Ameresco stock gained 2.71 percent as Army projects advanced? no wait

Published on 10/04/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ameresco stock gained 2.71 percent to USD 21.57 on October 2, 2026, while Q2 revenue reached USD 515.5 million. Awarded backlog rose 65 percent to USD 4.4 billion.

AMRC, US02361E1082, Illustration mit AI erstellt.

Ameresco stock (ISIN US02361E1082) was last at USD 21.57 on the NYSE on October 2, 2026, up 2.71 percent from the prior close. The latest company catalyst is a U.S. Army selection for exclusive negotiations on long-term power-generation leases at Aberdeen Proving Ground and Picatinny Arsenal, announced on September 21, 2026, by Ameresco.

Army projects expand the pipeline

The Army projects would add commercial generation capacity to state grids and provide resilient on-site power during qualifying outages. Ameresco plans modular microreactor and small modular reactor technologies at Picatinny, while its Aberdeen project includes collaboration with Terrestrial Energy on an integrated molten salt reactor.

The opportunity is strategically important but remains development-stage. The Army said formal lease agreements are in their initial stages, with development slated to begin as early as 2027 and initial operating capability targeted by 2030, according to the United States Army.

Q2 backlog rose faster than revenue

Ameresco's Q2 2026 revenue was USD 515.5 million, up 9 percent from the prior-year quarter, while net income attributable to common shareholders was USD 9.7 million. Adjusted EBITDA reached USD 62.8 million, and gross margin was 17.7 percent, according to Ameresco.

The operating leverage showed most clearly in the project pipeline. Awarded project backlog increased 65 percent to USD 4.4 billion, while total project backlog rose 32 percent to USD 6.7 billion in Q2 2026, according to Yahoo Finance. The conversion timetable matters: management said data-center awards can take 6 to 24 months to become contracted projects, with implementation extending up to three years.

Consensus target stays above the stock

MarketBeat reported a Moderate Buy consensus from 14 analysts, with an average price target of USD 41.89. That target lies 94.2 percent above the USD 21.57 price on October 2, 2026, while the same report cited fiscal 2026 adjusted EPS guidance of USD 1.15-1.35.

Ameresco stock remains below its yearly high

Ameresco stock was last at USD 21.57 on October 2, 2026, with a 52-week range of USD 18.38 to USD 44.93 and market capitalization of USD 1.1 billion. The price sits closer to the yearly low than the high, leaving backlog conversion, financing and permitting as the central operating variables.