Overview

* Ameresco Q2 2025 revenue grows 8% yr/yr, driven by European and Energy Asset growth

* Adjusted EBITDA for Q2 2025 beats analyst expectations, rising 24% yr/yr

* Company reiterates 2025 guidance, with project backlog exceeding $5 bln

Outlook

* Ameresco ( AMRC ) reiterates 2025 revenue guidance of $1.85 bln to $1.95 bln

* Company maintains 2025 adjusted EBITDA guidance of $225 mln to $245 mln

* Ameresco ( AMRC ) sees no short-term material impact from OBBB Act changes

Result Drivers

* EUROPEAN GROWTH - Revenue growth driven by continued expansion in Europe and Energy Asset business

* PROJECT EXECUTION - Strong project execution and backlog conversion contributed to 8% revenue increase

* OPERATING LEVERAGE - 24% rise in adjusted EBITDA attributed to significant operating leverage in business model

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.27 $0.02 (8

Adjusted Analysts

EPS )

Q2 EPS $0.24

Q2 Net $12.90

Income mln

Q2 Beat $56.10 $51.60

Adjusted mln mln (9

EBITDA Analysts

)

Q2 Gross 15.5%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

* Wall Street's median 12-month price target for Ameresco Inc ( AMRC ) is $20.00, about 20.7% above its August 1 closing price of $15.87

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)