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ORANGE, Calif. - Ameresco, Inc. (NYSE:AMRC) has completed a solar photovoltaic installation project across seven schools in the Orange Unified School District (OUSD), according to a press release statement. The project, featuring rooftop and carport canopy systems, is expected to generate $6.3 million in savings for the district over a 25-year period. Ameresco shares have surged 158% over the past six months, with analysts setting a consensus price target 25% above current levels, according to InvestingPro data.
Five of the seven solar projects have been completed, with the remaining two high school installations scheduled to be energized by the end of 2025. The systems are installed at four elementary schools, one middle school, and two high schools throughout the district.
Under the power purchase agreement, Ameresco will own and maintain the solar systems while OUSD purchases the generated power at a fixed rate for the next 25 years. This arrangement aims to protect the district from energy price fluctuations.
"Our strong and long-term partnership with Ameresco is helping us to decrease energy costs and work toward our goal to optimize efficiency across the district," said Isela Vazquez, Sr. Executive Director, Facilities Development & Planning at Orange Unified School District, in the statement.
OUSD serves approximately 25,000 students from preschool to grade 12 across Orange County, California. The solar initiative is part of the district’s broader sustainability efforts to enhance efficiency and reduce fuel consumption.
The project represents one of several initiatives by the district to increase its reliance on renewable energy through on-site solar systems.
In other recent news, Ameresco Inc. reported its financial results for the third quarter of 2025, exceeding analysts’ earnings expectations with an EPS of $0.35, compared to the forecasted $0.24. Revenue also surpassed projections, reaching $526 million against an anticipated $518.4 million. Following these results, several analyst firms adjusted their outlooks on Ameresco. Stifel raised its price target to $37, citing strong EBITDA performance that exceeded expectations by 7.8%. Jefferies increased its price target to $45, noting the company’s revenue and EBITDA beat while maintaining a Buy rating. Canaccord Genuity also raised its price target to $44, highlighting rising electricity demand as a favorable condition for Ameresco’s energy solutions. Despite potential uncertainties, Ameresco reiterated its full-year guidance, reflecting confidence in its ongoing operations. These developments indicate a positive sentiment among analysts regarding Ameresco’s recent performance and future prospects.
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