Latest news with #Ameresco
Yahoo
a day ago
- Business
- Yahoo
Ameresco Generates over $70 Million in Cash Proceeds from Sale of RNG-Related Investment Tax Credits
RNG Tax Credit Sale Underscores Ameresco's Innovation in Clean Energy Finance FRAMINGHAM, Mass., June 02, 2025--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition today announced the successful sale of approximately $71 million in Investment Tax Credits (ITCs) generated from three of its landfill-gas-to-renewable natural gas (RNG) projects. These projects, which Ameresco developed, constructed, financed, and currently operates, were placed in service in 2024. This transaction marks Ameresco's third ITC sale to a corporate buyer and its first sale of RNG tax credits under the transferability rules, demonstrating the company's ability to capitalize on clean energy incentives and project financing through multiple means and a diversified pool of lenders and investors. "We are excited to complete our first RNG tax credit sale, which reflects the growing value and market confidence in renewable natural gas as a critical component of the clean energy transition," said Mike Bakas, President of Renewable Fuels at Ameresco. "This milestone builds on our recent success monetizing solar and battery storage tax credits, including our landmark transaction with MassMutual, and demonstrates our ability to leverage a variety of financial structures to unlock value from our energy assets." STX Group served as the exclusive facilitator for Ameresco in this transaction. Ameresco remains committed to advancing sustainable energy solutions and will continue to explore opportunities to monetize its diverse portfolio of energy assets. For more information about Ameresco and its firm, renewable fuel solutions, visit About Ameresco, in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit About STX GroupSTX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX has been at the forefront of the global transition toward a low-carbon economy. By leveraging deep expertise in pricing pollution and emissions, STX helps cultivate trust in market-based solutions and accelerates capital flows into projects that make the world a greener place. Its trading and corporate climate solutions empower organizations to meet environmental goals with certified proof points and measurable impact. With a strong presence in the U.S.—including offices in New York and Houston—STX combines global reach with local expertise to connect participants across the full environmental commodity value chain. For more information, please visit View source version on Contacts Media Contact: Ameresco: Leila Dillon, 508-661-2264, news@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
a day ago
- Business
- Business Wire
Ameresco Generates over $70 Million in Cash Proceeds from Sale of RNG-Related Investment Tax Credits
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition today announced the successful sale of approximately $71 million in Investment Tax Credits (ITCs) generated from three of its landfill-gas-to-renewable natural gas (RNG) projects. These projects, which Ameresco developed, constructed, financed, and currently operates, were placed in service in 2024. This transaction marks Ameresco's third ITC sale to a corporate buyer and its first sale of RNG tax credits under the transferability rules, demonstrating the company's ability to capitalize on clean energy incentives and project financing through multiple means and a diversified pool of lenders and investors. 'We are excited to complete our first RNG tax credit sale, which reflects the growing value and market confidence in renewable natural gas as a critical component of the clean energy transition,' said Mike Bakas, President of Renewable Fuels at Ameresco. 'This milestone builds on our recent success monetizing solar and battery storage tax credits, including our landmark transaction with MassMutual, and demonstrates our ability to leverage a variety of financial structures to unlock value from our energy assets.' STX Group served as the exclusive facilitator for Ameresco in this transaction. Ameresco remains committed to advancing sustainable energy solutions and will continue to explore opportunities to monetize its diverse portfolio of energy assets. For more information about Ameresco and its firm, renewable fuel solutions, visit About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit About STX Group STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX has been at the forefront of the global transition toward a low-carbon economy. By leveraging deep expertise in pricing pollution and emissions, STX helps cultivate trust in market-based solutions and accelerates capital flows into projects that make the world a greener place. Its trading and corporate climate solutions empower organizations to meet environmental goals with certified proof points and measurable impact. With a strong presence in the U.S.—including offices in New York and Houston—STX combines global reach with local expertise to connect participants across the full environmental commodity value chain. For more information, please visit
Business Wire
6 days ago
- Automotive
- Business Wire
Ameresco Drives Cost Savings for Los Angeles Unified School District With Over 2.7 MW in Solar PV Projects
