What Happened?
Shares of energy and renewable energy projects company Ameresco (NYSE: AMRC) jumped 11.9% in the morning session after the stock extended its positive momentum as company announced plans, in partnership with the U.S. Navy and CyrusOne, to develop a 100-megawatt AI-optimized data center and critical energy infrastructure at Naval Air Station (NAS) Lemoore in California.
The project is designed to meet the increasing performance and security requirements of advanced artificial intelligence workloads related to national defense. According to the company, this development is expected to be one of its largest energy assets. The plan also includes a new microgrid with engine generators and control systems to enhance energy resilience across the naval installation. The first portion of the project, which will be built on land leased from the Department of Defense, is expected to come online in 2027.
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What Is The Market Telling Us
Ameresco’s shares are extremely volatile and have had 56 moves greater than 5% over the last year. But moves this big are rare even for Ameresco and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 5.4% on the news that the company announced a partnership with the U.S. Navy to develop a 100 MW AI-optimized data center and critical energy infrastructure.
Ameresco is up 9.9% since the beginning of the year, but at $27.64 per share, it is still trading 28.7% below its 52-week high of $38.78 from September 2024. Investors who bought $1,000 worth of Ameresco’s shares 5 years ago would now be looking at an investment worth $928.14.
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