Ameresco Inc. Reports Strong Q3 2025 Results and Maintains Optimistic Outlook
Ameresco Inc. (NYSE: AMRC), a leading provider of energy infrastructure solutions, released its third‑quarter 2025 financial results on November 3, 2025. The company’s earnings beat consensus estimates, and its revenue and earnings‑per‑share (EPS) guidance for the full year were reaffirmed.
Earnings Highlights
| Metric | Q3 2025 | YoY | Analyst Estimate |
|---|---|---|---|
| Revenue | $1.12 B | +10 % | $1.09 B |
| Gross Profit | $292 M | +12 % | $280 M |
| EBITDA | $152 M | +20 % | $145 M |
| Net Income | $96 M | +15 % | $92 M |
| Diluted EPS | $0.25 | +20 % | $0.24 |
The company attributed the upside to continued demand in data‑center and industrial‑scale renewable projects, as well as a diversification of its portfolio across cogeneration, hydroelectric, and other renewable assets.
Guidance and Outlook
In a call with analysts on November 3, Ameresco reaffirmed its 2025 guidance, projecting a 10 % rise in total revenue and a 20 % increase in EBITDA relative to the previous year. The firm’s CEO highlighted the sustained growth in the data‑center market—an area where Ameresco has positioned itself as a preferred partner for energy‑efficient, low‑carbon power solutions.
Analyst Reactions
- Jefferies lifted its price target to $45 on November 4, citing the company’s robust data‑center exposure and the broader energy‑efficiency trend.
- Canaccord Genuity raised its target to $44 at the same time, noting that Ameresco’s earnings beat and its disciplined cost structure support a stronger upside.
- Other research houses echoed these sentiment shifts, with several analysts tightening their upside range in light of the company’s better‑than‑expected quarterly performance.
Market Impact
Following the earnings announcement, Ameresco shares closed at $40.00 on November 2, trading within a 52‑week range that has stretched from $8.49 in April to $44.93 in October. The firm’s market capitalization sits at roughly $2.08 B, and its price‑to‑earnings ratio is currently 33.71—a figure that has attracted attention from value and growth investors alike.
Strategic Positioning
Ameresco’s integrated electric‑energy model—spanning cogeneration, hydroelectric, and renewable projects—positions it well to capitalize on the growing push for carbon‑neutral infrastructure. The company’s active engagement in data‑center projects aligns with the industry’s shift toward high‑density, energy‑efficient facilities.
Conclusion
Ameresco’s latest quarter demonstrates a resilient business model and a clear trajectory for growth. With analysts raising price targets and the company maintaining confident guidance, investors are watching how the firm will continue to leverage its diversified portfolio to capture expanding demand in the energy and data‑center sectors.
