Ameresco Books $1.8B in New Awards, Triples Year-Ago Figure on Data Center Boom
AMRC sits 82% above its 52-week low of $15.524.
Summary
Ameresco added $1.8 billion in new project awards in Q2 2026, more than triple the year-ago period, driven by $1.2 billion from data center projects. Total backlog jumped 32% to $6.73 billion. The company posted adjusted EPS of $0.20, beating the $0.16 consensus. Ameresco raised its 2026 non-GAAP EPS outlook, and shares surged. The surge reflects accelerating demand from AI-driven data center buildouts and broader electrification trends. This follows the May 2026 Neogenyx Fuels JV with HASI, which brought in $100 million cash and $400 million in project financing, strengthening the balance sheet. With five data center projects now in backlog and more expected to reach award stage within 12–24 months, the pipeline supports sustained growth.
At the time of this announcement, AMRC was trading at $28.18 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $15.52 to $44.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.