March 3, 2020
Ameresco reports largest-ever number of future projects
Photo | Grant Welker
Ameresco's Framingham headquarters
By Sam Bonacci
Framingham energy firm Ameresco has reported strong fourth quarter numbers and a large number of future projects.
The company reported fourth quarter revenue of $306.6 million, a 29% year-over-year increase and 2019 revenue of $866.9 million, a 9% increase.
Net income increased for both the fourth quarter and the year, nearly doubling in the fourth quarter to $22.2 million and climbing for the year to $44.4 million compared to $38 million in 2018.
The company reported its largest ever backlog of projects with $1.1 billion by the end of 2019.
Ameresco's stock was trading up 1.5% on Tuesday morning, at $23.35 per share on the New York Stock Exchange.
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