Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Ameresco (AMRC) and Talen Energy Corporation (TLN) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, ...

Core Insights - Ameresco has been awarded the 2025 Global Company of the Year Award in the energy services industry for its achievements in customer-driven innovation and strategic execution [1][6] - The company excels in visionary innovation and customer impact, aligning its growth strategy with dynamic customer needs while providing scalable energy solutions [2][6] - Ameresco's focus on energy solutions integration, including solar, battery, biogas, and microgrids, provides a competitive advantage in transitioning energy markets [2][5] Company Overview - Founded in 2000, Ameresco is a leading energy solutions provider focused on helping customers reduce costs, enhance resilience, and achieve net-zero decarbonization [10] - The company offers a comprehensive portfolio that includes energy efficiency solutions, infrastructure upgrades, and distributed energy resource development [10] - Ameresco operates in North America and Europe, employing over 1,500 staff to provide local expertise [10] Innovation and Services - Innovation is central to Ameresco's approach, offering an end-to-end suite of services that includes energy audits, technical design, project financing, implementation, and long-term maintenance [4] - The use of Energy Savings Performance Contracts (ESPCs) allows clients to implement large-scale energy upgrades with guaranteed performance outcomes, often structured to be budget-neutral or cost-saving over time [4][5] - The company's vendor-agnostic model enables tailored solutions to meet specific project goals and energy sources, enhancing customer satisfaction [5] Market Position and Recognition - Frost & Sullivan commends Ameresco for setting a new standard in the energy services industry, blending technical depth, financial innovation, and customer-centric service delivery [6] - The company's growth trajectory and expanding customer base reflect market confidence and the proven value delivered to clients [6][7] - The Company of the Year Award recognizes Ameresco's outstanding strategy development and implementation, resulting in measurable improvements in market share and customer satisfaction [7]

Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) plant delivers uniquely adaptable output, enabling the customization and hybridization of its clean energy supply systems to meet specific customer requirements, including data centers and industrial heat applications Collaboration with Ameresco to significantly advance Terrestrial Energy's commercial momentum through enhanced project development capabilities and access to key customer groups CHARLOTTE, N.C. and FRAMINGHAM, Mass., June 24, 2025 (GLOBE ...

Project Backlog and Revenues - Fully-contracted project backlog increased to $2,596,325,000 as of March 31, 2025, compared to $1,459,600,000 in 2024, representing an increase of 77.9%[148] - Total project backlog reached $4,903,892,000 as of March 31, 2025, up from $4,020,062,000 in 2024, indicating a growth of 21.9%[148] - The 12-month project backlog was $1,118,025,000 as of March 31, 2025, compared to $774,931,000 in 2024, marking an increase of 43.4%[148] - Total revenues for the three months ended March 31, 2025, increased by $54.4 million, or 18.2%, to $352.8 million compared to $298.4 million in 2024[155] - Project revenues increased by $47.2 million, or 23%, primarily due to the timing of revenue recognized based on costs incurred relative to total expected costs on active projects[158] Financial Performance - Gross profit as a percentage of revenues decreased to 14.7% in 2025 from 15.7% in 2024, attributed to a higher mix of lower-margin projects[155] - Operating income rose to $13.7 million, a 71.3% increase from $8.0 million in the prior year[155] - Net loss attributable to common shareholders was $5.5 million, an increase of $2.546 million, or 86.7%, compared to the previous year[155] Cash Flow and Financing - Cash flows from operating activities decreased by $49.1 million to $(28.3) million for the three months ended March 31, 2025, compared to $20.8 million in 2024[180] - Total net cash flows for the three months ended March 31, 2025, were $(31.6) million, a decrease of $25.9 million compared to $(5.7) million in 2024[180] - The company reported a significant increase in cash outflows of $111.8 million in accounts payable and other liabilities during the three months ended March 31, 2025[181] - Financing activities generated $114.5 million in cash inflows, primarily from energy asset financings of $112.6 million during the three months ended March 31, 2025[184] Investments and Capital Expenditures - The company made capital investments of $107.9 million in new energy assets and $6.0 million in major maintenance during the three months ended March 31, 2025[182] - The company plans to invest approximately $200 million to $250 million in additional capital expenditures for new renewable energy plants during the remainder of 2025[183] - The company plans additional project financings of approximately $250 million to $300 million during the remainder of 2025 to fund new renewable energy plants[186] Agreements and Contracts - The Southern California Edison Agreement includes a total engineering, procurement, and construction price of approximately $892 million for three grid-scale battery energy storage systems[144] - The company received approximately $110 million in milestone payments from SCE on September 5, 2024, related to the substantial completion of two projects[144] - As of March 31, 2025, the company had Federal ESPC liabilities totaling $567.6 million, which are contingent upon project completion and customer acceptance[176] Market Conditions and Expectations - The company expects ongoing supply chain disruptions and inflationary pressures to impact project delivery and operational costs in the near term[138] - The company anticipates that federal policies and regulatory measures will continue to influence its business operations and project funding[135] - Assets in development estimated at $2.3 billion as of March 31, 2025, down from $2.6 billion in 2024, reflecting a decrease of 11.5%[152] Regional Performance - North America Regions revenues increased by $39.975 million, or 28.9%, while U.S. Federal revenues decreased by $35.643 million, or 58.5%[158] - Europe revenues surged by $52.535 million, or 119.1%, driven by increased project activity under a joint venture in Greece[158]

