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WARREN, Mich. - The U.S. Army’s Detroit Arsenal in Warren, Michigan, is implementing an innovative energy efficiency project using 3D printing technology to improve building insulation, according to a press release from Ameresco, Inc. (NYSE:AMRC). The clean technology integrator, which has demonstrated strong revenue growth of 30% over the last twelve months, continues to expand its federal contract portfolio despite recent market volatility. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 1.57, indicating solid short-term financial stability.
The project, conducted under the Department of Defense’s Environmental Security Technology Certification Program (ESTCP), will cover approximately 6,250 square feet of the facility’s building envelope and is expected to improve energy efficiency by 50%. This initiative adds to Ameresco’s growing portfolio of federal projects, though InvestingPro data indicates the company currently operates with a significant debt burden, reflecting its aggressive growth strategy in the renewable energy sector.
Ameresco is collaborating with Branch Technology and the National Renewable Energy Laboratory (NREL) to design and install a custom-made envelope over cladding system using Branch Technology’s Cellular Fabrication process. This method digitally scans, designs, and manufactures insulation panels through 3D printing.
"This pilot project isn’t just about lowering energy costs; it’s about rethinking how we approach building retrofits across large institutions," said Nicole Bulgarino, President of Federal Solutions and Utility Infrastructure at Ameresco.
As part of the evaluation process, NREL will host a 300-square-foot mockup installation at their research facility in Colorado to assess energy savings and cost-effectiveness.
The initiative represents one of the first Department of Defense projects to demonstrate 3D printing for large-scale energy efficiency upgrades and aims to provide a model for future military and federal building retrofits.
The project supports the Department of Defense’s broader sustainability and resilience goals by potentially reducing energy costs and greenhouse gas emissions through improved building performance.
The project was included in Ameresco’s previously reported contracted backlog as of March 31, 2025. While the stock currently trades below its InvestingPro Fair Value, investors seeking deeper insights into Ameresco’s financial health and growth prospects can access comprehensive analysis and 13 additional ProTips through InvestingPro’s detailed research reports, available as part of their coverage of 1,400+ US equities.
In other recent news, Ameresco has been actively involved in several significant developments. The company recently reported its first-quarter 2025 results, prompting UBS analysts to raise Ameresco’s stock price target to $11 from $8, while maintaining a Sell rating. This adjustment reflects a more optimistic view of Ameresco’s federal contracting business, which comprises a substantial portion of its project backlog. Additionally, Ameresco successfully completed a $71 million sale of Investment Tax Credits tied to its landfill-gas-to-renewable natural gas projects, marking its first such sale under new transferability rules.
Ameresco has also announced the commercial operation of a 1.3 MW solar photovoltaic system at Reston Town Center in Virginia, developed in partnership with BXP, Inc. This project is expected to produce approximately 1.5 million kilowatt-hours of renewable energy annually. Furthermore, Ameresco secured $78 million in Series A notes to fund a battery energy storage project, with plans for Series B notes for a solar plus battery energy storage project. These initiatives are part of a broader $300 million uncommitted private shelf facility for future projects.
In a competitive landscape, Ameresco is among several companies vying for a $3 billion energy and water conservation contract overseen by the U.S. Army Corps of Engineers. These recent developments underscore Ameresco’s ongoing commitment to advancing sustainable energy solutions and its strategic financial arrangements to support future projects.
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