A director at Ameresco Inc. purchased 4,625 shares of the company’s Class A common stock on August 21, 2026, for a total of $100,085 at $21.64 per share. The transaction occurred as Ameresco’s stock traded near $22.07, down nearly 13% over the preceding week. InvestingPro analysis at the time suggested the shares appeared undervalued at current levels.
Post-transaction, Brian C. Cox directly held 44,325 shares of Ameresco’s Class A common stock. The purchase follows the company’s second-quarter 2026 financial results, which reported revenue of $515.5 million, exceeding the consensus estimate of $465 million. Non-GAAP earnings per share matched analyst expectations at $0.20, while adjusted EBITDA totaled $62.8 million, slightly above the consensus estimate of $61 million.
Ameresco also raised its full-year non-GAAP EPS guidance. The company recorded a record $1.8 billion in new contracts during the quarter, including $1.2 billion from data center projects. Total project backlog reached $6.73 billion, representing a significant increase from the prior year.
Analysts maintained mixed but constructive views. Cantor Fitzgerald maintained an above-average rating with an overweight/outperform stance, citing growth in the data center segment, and set a price target of $44.00. Oppenheimer reiterated an in-line performance rating, emphasizing robust data center project achievements and favorable second-quarter results.
Separately, David J. Corrsin resigned from his roles as Class II Director and Executive Vice President, though he continues to serve as Special Legal Counsel. The company stated his departure was not due to any disagreements over operations or policies.
