Ameresco Soars 13.93% on Q1 Earnings Surge

On May 6, 2025, Ameresco's stock surged by 13.93% in pre-market trading, reflecting a strong start to the year.

Ameresco reported robust financial results for the first quarter of 2025, with total revenue and adjusted EBITDA growing by 18% and 32%, respectively. The company's project backlog and contracted backlog increased by 22% and 78% year-over-year, respectively, indicating a strong pipeline of future projects.

During the earnings call, Ameresco highlighted significant growth in its projects business and energy asset revenue. The company's total revenue for the quarter reached $352.8 million, surpassing expectations. Ameresco secured over $367 million in new awards, successfully converting $334 million of these into contracts. By the end of the quarter, the contracted backlog had reached $2.6 billion, marking an almost 80% rise from the previous year. The total project backlog showed a 22% increase year-over-year, amounting to $4.9 billion.

Ameresco's strong performance in Q1 2025 was driven by effective contract conversion and asset deployments, contributing to increased future revenue prospects. The company now has approximately $10 billion in revenue visibility across its operations, which bolsters its long-term business stability.