Ameresco Stock Surges After Q2 Revenue Beat and Raised Guidance

Shares of Ameresco (NYSE: AMRC) surged more than 27% in after-hours trading after the energy infrastructure company released second-quarter 2026 financial results that topped Wall Street estimates and included an upgraded forecast for the full year.

Revenue Beats, Backlog Hits Record

Ameresco reported a significant revenue beat for the second quarter, providing a key catalyst for the stock's rally. The company also pointed to a record-breaking project backlog, signaling strong future revenue visibility.

Key figures from the Q2 2026 report include:

• Revenue: $515.5 million, a 9% year-over-year increase and well above the analyst consensus of approximately $467 million.
• Adjusted EPS: $0.20, matching consensus estimates precisely.
• Total Project Backlog: A record $6.73 billion, up 32% from the prior year.

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The backlog was fueled by $1.8 billion in new project awards during the quarter. Ameresco highlighted that $1.2 billion of these new awards were tied to data center projects, a key high-growth area for the company.

Upgraded Outlook and Market Reaction

Buoyed by the strong quarterly performance, Ameresco's management raised its financial outlook for the full year 2026. The company now expects adjusted earnings per share in a range of $1.15 to $1.35, which is above the prior analyst consensus of $1.10. It also set a full-year revenue target of $2.00 billion to $2.20 billion.

The combination of a substantial revenue beat, record backlog, and positive guidance revision prompted a sharp upward move in the company's stock, which had been under pressure in recent months. The after-hours price of $29.02 remains well below its 52-week high of $44.93.