Core Insights - Ameresco reported revenue of $352.83 million for the quarter ended March 2025, reflecting an 18.2% increase year-over-year and surpassing the Zacks Consensus Estimate of $306.39 million by 15.16% [1] - The company's EPS was -$0.11, slightly worse than the -$0.10 reported in the same quarter last year, but it exceeded the consensus EPS estimate of -$0.26 by 57.69% [1] Revenue Breakdown - Revenue from Projects was $251.50 million, exceeding the average estimate of $191.61 million from four analysts [4] - Revenue from Other Services was $19.80 million, falling short of the estimated $27.12 million [4] - Revenue from O&M was $24.80 million, below the average estimate of $27.12 million [4] - Revenue from Energy Assets was $56.70 million, slightly below the average estimate of $57.12 million [4] Adjusted EBITDA Performance - Adjusted EBITDA from Projects was $8.70 million, significantly higher than the estimated $2.87 million [4] - Adjusted EBITDA from Other Services was $0.10 million, compared to the average estimate of $1.90 million [4] - Adjusted EBITDA from O&M was $1.70 million, below the average estimate of $3.90 million [4] - Adjusted EBITDA from Energy Assets was $30.10 million, exceeding the average estimate of $27.86 million [4] Stock Performance - Ameresco's shares have returned +10.9% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Ameresco (AMRC) Q1 2025 Earnings Call May 05, 2025 04:30 PM ET Company Participants Leila Dillon - Senior Vice President of Marketing & CommunicationsGeorge Sakellaris - Chairman, President & CEOMark Chiplock - EVP, CFO & Chief Accounting OfficerJoshua Baribeau - Senior Director of Finance & Corporate TreasuryJoseph Osha - Senior Managing Director - Equity Research Conference Call Participants Noah Kaye - Senior Research AnalystGeorge Gianarikas - Managing Director and Senior AnalystKashy Harrison - Senior ...

