Ameresco raises 2026 Non-GAAP EPS guidance to $1.15-$1.35
Company reaffirms 2026 revenue guidance of $2.0 bln-$2.2 bln
Ameresco expects Q4 activity to be higher due to normal seasonal cadence
Overview
U.S. energy infrastructure firm's Q2 adjusted EPS and adjusted EBITDA beat analyst expectations
Q2 revenue rose 9% yr/yr to $515.5 mln, driven by broad-based growth
Company raised 2026 non-GAAP EPS guidance and reported record $1.8 bln new project awards
Shares of the company were up about 25.2% in extended trading
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Ameresco Inc is $44.00, about 108.8% above its July 31 closing price of $21.07
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 23 three months ago
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