in the energy services market.
Core Business Areas
- Energy Efficiency Solutions: Ameresco designs, engineers, and installs a wide range of energy efficiency upgrades, including lighting, HVAC, building envelope improvements, and water conservation measures. These solutions aim to reduce energy consumption and operational costs for clients.
- Renewable Energy Solutions: The company develops and implements renewable energy projects such as solar photovoltaic (PV) systems, battery storage, and combined heat and power (CHP) systems. These projects help clients generate their own clean energy and achieve sustainability goals.
- Operations and Maintenance (O&M) Services: Ameresco provides ongoing O&M services for its installed systems and for existing client facilities, ensuring optimal performance, reliability, and continued energy savings.
- Energy Supply Services: The company also offers energy supply services, procuring energy on behalf of clients and managing their energy contracts to secure favorable pricing and terms.
Leadership and Structure
Ameresco is led by a seasoned management team. The CEO is George R. Bahrs. The company operates through various divisions and regional offices to serve a diverse client base across North America and Europe. Its structure is designed to offer end-to-end solutions, from initial consultation and design to construction, financing, and ongoing support.
Top Products and Market Share
Key Offerings
- Integrated Energy Solutions: This encompasses a comprehensive suite of services combining energy efficiency, renewable energy generation, and advanced energy management systems. Market share data for this specific integrated offering is not readily available, but Ameresco is a significant player in the Energy Services Company (ESCO) market, competing with companies like Siemens, Johnson Controls, and Honeywell in various aspects of their offerings.
- Solar Photovoltaic (PV) Systems: Design, installation, and maintenance of solar power systems for commercial, industrial, and institutional clients. Ameresco competes in the distributed solar market against numerous solar installers and developers. Specific market share is difficult to pinpoint, but it's a growing segment for the company.
- Energy Efficiency Retrofits (HVAC, Lighting): Upgrades to heating, ventilation, air conditioning, and lighting systems to reduce energy consumption. This is a core service within the ESCO market, with strong competition from established players and specialized contractors.
- Battery Energy Storage Systems (BESS): Implementation of battery storage solutions to enhance grid reliability, manage peak demand, and integrate renewable energy sources. This is a rapidly growing market with increasing competition from technology providers and energy developers.
Market Dynamics
Industry Overview
Ameresco operates in the energy services and renewable energy sectors, which are experiencing significant growth driven by the increasing demand for sustainability, energy cost reduction, and decarbonization initiatives. Regulatory policies, corporate sustainability goals, and technological advancements are key drivers.
Positioning
Ameresco is well-positioned as a leading independent provider of comprehensive energy solutions. Its competitive advantages include a long track record, a broad range of offerings from efficiency to renewables, strong project development capabilities, and experience in securing financing for complex projects. Its independence allows for unbiased recommendations to clients.
Total Addressable Market (TAM)
The Total Addressable Market for energy efficiency and renewable energy solutions is substantial and growing rapidly. The global market for energy efficiency is valued in hundreds of billions of dollars, with the renewable energy sector even larger. Ameresco is positioned to capture a significant portion of this market, particularly within its focus segments of government, institutional, and commercial clients.
Upturn SWOT Analysis
Strengths
- Proven track record and extensive project experience.
- Comprehensive suite of energy efficiency and renewable energy solutions.
- Strong project development and financing capabilities.
- Established relationships with a diverse client base (government, education, healthcare).
- Independent provider, offering unbiased solutions.
Weaknesses
- Dependence on project-based revenue, which can lead to revenue volatility.
- Competition from larger, more diversified corporations in the energy sector.
- Potential challenges in scaling operations rapidly to meet surging demand.
Opportunities
- Increasing global focus on sustainability and decarbonization.
- Government incentives and policies supporting renewable energy and energy efficiency.
- Growth in demand for battery energy storage solutions.
- Expansion into new geographic markets and emerging technologies.
- Potential for strategic partnerships and acquisitions.
Threats
- Fluctuations in energy prices, which can impact the economic case for some projects.
- Changes in government regulations and policy support.
- Increased competition and potential for price erosion.
- Supply chain disruptions and rising material costs.
- Economic downturns affecting client investment capacity.
Competitors and Market Share
Key Competitors
- Siemens AG (SIEGY)
- Johnson Controls International plc (JCI)
- Honeywell International Inc. (HON)
- WEC Energy Group, Inc. (WEC)
- Constellation Energy Corporation (CEG)
Competitive Landscape
Ameresco's advantages lie in its independent status and specialized focus, allowing for tailored solutions. However, larger competitors often have greater financial resources and broader integrated offerings across various building technologies and utilities. The market is fragmented, with significant opportunities for agile players like Ameresco, but also intense competition.
Growth Trajectory and Initiatives
Historical Growth: Ameresco has experienced robust historical growth, driven by an increasing demand for its energy efficiency and renewable energy solutions, coupled with its ability to secure and execute large-scale projects. The company has consistently expanded its project pipeline and geographic reach.
Future Projections: Analyst projections for Ameresco's future growth are generally positive, anticipating continued expansion in its core markets, driven by the ongoing energy transition and government support for sustainability. Growth is expected to come from both new project development and an expanding backlog of secured projects.
Recent Initiatives: Recent initiatives likely include continued focus on expanding its renewable energy portfolio (especially solar and battery storage), pursuing larger government and institutional contracts, and potentially exploring new service offerings or geographic expansions through organic development or strategic acquisitions.
Summary
Ameresco Inc. is a strong player in the growing energy efficiency and renewable energy solutions market, benefiting from global sustainability trends. Its comprehensive service offering and proven project execution are key strengths. However, the company faces competition and potential revenue volatility due to its project-based model. Continued focus on innovation, strategic partnerships, and capitalizing on supportive government policies will be crucial for sustained growth.
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Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (e.g., 10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Market Research Reports
- Industry Analyst Reports
Disclaimers:
This JSON output is generated for informational purposes only and should not be considered financial advice. The data presented is based on publicly available information and may not be exhaustive or completely up-to-date. Market share data is an estimation and can vary based on methodology. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ameresco Inc
Exchange NYSE | Headquaters Framingham, MA, United States | ||
IPO Launch date 2010-07-22 | Founder, Chairman, CEO & President Mr. George P. Sakellaris P.E. | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 1500 | Website https://www.ameresco.com |
Full time employees 1500 | Website https://www.ameresco.com | ||
Ameresco, Inc. provides energy solutions in the United States, Canada, and Europe. It operates through North America Regions, U.S. Federal, Renewable Fuels, Europe, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. It also designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities; and projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. In addition, the company offers renewable energy solutions and services, such as the development and construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services; and sells electricity, processed renewable gas fuel, and heat or cooling produced from renewable sources of energy. Further, the company provides photovoltaic (PV) solar energy products and systems, as well as provides consulting, and enterprise energy management services; and operates wind farms. It serves the federal, state, local governments, utilities, healthcare and educational institutions, public housing authorities, public universities, municipal utilities, and commercial and industrial customers. Ameresco, Inc. was incorporated in 2000 and is headquartered in Framingham, Massachusetts.

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