Overview

* Ameresco ( AMRC ) Q3 revenue rises 5% yr/yr to $526 mln, driven by energy infrastructure demand

* Adjusted EBITDA for Q3 beats analyst expectations, growing 13% to $70.4 mln

* Company reaffirms 2025 guidance, citing strong project backlog and long-term revenue visibility

Outlook

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

* Company expects adjusted EBITDA of $225 mln to $245 mln for 2025

* Company sees long-term growth targets of 10% revenue and 20% adjusted EBITDA

Result Drivers

* PROJECT BACKLOG - Ameresco's ( AMRC ) total project backlog exceeded $5 bln, enhancing long-term revenue visibility

* DEMAND FOR ENERGY SOLUTIONS - Strong demand for energy infrastructure solutions drove revenue growth, per CEO George Sakellaris

* NEW CONTRACTS - Successful business development activities resulted in new project and O&M contract wins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.35 $0.23 (9

Adjusted Analysts

EPS )

Q3 EPS $0.35

Q3 Net $18.50

Income mln

Q3 Beat $70.40 $65.56

Adjusted mln mln (10

EBITDA Analysts

)

Q3 Gross 16%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "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 $40.00, about 1.2% above its October 31 closing price of $39.52

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(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.)