Financial Data and Key Metrics Changes - The company reported a total revenue growth of 18% and adjusted EBITDA growth of 32% for the first quarter [13][17] - The projects business revenue grew by 23%, while energy asset revenue increased by 31% [14][17] - The net income attributable to common shareholders was a loss of $5,500,000 or $0.10 per share [16] Business Line Data and Key Metrics Changes - The total project backlog increased by 22% to $4,900,000,000, with a contracted project backlog growing by 80% to $2,600,000,000 [17] - The energy asset operating base now stands at 742 megawatts, reflecting significant growth compared to the previous year [14] Market Data and Key Metrics Changes - The company experienced strong performance in Europe and Canada, contributing to the overall revenue growth [14] - Approximately 30% of the current total project backlog is attributed to federal government contracts, with military-related customers accounting for two-thirds [6] Company Strategy and Development Direction - The company aims to leverage federal lands for critical energy infrastructure projects, enhancing its project offerings [10] - The focus remains on diversifying energy solutions to meet the increasing demand for distributed and resilient energy systems [5][11] - The company is optimistic about capturing more infrastructure and resiliency projects as government priorities evolve [19] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the federal contracts, noting that recent cancellations have been rescoped and paused contracts have resumed [7][9] - The company anticipates continued growth in project revenue, with expectations for Q2 revenue to be in the range of $400,000,000 to $425,000,000 [18] - Management highlighted the importance of energy efficiency projects being budget-neutral, which aligns with government interests [24] Other Important Information - The company has a solid cash position of approximately $72,000,000 and total corporate debt of $270,000,000 [17] - The company is actively managing its supply chain to mitigate potential impacts from tariffs and inflation [12][41] Q&A Session Summary Question: Update on federal business visibility and contract situations - Management noted that a canceled contract has been rescoped and paused contracts have resumed, leading to a positive outlook for federal contracts [22][23] Question: Margins for Q2 and the rest of the year - Management expects gross margins for the full year to be in the range of 15.5% to 16%, despite Q1 being slightly lower due to a mix of European EPC contracts [26] Question: Impact of blackouts in Southern Europe on project opportunities - Management indicated that increasing reliance on renewable energy without adequate storage could lead to more outages, highlighting the need for distributed generation solutions [28][30] Question: Economics of projects sensitive to the Inflation Reduction Act - Management has safe harbored the ITC for many projects, minimizing short-term impacts from potential changes in the IRA [32][33] Question: Effects of reduced federal workforce on project timelines - Management has not yet seen negative impacts but acknowledged potential delays in award conversions due to administrative challenges [38][39] Question: Structure of contracts regarding tariffs - Management confirmed that new contracts include protective language against tariffs, allowing for pass-through adjustments to customers [48][50] Question: Observations on private versus public market valuations - Management noted robust private valuations for projects, despite public market fluctuations, indicating strong fundamentals in their offerings [45][46]

Q1 2025 Supplemental Information May 5, 2025 ameresco.com © 2025 Ameresco, Inc. All rights reserved. Safe Harbor Forward Looking Statements Any statements in this presentation about future expectations, plans and prospects for Ameresco, Inc., including statements about market conditions, pipeline, visibility, backlog, pending agreements, financial guidance including estimated future revenues, net income, adjusted EBITDA, Non-GAAP EPS, gross margin, effective tax rate, interest rate, depreciation, tax attrib ...

