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FRAMINGHAM, Mass. & NAPLES, Fla. - Ameresco, Inc. (NYSE:AMRC) has completed two integrated design-build projects at Ave Maria University in Florida aimed at modernizing the university’s building infrastructure, the company announced in a press release.
The first phase implemented a new building automation system that integrates HVAC equipment across five campus buildings. The web-based platform has improved occupant comfort and operational controls, with projected annual savings of approximately $200,000.
The second phase addressed exterior lighting improvements to enhance visibility and campus safety, according to the statement.
Ameresco is also developing a third phase project to increase the central utility plant’s capacity by more than 80%. This upgrade will add a 3,000-ton chiller to the plant, boosting total capacity from 3,600 tons to 6,600 tons. The expansion aims to ensure system redundancy and improved efficiency across the university’s 17 facilities, with construction expected to be completed in 2026.
"As our campus continues to grow, we knew we needed to invest in infrastructure that could keep pace—not just for today, but for the future," said Paul Husak, Chief Operating Officer at Ave Maria University, in the press release.
Lou Maltezos, President of Central & Western USA, Canada Regions at Ameresco, stated that the project demonstrates "how thoughtful energy infrastructure planning can unlock long-term value."
The energy infrastructure improvements align with Ave Maria University’s strategic growth plans and are designed to support the institution’s long-term academic needs. Despite recent market volatility, Ameresco has demonstrated strong momentum with a 13% return over the past week. For detailed analysis and comprehensive insights, investors can access Ameresco’s full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Ameresco announced a significant partnership with the U.S. Navy to develop a 100 MW AI-optimized data center and energy infrastructure at Naval Air Station Lemoore. This project, in collaboration with CyrusOne, will include a new microgrid with engine generators and control systems, enhancing energy resilience. Ameresco’s strong second-quarter financial results have also drawn attention, with the company reporting revenue of $472.3 million and adjusted EBITDA of $56.1 million, surpassing expectations by 15.2% and 5.5%, respectively. The Projects segment notably contributed to this performance with revenue 18.7% above forecasts.
Investment firms have responded positively to these developments. Baird upgraded Ameresco’s stock rating from Neutral to Outperform, citing strong demand for the company’s clean energy expertise as a key factor. UBS also upgraded its rating from Sell to Neutral, highlighting strong demand for turnkey energy solutions and improved margin outlook. Stifel reiterated its Buy rating following the company’s robust Q2 results, maintaining a price target of $17.00. These recent developments reflect Ameresco’s growing role in energy infrastructure and clean energy solutions.
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