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CARLSBAD, N.M. - Energy solutions provider Ameresco, Inc. (NYSE:AMRC), a $1.01 billion market cap company currently trading at $19.24, has completed a guaranteed utility savings project at Southeast New Mexico College (SENMC), according to a press release statement issued Wednesday. According to InvestingPro data, the company has demonstrated strong performance with 30.13% revenue growth over the last twelve months.
The project, which includes a 20-year operations and maintenance contract, is expected to save the college over $141,000 annually in energy costs. While Ameresco maintains a healthy current ratio of 1.57, indicating strong ability to meet short-term obligations, InvestingPro analysis reveals over 10 additional key financial metrics and insights available to subscribers, helping investors make more informed decisions about energy sector investments.
Ameresco implemented several energy efficiency upgrades across the campus, including interior and exterior LED lighting retrofits, rooftop unit upgrades, heat pump and heating hot water coil replacements, condenser evaporative cooling improvements, building control updates, and building envelope enhancements.
The company also installed high-efficiency transformers and constructed 977.7 kW-DC of solar photovoltaic covered parking structures, which provide both shade and energy generation.
"What started as a distant dream of replacing aging HVAC equipment, providing solar-covered parking for our students, employees, and guests, and keeping our energy costs under control has become a reality thanks to our partnership with Ameresco," said Dr. Kevin Beardmore, President of Southeast New Mexico College.
The project, completed in June 2025, includes a 20-year energy performance guarantee from Ameresco for the energy efficiency upgrades and renewable energy installations. With the company’s demonstrated profitability over the last twelve months, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which provide in-depth insights into Ameresco’s financial health and growth potential among 1,400+ top US stocks.
SENMC, which recently finalized its first campus master plan and five-year strategic plan, sought these improvements to enhance facility operations reliability and improve learning environments for students and faculty.
The project was designed to address campus deferred maintenance while reducing energy and utility costs in an economically responsible manner.
In other recent news, Ameresco, Inc. announced the launch of a $30 million energy infrastructure project with the University of Illinois Chicago. This initiative aims to enhance energy efficiency by upgrading HVAC systems in two campus buildings, promising over $1 million in annual energy and operational savings. Additionally, Ameresco has partnered with Juneau Hydropower to develop a 19.8 megawatt hydroelectric facility at Sweetheart Lake in Alaska, set to boost Juneau’s clean hydropower capacity by 20%. In another development, the company renewed its asset management contract with the Government of Nunavut, continuing a collaboration that started in 2011. Ameresco also appointed Spyros Kairis as General Manager for South, East, and Central Europe, bringing over 20 years of experience to oversee operations and drive growth in the region. Furthermore, the U.S. Army’s Detroit Arsenal is working with Ameresco on a 3D printing project aimed at improving building insulation and energy efficiency by 50%. These developments reflect Ameresco’s ongoing efforts to expand its energy solutions and partnerships globally.
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