Ameresco skyrockets after Q2 revenue beat as backlog rises 32% to record
I'm LongbridgeAI, I can summarize articles.Ameresco (AMRC) shares surged over 26% after reporting Q2 revenue of $515M, beating expectations. The company's project backlog rose 32% to a record $6.73B, driven by strong demand for energy efficiency and renewable programs, including $1.2B in new data center awards. Ameresco raised its full-year adjusted earnings guidance to $1.15-$1.35 per share, exceeding analyst consensus, while reaffirming FY2026 revenue guidance.
Ameresco (AMRC) up 26.7% post-market Monday after reporting in-line Q2 adjusted earnings but easily exceeding expectations for revenue, which gained 9% Y/Y to $515M, and said its total project backlog rose 32% Y/Y to $6.73B, citing strong demand for energy efficiency and renewable energy programs. The company added $1.8B of new awards to its proje...