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Last $7.73 USD
Change Today +0.07 / 0.91%
Volume 79.0K
AMRC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

ameresco inc-cl a (AMRC) Snapshot

Open
$7.71
Previous Close
$7.66
Day High
$7.80
Day Low
$7.48
52 Week High
08/15/14 - $8.98
52 Week Low
02/2/15 - $5.78
Market Cap
359.4M
Average Volume 10 Days
79.2K
EPS TTM
$0.32
Shares Outstanding
28.5M
EX-Date
--
P/E TM
24.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERESCO INC-CL A (AMRC)

ameresco inc-cl a (AMRC) Related Businessweek News

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ameresco inc-cl a (AMRC) Details

Ameresco, Inc. provides comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations in North America and Europe. The company operates through U.S. Regions, U.S. Federal, Canada, and Small-Scale Infrastructure segments. It develops, designs, engineers, and installs projects that reduce the energy, and operations and maintenance costs of facilities. The company’s projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, air conditioning, and lighting systems. It also provides renewable energy products and services, including the construction of small-scale plants for customers that produce electricity, gas, heat, or cooling from renewable sources of energy; and sells electricity and processed LFG, heat, or cooling. In addition, the company offers enterprise energy management and consulting services; and sells solar photovoltaic (PV) energy products and systems. It serves governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. As of December 31, 2014, Ameresco owned and operated 45 small-scale renewable energy plants and solar PV installations. The company was founded in 2000 and is headquartered in Framingham, Massachusetts.

1,026 Employees
Last Reported Date: 03/6/15
Founded in 2000

ameresco inc-cl a (AMRC) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $550.0K
Executive Vice President of Engineering and O...
Total Annual Compensation: $299.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $297.1K
Executive Vice President of Business Developm...
Total Annual Compensation: $306.5K
Advisor
Total Annual Compensation: $240.3K
Compensation as of Fiscal Year 2014.

ameresco inc-cl a (AMRC) Key Developments

Ameresco, Inc. Enters into Third Amended and Restated Bank Credit Facility

On June 30, 2015, Ameresco, Inc. entered into a third amended and restated bank credit facility with Bank of America, N.A. and Webster Bank, N.A., for whom Bank of America, N.A. acts as Administrative Agent. The new credit facility replaces and extends Ameresco's existing credit facility, which was scheduled to expire in accordance with its terms on June 30, 2016. Ameresco expects to use the new credit facility for general corporate purposes of Ameresco and its subsidiaries, including permitted acquisitions, refinancing of existing indebtedness and working capital. The credit facility consists of a $60 million revolving credit facility and an approximately $17.1 million term loan. The amount of the term loan represents the amount outstanding under Ameresco's existing term loan at closing. The revolving credit facility may be increased by up to an additional $25 million at Ameresco's option if lenders are willing to provide such increased commitments, subject to certain conditions. Up to $20 million of the revolving credit facility may be borrowed in Canadian dollars, Euros and Pounds Sterling. Ameresco is the sole borrower under the credit facility. The interest rate for borrowings under the credit facility is based on, at Ameresco's option, either (1) a base rate equal to a margin of 0.50% or 0.25%, depending on Ameresco's ratio of Total Funded Debt to EBITDA, over the higher of (a) the Federal funds effective rate, plus 0.50%, (b) Bank of America's prime rate and (c) a rate based on the London interbank deposit rate plus 1.50%, or (2) the one-, two- three- or six-month LIBOR plus a margin of 2.00% or 1.75%, depending on Ameresco's ratio of Total Funded Debt to EBITDA. A commitment fee of 0.375% is payable quarterly on the undrawn portion of the revolving credit facility. Immediately following the closing, the interest rate for borrowings under the revolving credit facility was 3.50% and interest rate for borrowings under the term loan was 2.03%. Interest on the term loan has been swapped into a fixed rate of 3.72%. The revolving credit facility does not require amortization of principal. The term loan requires quarterly principal payments of $1,428,571.43, with the balance due at maturity. All borrowings may be paid before maturity in whole or in part at Ameresco's option without penalty or premium, other than reimbursement of any breakage and deployment costs in the case of LIBOR borrowings.

Ameresco and Town of Framingham Partner on ESPC Project

Ameresco, Inc. and the Town of Framingham, Massachusetts, have announced that they are partnering on a $6 million energy savings performance contract, or ESPC, to reportedly improve town buildings and increase operational efficiency. The infrastructure upgrades are expected to deliver greater energy efficiency and operational cost savings, enhance comfort for building occupants and reduce greenhouse gasses and emissions. The project is expected to be completed in the spring of 2016.

Ameresco, Inc. Presents at ROTH Cleantech Day, Jun-25-2015

Ameresco, Inc. Presents at ROTH Cleantech Day, Jun-25-2015 . Venue: The Dorchester, 53 Park Lane, Mayfair, London, W1K 1QA, United Kingdom. Speakers: David J. Anderson, Executive Vice President of Business Development and Director, John R. Granara, Chief Accounting Officer, Vice President and Corporate Controller.

 

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Industry Analysis

AMRC

Industry Average

Valuation AMRC Industry Range
Price/Earnings 25.0x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 17.3x
TEV/Sales 0.3x
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