Financial Performance - Total revenue for Q1 2025 was $352.8 million, representing an 18% increase year-over-year[4] - Adjusted EBITDA for Q1 2025 was $40.6 million, reflecting a 32% growth compared to the previous year[4] - Projects revenue grew 23% to $251.5 million, driven by project execution and backlog conversion[7] - Energy asset revenue increased by 31% to $56.7 million due to the rise in operating energy assets[7] - Revenues for Q1 2025 increased to $352,829 thousand, up 18.2% from $298,406 thousand in Q1 2024[25] - Gross profit for Q1 2025 was $51,919 thousand, representing a gross margin of 14.7%, compared to $46,993 thousand in Q1 2024[25] - Operating income improved to $13,692 thousand in Q1 2025, compared to $7,993 thousand in Q1 2024, reflecting a 71.5% increase[25] - Adjusted EBITDA for Q1 2025 was $40,634,000, compared to $30,831,000 in Q1 2024, representing a 31.8% increase[29] - The adjusted EBITDA margin for Q1 2025 was 11.5%, up from 10.3% in Q1 2024[29] Guidance and Expectations - The company anticipates Q2 2025 revenue to be in the range of approximately $400 - $425 million[10] - The 2025 revenue guidance is reiterated at a range of $1.85 billion to $1.95 billion, with adjusted EBITDA guidance of $225 million to $245 million[13] - The company expects adjusted EBITDA for the year ending December 31, 2025, to be between $225 million and $245 million[31] Backlog and Revenue Visibility - Contracted backlog reached $2.6 billion, up nearly 80% from the previous year, contributing to a total project backlog of $4.9 billion, which is a 22% increase year-over-year[3] - Revenue visibility across the business is now nearly $10 billion, enhancing long-term resilience[3] - New contracts awarded in Q1 2025 totaled $367,288,000, compared to $339,798,000 in Q1 2024, indicating a 8.1% increase[31] - The company reported new contracts worth $333,734,000 in Q1 2025, slightly lower than $334,533,000 in Q1 2024[31] Financial Position - The company ended Q1 2025 with total corporate debt of $270 million and an energy asset debt of $1.4 billion[9] - Total current assets decreased to $1,257,068 thousand as of March 31, 2025, down from $1,301,134 thousand at December 31, 2024[21] - Total liabilities increased to $2,368,000 thousand as of March 31, 2025, compared to $2,367,000 thousand at December 31, 2024[22] - Cash, cash equivalents, and restricted cash at the end of Q1 2025 totaled $166,773 thousand, down from $198,378 thousand at the beginning of the period[28] - Total stockholders' equity increased to $1,046,078 thousand as of March 31, 2025, compared to $1,045,149 thousand at December 31, 2024[23] Cash Flow and Investments - Cash flows from operating activities for Q1 2025 were $(28,304) thousand, a decline from $20,817 thousand in Q1 2024[27] - Capital investments in energy assets for Q1 2025 were $107,866 thousand, slightly up from $105,633 thousand in Q1 2024[27] - Adjusted cash from operations for Q1 2025 was $1,427,000, down from $40,398,000 in Q1 2024[30] Net Income and Loss - Net loss attributable to common shareholders for Q1 2025 was $(5,483) thousand, compared to $(2,937) thousand in Q1 2024, indicating a worsening of 86.7%[25] - Non-GAAP net loss for Q1 2025 was $5,621,000, slightly higher than the $5,384,000 loss in Q1 2024[30] - The company reported a net income attributable to common shareholders of $(5,483,000) in Q1 2025, compared to $(2,937,000) in Q1 2024[30] Other Financial Metrics - The gross margin for Q1 2025 was 14.7%, slightly impacted by a heavier mix of lower margin EPC revenue[7] - Cash flows from operating activities in Q1 2025 were $(28,304,000), a decrease from $20,817,000 in Q1 2024[30] - The impact from redeemable non-controlling interests was $(525,000) in Q1 2025, compared to $(2,855,000) in Q1 2024[30]

Company Overview - Ameresco (AMRC) is expected to report a year-over-year decline in earnings, with a projected loss of $0.24 per share, reflecting a -140% change, while revenues are anticipated to be $312.05 million, up 4.6% from the previous year [3][12]. Earnings Expectations - The consensus EPS estimate has been revised 6.98% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. - The Most Accurate Estimate for Ameresco is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.94%, which suggests a bearish outlook [10][11]. Historical Performance - In the last reported quarter, Ameresco had an earnings surprise of +20.55%, with actual earnings of $0.88 per share compared to an expected $0.73 [12]. - Over the last four quarters, the company has beaten consensus EPS estimates two times [13]. Market Sentiment - The stock may experience upward movement if the upcoming earnings report exceeds expectations, while a miss could lead to a decline [2]. - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 5 makes it challenging to predict a positive outcome for Ameresco [11][16]. Industry Context - In the broader context of the Zacks Alternative Energy - Other industry, Gevo, Inc. is also expected to report a loss of $0.10 per share, indicating a -25% year-over-year change, with revenues projected at $26.35 million, up 560.4% from the previous year [17]. - Gevo's consensus EPS estimate has been revised 23.1% higher, but it also faces challenges with an Earnings ESP of 0.00% and a Zacks Rank of 3 [18].