Ameresco (4AM) AI Stock Analysis

Ameresco

(Frankfurt:4AM)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Backlog ExpansionRecord awards and substantial backlog growth provide multi-year revenue visibility and support future project conversion. The scale of contracted opportunities can improve resource utilization, deepen customer relationships, and strengthen Ameresco’s position in expanding energy infrastructure markets over the coming quarters.

Negative Factors

Weak Cash ConversionPersistently negative operating and free cash flow means reported profits are not converting reliably into liquidity. Project billing and collection timing can therefore increase reliance on financing, constrain investment flexibility, and make execution or working-capital setbacks more consequential over the next several quarters.

Ameresco (4AM) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 1.08B
Dividend Yield: ―
Average Volume (3M): 204
Price to Earnings (P/E): 38.3
Beta (1Y): 0.35
Revenue Growth: 1.67%
EPS Growth: -57.48%
Country: Germany
Employees: 1,601
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Ameresco Business Overview & Revenue Model

Company Description

Ameresco, Inc. operates as a clean technology integrator, offering a broad spectrum of solutions focused on energy efficiency and sustainable energy generation across the United States, Canada, and global markets. The company serves diverse businesse...

Ameresco Earnings Call Summary

Earnings Call Date:Aug 02, 2026(Q2-2026)|% Change Since:0.27%|Next Earnings Date:Nov 08, 2026

Earnings Call SentimentPositive

The call conveyed a largely positive outlook driven by record awards, substantial backlog growth, improved margins, growing energy asset and O&M businesses, and strengthened capital via the Neogenyx JV. The company acknowledged near-term cash conversion and working capital timing pressures, modest GAAP profitability impacted by asset growth and transaction-related non-controlling interests, and execution risks tied to permitting, supply chain, and project timelines for large data center opportunities. Overall, the upside from robust awards, diversified recurring revenue streams, and financing support outweigh the near-term operational and timing challenges.

Positive Updates

Record New Awards

New awards reached a record $1.8 billion for the quarter, driven by $1.2 billion in data center awards and $600 million across other markets.

Negative Updates

Working Capital and Cash Conversion Drag

Adjusted cash from operations was negatively impacted by timing of project execution, billings and collections as significant work was performed ahead of contractual billing milestones; management flagged cash conversion as a key priority for H2.

Company Guidance

Management reaffirmed full‑year 2026 guidance across all metrics while raising non‑GAAP EPS guidance to $1.15–$1.35 (driven by an expected tax‑benefit rate of 25%–40% tied to a planned H2 accounting change for transferable tax credits); they expect awarded backlog to convert to revenue over the next 3–4 years and cited record Q2 new awards of $1.8B ($1.2B data centers, $600M other) with awarded backlog up 65% to $4.4B and total project backlog up 32% to $6.7B. Management said the second half should follow a normal seasonal cadence weighted toward Q4, is prioritizing cash conversion, and highlighted balance‑sheet flexibility with $138M unrestricted cash, $385M total corporate debt (3.2x leverage vs a 3.5x covenant) and $471M of new financing commitments (including $400M related to the Neogenyx JV).

Ameresco Risk Analysis

Ameresco disclosed 43 risk factors in its most recent earnings report. Ameresco reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

1 New Risk

1.Our business is subject to numerous risks, a number of which are described below and under “Risk Factors” in Part I, Item 1A of our 2025 Form 10-K.You should carefully consider these risks together with the other information set forth in this report, which could materially affect our business, financial condition and future results. The risks described in Part I, Item 1A of our 2025 Form 10-K are not the only risks we face. Risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition, and operating results.Q2, 2026

Ameresco Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:4AM against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLDN	77Outperform	$1.12B	16.65	20.92%	―	18.09%	78.28%
EME	75Outperform	$29.75B	19.64	38.78%	0.24%	22.13%	39.30%
TTEK	74Outperform	$9.90B	23.14	23.76%	0.71%	-7.61%	105.41%
IESC	69Neutral	$8.30B	18.04	44.00%	―	22.66%	83.09%
MYRG	66Neutral	$4.40B	22.77	26.32%	―	22.78%	99.70%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

* Industrials Sector Average

Performance Comparison

DE:4AM and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:4AM	Ameresco, Inc.	18.45	-14.75	-44.43%
EME	EMCOR Group, Inc.	679.55	26.45	4.05%
IESC	IES Holdings, Inc.	205.96	12.40	6.40%
MYRG	MYR Group Inc	282.62	52.48	22.80%
TTEK	Tetra Tech	38.65	6.82	21.43%
WLDN	Willdan	73.59	-17.25	-18.99%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Ameresco AI Stock Analysis