FRAMINGHAM, Mass. & LOS ANGELES--(BUSINESS WIRE)-- Ameresco, Inc. (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced its partnership with the Los Angeles Unified School District (LAUSD) to develop and install solar shade and carport structures at five middle school campuses in the district. Ameresco is developing over 2.7 MW of solar carport and shade structure PV systems, and electric vehicle (EV) charging infrastructure, for five middle schools in LAUSD: Northridge Middle School, Pacoima Middle School, Sherman Oaks Center for Enriched Studies, Sun Valley Magnet School and Sutter Middle School. The projects will provide shaded parking for faculty, staff, parents, and visitors to the schools, and EV charging stations to support city- and state-wide goals of widespread EV adoption over the next decade. 'We're looking forward to working with Ameresco to reduce the district's carbon footprint and lowering our operating expenses for utilities,' said Alberto M. Carvalho, Superintendent of the Los Angeles Unified School District. 'Our K-12 school communities will benefit not only from the recurring cost savings from these projects, but also from the firsthand experience watching energy systems of the future installed at their own schools. It's a terrific way to prepare our students for the world they are going to inherit.' In addition to project development and installation, Ameresco is providing operations and maintenance (O&M) of the installed systems, and a 25-year performance guarantee. The $20.7 million project being implemented by Ameresco is part of larger program to install solar at 21 LAUSD schools. This program supports the LAUSD Board of Education 2019 Clean Energy Resolution to provide 100% clean energy by 2040. 'Our team is always thrilled to have the opportunity to support school districts in their transition to clean energy solutions,' said Louis Maltezos, President of Central & Western USA, Canada Regions at Ameresco. 'And, in light of the challenges faced by the community in and around the Los Angeles area during the recent wildfires, Ameresco is proud to partner with LAUSD to implement these clean, renewable energy projects that will provide direct benefits to the district while contributing to improved energy resilience in the area.' LAUSD's solar PV program also supports a larger effort to achieve 100% renewable energy by 2035 in alignment with the City of Los Angeles' commitment to achieving the same goal. In 2021, the City and the LA Department of Water and Power (LADWP) adopted this goal based on a study from the National Renewable Energy Laboratory (NREL), the LA100 Study. The study demonstrated the benefits of targeting an ambitious goal to rapidly deploy wind, solar and storage technologies to modernize the city's electricity infrastructure, build resiliency via diversified energy sources and increase equity in both participation and outcomes. Further incentive for LAUSD to install PV technology, besides aligning with LA100 goals, is the net cost avoidance the project is expected to deliver. Including implementation, O&M and Performance Guarantee costs, the net cost avoidance from the 21-school program is expected to total up to $45.7 million. The utility cost avoidance delivered by the entire 21-school program is expected to amount to up to $168 million in general fund relief over the 25-year project term, allowing LAUSD to focus resources on student achievement and other core initiatives. To learn more about solar and electric vehicle infrastructure project offerings from Ameresco, visit About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit The announcement of a customer's entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco's overall revenue for any particular period or of trends in Ameresco's overall total project backlog. This project was included in Ameresco's previously reported contracted backlog as of March 31, 2025.
Yahoo
6 days ago
- Business
- Yahoo
Ameresco Drives Cost Savings for Los Angeles Unified School District With Over 2.7 MW in Solar PV Projects
The $20 million bond funded projects will install EV chargers and PV shade structure technology at five middle schools as part of an initiative to build energy resiliency across Los Angeles FRAMINGHAM, Mass. & LOS ANGELES, May 28, 2025--(BUSINESS WIRE)--Ameresco, Inc. (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition, today announced its partnership with the Los Angeles Unified School District (LAUSD) to develop and install solar shade and carport structures at five middle school campuses in the district. Ameresco is developing over 2.7 MW of solar carport and shade structure PV systems, and electric vehicle (EV) charging infrastructure, for five middle schools in LAUSD: Northridge Middle School, Pacoima Middle School, Sherman Oaks Center for Enriched Studies, Sun Valley Magnet School and Sutter Middle School. The projects will provide shaded parking for faculty, staff, parents, and visitors to the schools, and EV charging stations to support city- and state-wide goals of widespread EV adoption over the next decade. "We're looking forward to working with Ameresco to reduce the district's carbon footprint and lowering our operating expenses for utilities," said Alberto M. Carvalho, Superintendent of the Los Angeles Unified School District. "Our K-12 school communities will benefit not only from the recurring cost savings from these projects, but also from the firsthand experience watching energy systems of the future installed