Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Ameresco (NYSE: AMRC) and the best and worst performers in the energy products and services industry.

Areas like the energy transition and emission reduction are thematic and front of mind today. This can be a double-edged sword for the energy products and services industry. Those who innovate and build new expertise can jolt demand while those who cling to legacy technologies or fall behind in the trending areas could see their market shares diminish. Bigger picture, energy products and services companies are still at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates.

The 4 energy products and services stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.8%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.8% since the latest earnings results.

Ameresco (NYSE: AMRC)

Having played a role in upgrading the energy solutions of Alcatraz Island, Ameresco (NYSE: AMRC) provides energy and renewable energy solutions for various sectors.

Ameresco reported revenues of $526 million, up 5% year on year. This print exceeded analysts’ expectations by 1%. Overall, it was a strong quarter for the company with a solid beat of analysts’ adjusted operating income estimates.

CEO George Sakellaris commented, “Third quarter results were excellent and kept us on track to hit our full year 2025 guidance ranges, while also further strengthening our long- term revenue visibility. We achieved solid year-on-year growth across our key business segments, reflecting increased demand and improved execution. Adjusted EBITDA growth outpaced revenue growth by a considerable margin, demonstrating the operating leverage we believe is inherent in the Ameresco business model. Demand for our energy infrastructure solutions remained robust, and we see our unique ability to offer flexible financial options to our customers as a strong selling point.

Ameresco delivered the slowest revenue growth and weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 16.8% since reporting and currently trades at $33.29.

Is now the time to buy Ameresco? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Quanta (NYSE: PWR)

A construction engineering services company, Quanta (NYSE: PWR) provides infrastructure solutions to a variety of sectors, including energy and communications.

Quanta reported revenues of $7.63 billion, up 17.5% year on year, outperforming analysts’ expectations by 2.8%. The business had a very strong quarter with a solid beat of analysts’ backlog estimates and an impressive beat of analysts’ adjusted operating income estimates.

Quanta delivered the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $450.66.

Is now the time to buy Quanta? Access our full analysis of the earnings results here, it’s free for active Edge members.

FTAI Infrastructure (NASDAQ: FIP)

Spun off from FTAI Aviation in 2021, FTAI Infrastructure (NASDAQ: FIP) invests in and operates infrastructure and related assets across the transportation and energy sectors.

FTAI Infrastructure reported revenues of $140.6 million, up 68.7% year on year, falling short of analysts’ expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

FTAI Infrastructure delivered the fastest revenue growth but had the weakest performance against analyst estimates in the group. As expected, the stock is down 18.8% since the results and currently trades at $4.15.

Read our full analysis of FTAI Infrastructure’s results here.

MDU Resources (NYSE: MDU)

Founded to provide electricity to towns in Minnesota, MDU Resources (NYSE: MDU) provides products and services in the utilities and construction materials industries.

MDU Resources reported revenues of $315 million, up 8.7% year on year. This print topped analysts’ expectations by 3.3%. However, it was a slower quarter as it logged a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations.

MDU Resources achieved the biggest analyst estimates beat among its peers. The stock is up 7.9% since reporting and currently trades at $21.25.

Read our full, actionable report on MDU Resources here, it’s free for active Edge members.

Market Update

In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.

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