Added to YB: 2026-04-29
Pitch date: 2026-02-27
AMRC [bearish]
Ameresco, Inc.
+5.23%
current return
Author Info
No bio for this author
Company Info
Ameresco, Inc. engages in the provision of energy solutions in the United States, Canada, and Europe.
Market Cap
$1.5B
Pitch Price
$29.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.85
P/E
33.64
EV/Sales
2.01
Sector
Construction and Engineering
Category
value
Ameresco, Inc. - $AMRC (short)
AMRC (short): Clean tech integrator w/ EBITDA 62% from owned assets, 38% from low-margin EPCM (4.9% Projects margin). Forensic red flags: unbilled/prepaid costs 168% of rev (vs 39% in 2018), rising DSOs, adjusted EBITDA adds back 34%+ incl non-recourse debt interest. Chronic negative FCF except '24 SCE $110M catch-up. OBBB solar cliffs end ITCs 12/31/27, hurting asset returns. 14.4x EV/EBITDA vs PWR quality. CFO exit, insider selling. Risks: Navy data center, RINs/ITCs value, SMR. Catalyst: earnings reset
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