Ameresco CFO Mark A. Chiplock to Resign, Departure Effective Sept 25, 2026

Ameresco (AMRC) reported record $1.8B in new project awards for Q2 2026, with $1.2B tied to data center power projects. Total backlog rose 32% YoY to $6.73B. However, net income fell to $9.7M ($0.18 per share) from $12.9M ($0.24) YoY, and the company posted a net loss of $8.6M for H1 2026. Management raised full-year Non-GAAP EPS guidance to $1.15-$1.35, citing tax benefits. Cash increased to $138.3M from $71.8M YoY.

Ameresco (AMRC) appointed Julie Bradshaw and Debbie Angelico as interim principal financial and accounting officers, respectively, following CFO Mark Chiplock's resignation. Both executives have internal experience and prior leadership roles. The company has started a search for a permanent CFO.

Ameresco reported a record $1.8B in new project awards in Q2, driven by $1.2B in data center projects, bringing its total backlog to $4.4B. The company is also expanding in the RNG market. Revenue increased 9.14% to $515.46M, but net income fell 24.4% to $9.7M due to higher costs.

Ameresco (AMRC) is involved in the $374.7M Sweetheart Lake Hydroelectric Project, expanding its clean energy portfolio. The company also announced leadership changes, including the resignation of its CFO and General Counsel. Ameresco has a $5.0B project backlog and operates 839 MWe of assets, with a market value of about $1.2B.

Ameresco announced the departure of its Chief Financial Officer, according to a Reuters report. The company did not specify a reason for the departure or provide a successor. This leadership change may impact investor confidence and operational stability.

Ameresco's shares declined after Baird downgraded the company to 'Neutral' from 'Outperform' and reduced its price target to $32 from $36. The stock has fallen 10.56% over the past 5 days and 12.97% year-to-date.