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Ameresco (AMRC) Shares Skyrocket, What You Need To Know

AMRC Cover Image

What Happened?

Shares of energy and renewable energy projects company Ameresco (NYSE: AMRC) jumped 5.7% in the afternoon session after the company announced the successful completion of a $5.3 million energy infrastructure project at Ave Maria University in Florida. 

The project involved modernizing the university's building infrastructure through two main initiatives. The first was the implementation of a new building automation system to integrate HVAC equipment across five buildings, which is projected to generate annual savings of approximately $200,000. The second phase involved upgrading exterior lighting to improve visibility and safety on campus. 

Furthermore, Ameresco planned a third phase to increase the university's central utility plant capacity by more than 80%. This expansion, expected to be completed in 2026, will add a 3,000-ton chiller to ensure system redundancy and efficiency across 17 facilities, signaling a continued and growing partnership.

Is now the time to buy Ameresco? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Ameresco’s shares are extremely volatile and have had 56 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 5 days ago when the stock gained 11.9% on the news that the 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.

Ameresco is up 15.4% since the beginning of the year, but at $29.01 per share, it is still trading 25.2% 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 $963.43.

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