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Ameresco’s fair value price target has been revised slightly lower from $43.50 to $42.60, reflecting modestly more conservative inputs in the latest model. This tweak sits against a backdrop of mixed analyst views. Some highlight the $5.0b backlog, Q4 results and 2026 guidance, while others point to execution risks and at least one target cut to $28. As you read on, you will see how these differing narratives are taking shape and what to watch as they evolve.
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B. Riley lifted its Ameresco target to $47 from $45 after Q4 revenue of $581m and EBITDA of $70m, highlighting the $5.0b project backlog and planned 100 to 120MW of energy assets placed into service as key supports for its thesis.
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Canaccord raised its target to $50 from $44, pointing to what it calls healthy results and 2026 guidance that, at the midpoint, implies 9% revenue growth and 19% EBITDA growth, plus strong inbound interest from data centers for onsite power solutions.
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Stifel inched its target up to $38 from $37 and reiterated a Buy rating, citing better than expected Q4 results and what it views as solid 2026 guidance.
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UBS cut its Ameresco target to $28 from $40 while keeping a Neutral rating, which brings a more cautious stance on valuation compared with the higher targets from B. Riley, Canaccord and Stifel.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives!
We’ve flagged 1 risk for Ameresco. See which could impact your investment.
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Ameresco issued 2026 guidance calling for revenue of US$2.0b to US$2.2b and operating income of US$161 million to US$189 million. The company also flagged an expected first-quarter EPS loss of about US$0.30, with about 60% of 2026 revenue anticipated in the second half of the year.
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The company signed a Memorandum of Understanding with NANO Nuclear Energy to explore pairing modular micro reactors with Ameresco’s EPC capabilities for potential deployment on federal and commercial sites.
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Ameresco completed an Energy Savings Performance Contract valued at over US$30 million with Velarium Energy for U.S. Army family housing at Fort Polk, Louisiana. The project targets a 30% cut in annual electricity use and more than US$2.6 million in projected yearly utility and operating cost savings.
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Several clean energy and public sector projects were reported, including the Coventry Landfill Solar project in Rhode Island, an RNG facility at the Upper Rock Island County Landfill in Illinois, and efficiency and solar installations in Virginia and Ohio.
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Fair Value price target revised from US$43.50 to US$42.60, reflecting modestly more conservative assumptions.
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Revenue Growth assumption adjusted from 9.83% to 9.40% in the forecast period.
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Net Profit Margin assumption moved from 4.21% to 4.09% on future sales.
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Future P/E multiple eased from 31.09x to 30.90x on projected earnings.
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Discount Rate held steady at 12.33%, with no change in the required return used in the model.
Narratives link Ameresco’s business story to the analyst forecast and fair value so you can see how projects, risks, and guidance fit together. They update over time as new data and research come through.
Head over to the Simply Wall St Community and follow the Narrative on Ameresco to stay up to date on:
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How rising demand for advanced energy infrastructure, microgrids, and distributed generation is feeding into Ameresco’s project backlog and revenue pipeline.
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The growing role of recurring O&M contracts, a 750MW base of operating assets, and new technologies like small modular reactors in shaping earnings stability.
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Key risks such as supply chain constraints, changing clean energy policies, higher financing costs, and competition in storage and distributed generation that could affect margins and project timing.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMRC.
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