Ameresco reports Q2 revenue of $515M, up 9% year-over-year, as backlog jumps 32% to $6.73B.
Ameresco (AMRC) shares jumped 26.7% in post-market trading after reporting Q2 revenue of $515M, a 9% year-over-year increase, exceeding expectations. Adjusted earnings matched estimates.
The company’s total project backlog rose 32% year-over-year to a record $6.73B, driven by strong demand for its energy efficiency and renewable energy solutions. Prior-year backlog stood at $5.1B, with revenue growth aligning with recent trends.
No immediate market reaction details were provided beyond the share price movement.