Ameresco Q2 earnings call highlights. August 3, 2026 Key points. * Ameresco reported strong Q2 growth, with revenue up 9% year over year to $515 million, adjusted EBITDA up 12% to $62.8 million, and non-GAAP EPS of $0.20. The company raised its 2026 non-GAAP EPS outlook to $1.15-$1.35 while reaffirming broader full-year guidance. * New project awards reached a record $1.8 billion, driven by $1.2 billion in data center-related power infrastructure. Awarded backlog climbed 65% to $4.4 billion, while total project backlog rose 32% to $6.7 billion. * Ameresco's data center pipeline includes five awarded projects representing more than 1 gigawatt of power generation, but meaningful revenue is not expected until 2028-2030. The company also expanded its operating energy asset base to 822 MW and maintained leverage below its covenant at 3.2 times. * MarketBeat previews top five stocks to own in September. Ameresco NYSE: AMRC reported second-quarter 2026 revenue of $515 million, up 9% from a year earlier, while highlighting a record $1.8 billion in new project awards led by data center-related power infrastructure projects. Chairman and Chief Executive Officer George Sakellaris described the quarter as "transformational," citing $1.2 billion of data center awards and $600 million of awards across the company's other markets. The company also completed its Neogenyx joint venture with HASI, brought major battery storage and solar projects online, and reorganized around two market pillars: Power Infrastructure and Buildings & Public Infrastructure. Record backlog led by Data Center awards. Ameresco said awarded project backlog rose 65% year over year to a record $4.4 billion, contributing to a 32% increase in total project backlog to $6.7 billion. Chief Financial Officer Mark Chiplock said the company expects to convert that backlog over the next three to four years, although timing will depend on commercial, permitting, procurement, financing and execution milestones. The company added three data center projects to awarded backlog during the quarter, bringing the total to five projects, excluding the Lemoore Data Center in its energy assets portfolio. The projects expanded Ameresco's data center footprint into Texas and Arizona and collectively represent more than 1 gigawatt of power generation, according to Co-President Nicole Bulgarino. The company's proposed solutions include reciprocating engines, gas turbines, fuel cells, battery energy storage systems and integrated microgrids. Bulgarino said Ameresco is concentrating on on-site power solutions and working with developers, operators, hyperscalers, capital providers and other participants in the data center ecosystem. During the question-and-answer session, Sakellaris said the projects currently included in awards represent only part of the potential scope. He said the current awards could grow to roughly $2 billion as development progresses and additional phases are defined. The company is also evaluating at least as many additional data center opportunities as the five currently in awarded backlog, he said. Ameresco said data center awards generally could move from the awarded category into contracted backlog within six to 24 months. Sakellaris said the company does not expect a major revenue contribution from the data center projects until 2028 through 2030, though there could be a smaller impact in 2027. Once contracted, large and complex projects may require up to three years of implementation, particularly where a data center campus is developed in multiple phases. Discover more MarketBeat Research Tools Chief Investment Officer Josh Baribeau said revenue from the data center work is expected to be recognized under the company's normal engineering, procurement and construction, or EPC, revenue model rather than through asset sales. Sakellaris said margins on the projects are expected to be similar to Ameresco's federal EPC work, in the high teens. Financial results and operating portfolio. Project revenue increased 6% to $381 million in the quarter, supported by federal and North American activity as well as the company's European joint venture. Energy asset revenue rose 21% to $76 million, while operations and maintenance revenue increased 29%. Ameresco placed an additional 32 megawatts into operation during the quarter. Its operating energy asset base reached 822 MW, with another 513 MW in development for construction. Those figures reflect Ameresco's 70% ownership interest in the Neogenyx joint venture. * Gross margin was 17.7%, improving both sequentially and from a year earlier. * Net income attributable to common shareholders was $9.7 million, or $0.18 per diluted share. * Non-GAAP earnings per share were $0.20. * Adjusted EBITDA increased 12% to $62.8 million. Chiplock said earnings per share reflected higher depreciation and interest expense related to growth in the energy asset portfolio, as well as a lower tax benefit and the non-controlling interest effect of the Neogenyx transaction. Capital position and guidance. Ameresco ended the quarter with $138 million in unrestricted cash and $385 million of total corporate debt. Corporate leverage was 3.2 times, below its 3.5-times covenant, Chiplock said. The company secured $471 million of new financing commitments during the quarter, including $400 million associated with Neogenyx. Sakellaris said the partnership with HASI has provided capital flexibility and has also generated additional development and potential project acquisition opportunities. Ameresco said it may consider another capital vehicle similar to Neogenyx to support large data center opportunities if the right partner and economics emerge, but it did not announce a specific transaction. The company reaffirmed its full-year 2026 guidance across its metrics and raised its non-GAAP earnings-per-share outlook to a range of $1.15 to $1.35. Chiplock said the increase reflects an expected tax benefit rate of 25% to 40%, supported by a planned second-half transition to a new accounting policy for transferable tax credits. Under the new approach, Ameresco expects to recognize investment tax credit benefits in the period in which they are generated rather than spreading the benefit across the life of related assets. Prior-period results will be recast once the policy is adopted. For the second half, Ameresco expects its typical seasonal pattern, with activity weighted somewhat more heavily toward the fourth quarter. The company said continued project execution, backlog conversion, cash conversion efforts and cost management will support its outlook. About Ameresco (NYSE:AMRC). Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients. Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas-to-energy, energy storage and microgrid installations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Ameresco, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameresco wasn't on the list. While Ameresco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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Ameresco's Louis Maltezos honored as Gold Stevie(R) Award winner in 2026 Stevie Awards for Technology Excellence. Ameresco's Co-President recognized for leading high-impact energy efficiency projects across public sector and education markets. FRAMINGHAM, MA, July 29, 2026 - Ameresco, Inc., (NYSE: AMRC), a leading energy infrastructure company delivering integrated solutions to create reliable power and modernize infrastructure, today announced that Louis Maltezos, Co-President, has been named the winner of a Gold Stevie(R) Award in the Executive of the Year - Energy Technology category in the third annual Stevie Awards for Technology Excellence. The Stevie Awards for Technology Excellence celebrate the remarkable accomplishments of individuals, teams, and organizations shaping the future of technology across all industry sectors. Mr. Maltezos has built a track record as a results-oriented executive who turns strategy into measurable outcomes. As demand for resilient, cost-effective energy infrastructure has accelerated, he has taken on a central role in operational execution, market growth, and the expansion of Ameresco's Buildings & Public Infrastructure business with a focus on energy efficiency and distributed energy solutions. Mr. Maltezos was recognized for his project leadership across public sectors and education. His work in K-12 stands out for helping districts reduce energy costs amid tight budgets while giving students exposure to real-world energy infrastructure technology. Projects in Saginaw Public Schools and Tacoma Public Schools reflect his ability to deliver scalable solutions with both financial and community benefits. This recognition follows his 2026 appointment to Co-President, a role in which he has continued unifying regional teams across geographies and advancing deployment of Ameresco's Smart Building Solutions portfolio. "Lou's leadership reflects exactly what this award recognizes: the ability to turn complex energy infrastructure challenges into practical solutions with lasting impact for our partners and communities," said George Sakellaris, Chief Executive Officer of Ameresco. "This honor is a well-deserved recognition of his vision and the impact he continues to have across our organization." More than 180 professionals worldwide participated in the judging process to select this year's honorees. "I'm honored to be recognized by the Stevie Awards. This recognition also reflects the work of our teams on the ground, from the districts and municipal leaders we collaborate with to the colleagues driving these projects every day," said Maltezos. "Our focus has always been on delivering reliable energy infrastructure that produces real, measurable results for our partners and the communities they serve." Details about the Stevie Awards for Technology Excellence and the list of 2026 Stevie winners are available at http://Tech.StevieAwards.com. About Ameresco, Inc. Ameresco, Inc. (NYSE: AMRC) is a leading energy infrastructure company delivering integrated solutions to create reliable power and modernize infrastructure. The company's Power Infrastructure business integrates energy resources across behind-the-meter and utility-scale systems. Its Buildings & Public Infrastructure business modernizes the built environment with smart, connected solutions that optimize performance and enhance resilience. Ameresco is a trusted full lifecycle partner, delivering over $15 billion in solutions and contracting over 5 GW of energy resources since its founding in 2000. Headquartered in Massachusetts, Ameresco serves public and private sector customers across North America and Europe. Learn more at www.ameresco.com. About the Stevie Awards The Stevie(R) Awards, widely recognized as the world's premier business awards, are nicknamed the Stevies, derived from the Greek word stephanos, meaning "crowned." The Stevie Awards are conferred through nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards(R), The International Business Awards(R), the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Technology Excellence, and the Stevie Awards for Sales & Customer Service. The Stevie Awards receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com. What did Ameresco announce in Framingham, Massachusetts about Louis Maltezos and the 2026 Stevie Awards for Technology Excellence? Why did Ameresco Co-President Louis Maltezos receive the 2026 Gold Stevie Award for Energy Technology? How have Ameresco energy efficiency projects benefited Saginaw Public Schools and Tacoma Public Schools? How do students and school districts benefit from Ameresco K-12 energy infrastructure projects? What energy infrastructure solutions are highlighted in Ameresco's recognition of Louis Maltezos? What are Ameresco Smart Building Solutions for public sector and education customers? How does Ameresco help public sector and education organizations address energy infrastructure challenges? Why is the Gold Stevie Award important for Ameresco and its energy infrastructure business? Get in touch today to energize a sustainable tomorrow. Ready to start the conversation? Ameresco is here to show you the way. Take the first step by reaching out to Ameresco. 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