Ameresco (AMRC)
Builds and operates efficiency, renewable-energy and resilient infrastructure for public and commercial customers.
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Designs, builds, finances and operates energy-efficiency upgrades, distributed generation, storage and renewable-energy assets for public and commercial customers across North America and Europe. Most revenue comes from projects, supplemented by owned assets and long-term operations and maintenance.
Designs and builds energy-efficiency projects, aging-infrastructure upgrades, distributed generation and battery storage. Work spans North America and Europe through North America Regions, U.S. Federal and Europe operations, serving governments, utilities, institutions, data centers and commercial customers.
Earns mainly from Projects, supplemented by Energy Assets, Operations and Maintenance, and Other solutions including integrated solar products and consulting. The model combines engineering and construction with energy savings performance contracts, power purchase agreements and long-term plant operation. Renewable Fuels now sits in Neogenyx Fuels, a majority-owned joint venture for biogas assets.
Execution depends on converting awards into signed contracts, arranging financing, managing construction costs and keeping owned plants available. Government appropriations, permits and energy-policy changes shape project timing and asset economics.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $45 | Target: $36 |
| Aug 18, 2026 | Baird | Downgrade | ||
| Aug 4, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: $50 | Target: $62 |
| Aug 4, 2026 | Exane BNP Paribas | Upgrade | ||
| Aug 4, 2026 | BNP Paribas | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $138.3M · Total debt $2.02B · Total assets $4.83B · Shareholders' equity $1.35B
- Revenue
- $515.5M
- Operating income
- $43.8M
- Net income
- $9.7M
No dividends on record.
| Institutions | ≈ 65.79% | 34.91M shares | |
|---|---|---|---|
| 193 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 45.18% | 23.98M shares | |
| 16 holders · as of Sep 17, 2026 | |||
| Strategic holders | 4.30% | 2.28M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Adds to | 115.27% | ||
53.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 115.27%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
George P. Sakellaris1,2Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 39.37% | 20.72M COMPANY | filed Sep 14, 2026 |
Wellington Management Group LLPInstitution | 6.36% | 3.37M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.00% | 2.65M A | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 4.30% | 2.28M | filed Feb 3, 2022 |
Grantham, Mayo, van Otterloo & Co. LLCInstitution | 3.83% | 2.03M A | as of Jun 30, 2026 |
- George P. Sakellaris's transaction reports restate only vehicles that traded; the 2025 ownership statement (20.72M) plus the 166.2K net shares acquired since is used instead.
- George P. Sakellaris reports a block also reported by DNB Asset Management As; it is counted once, under DNB Asset Management As.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Louis P. Maltezos | officer: Co-President | −592 | $22.46 |
| Sep 15, 2026 | Mark Chiplock | officer: EVP, CFO & CAO | −476 | $22.46 |
| Aug 28, 2026 | George P. Sakellaris | director, 10 percent owner, officer: Chief Executive Officer | +3,000 | $22.13 |
| Aug 27, 2026 | George P. Sakellaris | director, 10 percent owner, officer: Chief Executive Officer | +4,000 | $22.84 |
| Aug 26, 2026 | George P. Sakellaris | director, 10 percent owner, officer: Chief Executive Officer | +1,000 | $21.92 |
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- OPAL
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ameresco | $23.96 | −0.52% | $1.28B | 46.3 | 17.1 | 0.6 | +9.1% |
| Johnson Controls | $145.68 | +0.34% | $87.94B | 25.3 | 25.0 | 3.5 | +9.3% |
| Honeywell Technologies | $211.64 | +2.50% | $65.44B | 8.0 | 22.9 | 1.8 | −49.9% |
| Carrier Global | $55.18 | +1.03% | $45.02B | 37.9 | 17.8 | 2.0 | +3.9% |
| Willdan Group | $79.66 | −0.70% | $1.21B | 18.8 | 15.9 | 1.6 | −32.4% |
| EMCOR Group | $754.69 | −0.40% | $33.42B | 23.7 | 21.6 | 1.8 | +19.8% |
| OPAL | $1.96 | +1.03% | $54.9M | — | 2.1 | 0.2 | +7.4% |
| Median | 23.7 | 19.7 | 1.8 | +5.6% |