Ameresco (AMRC) Falls After Q1 Results Show Revenue Growth, Wider Non-GAAP Loss

Ameresco shares fell after its first-quarter results showed 14% year-over-year revenue growth but also margin pressure and a larger-than-expected non-GAAP loss, raising investor concerns about execution costs and profitability. Management cited stronger project execution and demand for federal and energy infrastructure solutions as revenue drivers. CEO George Sakellaris said adverse weather affected several renewable natural gas sites, while backlog growth and new awards indicated continued demand. CFO Mark Chiplock said operating expenses rose to $46 million in the quarter, driven by investments in staffing and project development. Ameresco traded at $29.98 after the earnings release, down from $31.48 before the report, as investors weighed backlog conversion, renewable fuel project deployment and cost controls.