Why Is AMERESCO INC A (AMRC) Stock Up Today?

Ameresco Inc (AMRC) shares rose 23.03% to $27.62, driven by strong third-quarter results and a significant upward revision to full-year earnings guidance. The company reported a revenue beat and record project awards, which propelled the stock to a new 52-week high.

What Happened

Ameresco reported strong third-quarter 2026 financial results, highlighting record project awards of $875 million that drove total backlog to nearly $7.2 billion. The company raised its full-year 2026 adjusted EPS outlook to $1.85 to $1.95, up from the previous range of $1.15 to $1.35. Management also provided fourth-quarter guidance, projecting adjusted EPS of $0.95 to $1.05 against estimates of $0.73, and sales of $625 million to $650 million compared to an estimate of $645.09 million.

Craig Hallum lowered its price target for the stock to $48 from $62 following the earnings release. The company noted that accounting changes reshaped reported earnings, though the underlying business momentum remained strong.

What The Data Shows

The stock printed a fresh 52-week high on November 10, 2026, after recording 31 fresh 52-week highs over the past year. The 52-week range stands between $18.09 and $37.14. Over the last eight trading sessions, the stock has climbed 36.0% from $20.31 to $27.62.

Fundamentals show a market cap of $1.1 billion with a P/E ratio of 42.2. Revenue grew 8.9% on a trailing twelve-month basis, while the net margin sits at 1.4%. The stock carries a beta of 2.51. Recent insider activity includes six buys totaling $738,000 and two sells totaling $24,000 over the last 90 days. CEO George P. Sakellaris bought shares on August 28, 2026, while CFO Mark Chiplock and Co-President Louis P. Maltezos sold shares on September 15, 2026.

What To Watch

Investors will monitor how the company executes against its raised full-year guidance and whether the record backlog translates into continued revenue growth in subsequent quarters.