Ameresco Announces Interim Financial Leadership Amid CFO Transition

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 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, Inc. announced that Mark A. Chiplock will resign as CFO, effective September 25, 2026, to pursue other opportunities. The company has started a search for a replacement. The departure is not due to any disagreement with the company.

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.