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FRAMINGHAM, Mass. - Ameresco, Inc. (NYSE:AMRC), a clean energy solutions provider with a market capitalization of $881 million and impressive revenue growth of 30% over the last twelve months, announced the appointment of Spyros Kairis as General Manager for South, East, and Central Europe. Based in Athens, Greece, Kairis will oversee operations, drive business growth, and manage key projects across the region. According to InvestingPro analysis, the company’s stock currently shows potential upside from its current trading levels.
Kairis brings over 20 years of leadership experience in the energy and technology sectors, having previously held senior positions at Artemis ITS SA, FieldCore (a GE company), and General Electric. His expertise includes P&L management, operational excellence, digital transformation, and strategic growth initiatives.
"Spyros is a proven leader with a deep understanding of the European energy landscape and a strong track record of driving operational performance," said George Sakellaris, President and CEO of Ameresco, according to the company’s press release.
Kairis holds an MSc in Digital Communications and Signal Processing from Imperial College London, an MEng in Electrical and Computer Engineering from the National Technical University of Athens, and a BSc in Economics from the National and Kapodistrian University of Athens. He is also a certified Program Management Professional (PgMP).
The appointment is part of Ameresco’s strategy to expand its European presence. The company, which provides energy solutions to help customers reduce costs and transition to cleaner energy, aims to strengthen its operations in the region to support Europe’s climate and energy transition goals. While the company maintains strong liquidity with a current ratio of 1.57, InvestingPro data reveals challenges including significant debt levels and cash burn that may impact expansion plans. For deeper insights into Ameresco’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
Ameresco, founded in 2000, is headquartered in Framingham, Massachusetts, and has more than 1,500 employees across North America and Europe. The company’s next earnings report is scheduled for August 4, 2025, with analysts maintaining a moderate buy consensus. Discover more key metrics and 12 additional ProTips about Ameresco’s performance by subscribing to InvestingPro.
In other recent news, Ameresco reported several significant developments. The company announced a partnership with Juneau Hydropower to develop a 19.8 megawatt hydroelectric facility at Sweetheart Lake, Alaska, designed to generate approximately 116,000 megawatt-hours annually and enhance grid reliability. Ameresco also renewed its asset management contract with the Government of Nunavut, continuing a partnership that began in 2011, to manage over 1,200 buildings and 2,500 vehicles and equipment assets using its AssetPlanner platform. Additionally, Ameresco is collaborating with the U.S. Army at Detroit Arsenal on a 3D printing project to improve building insulation, aiming to enhance energy efficiency by 50%. The company is also competing for a $3 billion energy and water conservation contract alongside other firms, with the U.S. Army Corps of Engineers overseeing the process. UBS analysts recently raised Ameresco’s stock price target to $11 from $8, citing a more optimistic view of the company’s federal contracting business, which constitutes about 30% of its total project backlog. Despite the increase, UBS maintained a cautious outlook, noting the need for more clarity on tariff impacts and federal contract scopes.
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