
Ameresco (AMRC) Stock Forecast & Price Target
Ameresco (AMRC) Analyst Ratings
Bulls say
Ameresco Inc is poised for strong EBITDA growth, supported by a 14% sequential increase in its projects backlog, totaling $708 million in new awards, and a robust Energy Assets pipeline with 596 MWe in development and construction. The company has also established $500 million in financing commitments, and while it carries $1.4 billion in debt, the structure associated with its Energy Assets is largely non-recourse, indicating a healthier leverage profile. Management's conservative approach to construction schedules and operational optimization further underscores the company's commitment to enhancing its financial stability and sustaining long-term growth in the energy efficiency sector.
Bears say
Ameresco Inc. has experienced significant operational challenges, reflected in its third-quarter results for 2023, which showcased revenue and adjusted EBITDA falling short of forecasts by 12.4% and 18.2%, respectively, due to supply chain delays and unanticipated downtime at Energy Asset plants. The company has further reduced its adjusted EBITDA guidance for 2023 and 2024 by approximately 24% and 17%, citing industry headwinds such as project conversion delays and labor shortages impacting asset permitting. Additionally, the risks associated with escalating input costs for essential components, along with the rising financing costs driven by higher interest rates, contribute to a negative outlook on Ameresco's financial performance and profitability.
This aggregate rating is based on analysts' research of Ameresco and is not a guaranteed prediction by Public.com or investment advice.
Ameresco (AMRC) Analyst Forecast & Price Prediction
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