Ameresco (NYSE:AMRC) Shares Climb 13.7% After Earnings Beat

Posted by George Bondi on Nov 10th, 2026

Shares of Ameresco, Inc. (NYSE:AMRC – Get Free Report) rose 13.7% on Tuesday following a better than expected earnings announcement. The company traded as high as $24.89 and last traded at $25.53. Approximately 92,440 shares changed hands during trading, a decline of 84% from the average daily volume of 594,008 shares. The stock had previously closed at $22.45.

The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.57 by $0.31. Ameresco had a net margin of 1.40% and a return on equity of 2.82%. The company had revenue of $580.32 million for the quarter, compared to the consensus estimate of $572.89 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis.

Ameresco News Summary

Here are the key news stories impacting Ameresco this week:

Positive Sentiment: Ameresco raised its FY 2026 outlook to EPS of $1.85–$1.95, well above the $1.23 consensus, and revenue of $2.1–$2.2 billion versus the $2.1 billion estimate. The stronger earnings outlook is a key potential catalyst. Ameresco Reports Third Quarter 2026 Financial Results
Positive Sentiment: Q3 EPS was $0.88 versus the roughly $0.57 analyst consensus, while revenue of $580.3 million topped the $572.9 million estimate and grew 10.3% year over year. Ameresco Q3 Earnings and Revenues Beat Estimates
Positive Sentiment: Ameresco’s reported $7.15 billion backlog points to substantial project demand and potential future revenue. Ameresco Q3 2026: Record $7.15B Backlog Signals Real Growth
Neutral Sentiment: For Q4, EPS guidance of $0.95–$1.05 is above the $0.77 consensus, but revenue guidance of $625–$650 million has a midpoint slightly below the $639.2 million estimate.
Neutral Sentiment: Ameresco said it expects 12 to 18 months to convert five data-center projects into contracted backlog. The opportunity is promising, though conversion and revenue are not immediate. Ameresco outlines timeline to convert data-center projects

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMRC shares. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded shares of Ameresco to a “strong-buy” rating in a report on Thursday, September 3rd. BNP Paribas Exane raised Ameresco from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $40.00 in a research note on Tuesday, August 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ameresco in a research note on Tuesday, November 3rd. Finally, UBS Group boosted their price target on Ameresco from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

View Our Latest Research Report on Ameresco

Insider Transactions at Ameresco

In other Ameresco news, Director Brian C. Cox bought 4,625 shares of Ameresco stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $21.64 per share, with a total value of $100,085.00. Following the transaction, the director directly owned 44,325 shares of the company’s stock, valued at $959,193. This represents a 11.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer L. Miller purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average price of $20.96 per share, with a total value of $41,920.00. Following the completion of the purchase, the director owned 34,546 shares in the company, valued at $724,084.16. This represents a 6.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 29,325 shares of company stock worth $628,664 in the last ninety days. 45.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRC. Royce & Associates LP increased its stake in shares of Ameresco by 10.2% during the third quarter. Royce & Associates LP now owns 1,100,165 shares of the utilities provider’s stock valued at $22,784,000 after purchasing an additional 101,982 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ameresco by 9.6% during the third quarter. Russell Investments Group Ltd. now owns 192,625 shares of the utilities provider’s stock valued at $3,989,000 after purchasing an additional 16,870 shares during the last quarter. Gagnon Securities LLC boosted its position in shares of Ameresco by 8.5% in the 3rd quarter. Gagnon Securities LLC now owns 896,427 shares of the utilities provider’s stock worth $18,565,000 after purchasing an additional 69,865 shares in the last quarter. Fulcrum Asset Management LLP boosted its holdings in Ameresco by 217.1% in the third quarter. Fulcrum Asset Management LLP now owns 6,672 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 4,568 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Ameresco by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,868 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 832 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Ameresco Stock Performance

The stock has a market capitalization of $1.36 billion, a PE ratio of 49.23, a PEG ratio of 1.58 and a beta of 2.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.67 and a quick ratio of 1.66. The business has a 50 day moving average price of $21.46 and a 200 day moving average price of $26.20.

Ameresco Company Profile

(Get Free Report)

Ameresco, Inc is a clean-energy and energy-efficiency company that develops, designs, builds, and operates projects for public- and private-sector customers. Its clients include federal, state and local government agencies, schools, healthcare organizations, utilities, and commercial and industrial businesses.

The company’s services include improving the energy performance of buildings and infrastructure, developing renewable-energy projects, and providing distributed energy systems, microgrids, energy storage, and related operations and maintenance.