Ameresco's Q2: Record Backlog, Diversification, and Growth

Amerescos Q2 results are blazing hot, with revenue up 8%, EBITDA surging 24%, and EPS soaring. Theyve hit a record project backlog of $5.1 billion, up 16%, and total revenue visibility is nearly $10 billion. The company is diversifying across customers and geographies, with energy asset revenue up 18% and operations at 750 MW. Theyre converting awards to contracts faster than ever, driven by rising power prices and grid issues. Clients are seeking on-site generation and efficiency upgrades due to skyrocketing electricity costs and supply hiccups. Federal business is bouncing back, and broader market shifts are opening doors in C and I sectors. Despite a battery suppliers bankruptcy, Amerescos cash flow remains positive, and theyre raising project financing. With margins improving, backlog exploding, and eyes on next-gen tech, Ameresco is set for long-term success. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a81a2bc1089ac28d