Ameresco (NYSE:AMRC) Stock Price Down 12.2%

Company reports Q4 beat but profitability concerns weigh on shares

Mar. 3, 2026 at 9:09pm

Shares of Ameresco, Inc. (NYSE:AMRC), a leading independent provider of comprehensive energy efficiency and renewable energy solutions, dropped 12.2% on Tuesday after the company reported its Q4 2025 earnings. While Ameresco beat consensus estimates on both earnings and revenue, the stock fell due to concerns over profitability, with EPS down sharply year-over-year and net margins remaining modest.

Why it matters

Ameresco's stock performance and financial results are closely watched as the company is seen as a bellwether for the energy efficiency and renewable energy services industry. The stock's decline, despite positive guidance, highlights investor concerns about the company's ability to maintain margins and profitability as it scales its operations.

The details

In its Q4 2025 report, Ameresco posted earnings of $0.39 per share, beating the $0.32 consensus estimate. Revenue came in at $581.0 million, also topping the $556.1 million estimate. However, EPS was down sharply from $0.88 in the prior-year quarter, and net margins remained modest at around 3.3%. The company also has a relatively high debt-to-equity ratio of 1.57 and a high beta of 2.53, indicating elevated risk. Despite the positive guidance, including EPS guidance of $1.10-$1.35 for fiscal 2026 and a $2.1 billion revenue target, the stock fell on the news, likely due to profit-taking or skepticism about the company's ability to execute on its growth plans.

  • Ameresco reported its Q4 2025 earnings on March 2, 2026.

The players

Ameresco, Inc.

An independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets.

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What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Ameresco's Q4 2025 results highlight the challenges the company faces in maintaining profitability as it scales its operations, despite strong demand and a robust backlog. Investors will be closely watching the company's ability to execute on its growth plans and improve margins in the coming quarters.