Ameresco Inc

Ameresco announced second-quarter 2026 results on August 3, landing $1.8 billion in new project awards, the largest haul in its history, with $1.2 billion of that tied to data center power projects. Total backlog climbed 32% year over year to a record $6.73 billion, and awarded backlog in the Power Infrastructure business jumped 65% to $4.4 billion, giving management visibility into the next three to four years. Revenue rose 9% year over year to $515.5 million, gross margin expanded to 17.7%, and adjusted EBITDA climbed 12% to $62.8 million, while management raised full-year Non-GAAP EPS guidance to a range of $1.15 to $1.35 on a wider expected tax benefit tied to transferable tax credits. Cash rose to $138.3 million from $71.8 million at the end of 2025, and corporate leverage stood at 3.2 times EBITDA, below the 3.5 times covenant limit. But net income attributable to common shareholders fell to $9.7 million, or $0.18 per diluted share, from $12.9 million and $0.24 a year earlier, and for the first six months of 2026 the company posted a net loss attributable to common shareholders of $8.6 million, versus a $7.4 million profit a year earlier, which management blamed on higher depreciation and interest expense, a smaller tax benefit, and the drag from non-controlling interest tied to the Neogenyx transaction.

Ameresco appointed interim financial leadership roles to maintain operational continuity ahead of Chief Financial Officer Mark Chiplock's scheduled departure. Vice Presidents of Finance Julie Bradshaw and Debbie Angelico will serve as interim principal financial officer and interim principal accounting officer, respectively, with the appointments taking effect ahead of Chiplock's planned departure on September 25, 2026. The company confirmed that a search for a permanent successor is currently underway, aiming to provide stability and oversight across its financial and accounting operations during the transition period. Shares of the energy and renewable energy projects company jumped 4.9% in the afternoon session on the news. Ameresco is down 21.8% since the beginning of the year, and at $23.99 per share, it is trading 44.5% below its 52-week high of $43.23 from October 2025.

Quanta Services reported second-quarter revenues of $9.56 billion, up 41.1% year on year and 12% above analysts' expectations, the strongest beat and largest full-year guidance raise among the four energy products and services stocks tracked. The company also beat analysts' EPS and EBITDA estimates, and CEO Duke Austin said total backlog reached a record level at quarter end as revenue, adjusted EBITDA and adjusted diluted earnings per share all posted strong double-digit growth. Quanta is significantly increasing its full-year 2026 financial expectations across all metrics, citing improved visibility into the back half of the year and the expected contribution from recently completed acquisitions. Its stock is up 11.8% since reporting and trades at $627.50. Among peers, Ameresco reported revenues of $515.5 million, up 9.1% year on year and 11.9% above expectations, though its full-year EBITDA guidance missed; FTAI Infrastructure reported revenues of $186.8 million, up 52.7% but 2.6% short of expectations; and MDU Resources reported revenues of $375.3 million, up 6.9% but 5.4% below expectations. As a group, the four stocks beat consensus revenue estimates by 4% and are up 1.8% on average since their latest earnings results.

Ameresco is scheduled to announce its second-quarter earnings results on Monday, August 3rd, after market close. The consensus EPS estimate stands at $0.20, representing a 25.9% decline year-over-year, while the consensus revenue estimate is $460.72 million, down 2.5% from the prior year. Over the past two years, the company has beaten EPS estimates 63% of the time and revenue estimates 100% of the time. In the last three months, EPS estimates have seen one upward revision and four downward revisions, while revenue estimates have received zero upward revisions and seven downward revisions.