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Ameresco Inc’s stock reached a significant milestone, hitting a 52-week high of 40.87 USD, with InvestingPro data showing the stock has surged an impressive 257% over the past six months. This achievement underscores a robust year for the company, with its stock appreciating by 22.61% over the past year. The rise to a 52-week high reflects positive investor sentiment, though technical indicators suggest the stock may be in overbought territory. With a market capitalization of $2.15 billion and revenue growth of 23% in the last twelve months, Ameresco maintains a strong market position. However, according to InvestingPro analysis, the stock appears fairly valued at current levels, with 20+ additional insights available to subscribers. This performance positions Ameresco well within the renewable energy sector, as it continues to capitalize on growing demand and favorable market conditions.
In other recent news, Ameresco has secured a significant $197 million Energy Savings Performance Contract with the U.S. Naval Research Laboratory. This project focuses on modernizing infrastructure at the Washington, D.C. campus and Chesapeake Bay Detachment, enhancing energy and water systems. Additionally, Ameresco has announced plans to develop a 100 MW AI-optimized data center at Naval Air Station Lemoore in California, in collaboration with the U.S. Navy and CyrusOne. This development will include a new microgrid and infrastructure upgrades to improve energy resilience.
In another update, Jefferies has upgraded Ameresco’s stock rating from Hold to Buy, citing reduced execution risks and less uncertainty around the Inflation Reduction Act. Furthermore, Ameresco recently completed two energy infrastructure projects at Ave Maria University in Florida. These projects involved implementing a new building automation system, resulting in projected annual savings of approximately $200,000. These developments highlight Ameresco’s ongoing efforts to expand its energy solutions and infrastructure projects.
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