at their own schools. It's a terrific way to prepare our students for the world they are going to inherit." In addition to project development and installation, Ameresco is providing operations and maintenance (O&M) of the installed systems, and a 25-year performance guarantee. The $20.7 million project being implemented by Ameresco is part of larger program to install solar at 21 LAUSD schools. This program supports the LAUSD Board of Education 2019 Clean Energy Resolution to provide 100% clean energy by 2040. "Our team is always thrilled to have the opportunity to support school districts in their transition to clean energy solutions," said Louis Maltezos, President of Central & Western USA, Canada Regions at Ameresco. "And, in light of the challenges faced by the community in and around the Los Angeles area during the recent wildfires, Ameresco is proud to partner with LAUSD to implement these clean, renewable energy projects that will provide direct benefits to the district while contributing to improved energy resilience in the area." LAUSD's solar PV program also supports a larger effort to achieve 100% renewable energy by 2035 in alignment with the City of Los Angeles' commitment to achieving the same goal. In 2021, the City and the LA Department of Water and Power (LADWP) adopted this goal based on a study from the National Renewable Energy Laboratory (NREL), the LA100 Study. The study demonstrated the benefits of targeting an ambitious goal to rapidly deploy wind, solar and storage technologies to modernize the city's electricity infrastructure, build resiliency via diversified energy sources and increase equity in both participation and outcomes. Further incentive for LAUSD to install PV technology, besides aligning with LA100 goals, is the net cost avoidance the project is expected to deliver. Including implementation, O&M and Performance Guarantee costs, the net cost avoidance from the 21-school program is expected to total up to $45.7 million. The utility cost avoidance delivered by the entire 21-school program is expected to amount to up to $168 million in general fund relief over the 25-year project term, allowing LAUSD to focus resources on student achievement and other core initiatives. To learn more about solar and electric vehicle infrastructure project offerings from Ameresco, visit About Ameresco, in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit The announcement of a customer's entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco's overall revenue for any particular period or of trends in Ameresco's overall total project backlog. This project was included in Ameresco's previously reported contracted backlog as of March 31, 2025. View source version on Contacts Media Contact: Ameresco: Leila Dillon, 508-661-2264, news@
Yahoo
27-05-2025
- Business
- Yahoo
2 Growth Stocks with Explosive Upside and 1 to Think Twice About
Growth boosts valuation multiples, but it doesn't always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022. Luckily for you, our job at StockStory is to help you avoid short-term fads by pointing you toward high-quality businesses that can generate sustainable long-term growth. That said, here are two growth stocks with significant upside potential and one that could be down big. One-Year Revenue Growth: +30.1% Having played a role in upgrading the energy solutions of Alcatraz Island, Ameresco (NYSE:AMRC) provides energy and renewable energy solutions for various sectors. Why Do We Think AMRC Will Underperform? Muted 6.1% annual revenue growth over the last two years shows its demand lagged behind its industrials peers Cash burn makes us question whether it can achieve sustainable long-term growth Unfavorable liquidity position could lead to additional equity financing that dilutes shareholders At $13.65 per share, Ameresco trades at 13x forward P/E. Dive into our free research report to see why there are better opportunities than AMRC. One-Year Revenue Growth: +16.1% Having been at the forefront of developing the standards for cellular connectivity for over four decades, Qualcomm (NASDAQ:QCOM) is a leading innovator and a fabless manufacturer of wireless technology chips used in smartphones, autos and internet of things appliances. Why Are We Fans of QCOM? Annual revenue growth of 11.3% over the last five years beat the sector average and underscores the unique value of its offerings Strong free cash flow margin of 30.4% enables it to reinvest or return capital consistently Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures Qualcomm's stock price of $145.17 implies a valuation ratio of 12.3x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. One-Year Revenue Growth: +15.1% With locations often featuring Western-inspired decor, Texas Roadhouse (NASDAQ:TXRH) is an American restaurant chain specializing in Southern-style cuisine and steaks. Why Is TXRH a Good Business? Rapid rollout of new restaurants to capitalize on market opportunities makes sense given its strong same-store sales performance Same-store sales growth over the past two years shows it's successfully drawing diners into its restaurants Stellar returns on capital showcase management's ability to surface highly profitable business ventures, and its rising returns show it's making even more lucrative bets Texas Roadhouse is trading at $190 per share, or 26.8x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.
