Ameresco, Inc.

Ameresco reported mixed financial results for the second quarter and first six months of 2026. While Q2 revenues increased by 9.1% to $515.46 million, net income attributable to common shareholders decreased by 24.4% to $9.72 million. For the six months ended June 30, 2026, the company posted a net loss attributable to common shareholders of $8.56 million, despite an 11.1% increase in revenues to $916.92 million. The company's total assets grew to $4.83 billion, and its contracted backlog reached $3.82 billion.

Ameresco, Inc. announced the appointment of Brian Cox to its Board of Directors, effective August 1, 2026. Mr. Cox brings over two decades of experience in data center energy infrastructure, having founded and served as CEO of STACK Infrastructure. He will join the Board's Audit and Nominating and Governance Committees, and his compensation will align with the company's policy for non-employee directors. This appointment is expected to provide valuable strategic insight for Ameresco's energy infrastructure solutions.

Ameresco, Inc. held its 2026 Annual Meeting of Stockholders, where several key proposals were approved. Stockholders voted to amend the 2020 Equity Incentive Plan, increasing the number of Class A common shares reserved for issuance by 3,200,000. Additionally, Claire Hughes Johnson and Frank V. Wisneski were elected as Class I directors, RSM US LLP was ratified as the independent auditor for 2026, and the compensation of named executive officers was approved on a non-binding advisory basis.

Ameresco, Inc. announced the successful closing of its previously announced transaction with HA Sustainable Infrastructure Capital, Inc. (HASI) to spin off Ameresco's biofuels business into a newly formed joint venture, Neogenyx Fuels. Ameresco holds a 70% ownership stake, with HASI owning 30%. HASI committed to invest $400 million to support the growth of Neogenyx Fuels, with $100 million distributed to Ameresco at closing. The transaction values the joint venture at a $1.8 billion post-money enterprise value, and Ameresco reaffirmed its FY26 guidance.

Ameresco reported a net loss attributable to common shareholders of $(18.28) million for Q1 2026, a significant increase from $(5.48) million in Q1 2025. Despite this, total revenues grew by 13.8% to $401.46 million. The company also saw a substantial improvement in cash flows from operating activities, turning positive at $35.40 million compared to a negative $28.30 million in the prior year. Operating income, however, decreased by 25.3%.

Ameresco, Inc. announced the formation of Neogenyx Fuels LLC, a joint venture with HA Sustainable Infrastructure Capital, Inc. (HASI), for its biogas business. HASI will invest $400 million for a 30% equity interest, valuing the new entity at $1.8 billion, with Ameresco retaining 70%. This strategic move aims to accelerate growth and monetize a portion of Ameresco's biogas business value. Concurrently, Ameresco reported Q1 2026 revenues of $401.5 million, a 14% increase year-over-year, alongside a net loss of $18.3 million and GAAP EPS of ($0.35). The company also updated its full-year 2026 guidance to reflect the expected impact of the Neogenyx Fuels transaction.