Ameresco third quarter revenue rises; expectations high for 2017

Ameresco

Ameresco, a provider of energy efficiency and renewable energy solutions, reported $204.7 million in revenues for the third quarter ended September 30, 2017, compared to $180.6 million against the prior year.

“We had a great quarter,” said George P. Sakellaris, president and chief executive officer of Ameresco. “We are utilizing innovative technologies to increase the size and value of our efficiency projects. We are also pursuing ways to expand our addressable market. And we continue to grow our energy asset portfolio, which produces high margin recurring revenue.”

Sakellaris continued, “Our strategy drove excellent results, with earnings and EPS up double digits. We are confident we will conclude the year with solid momentum. We believe this momentum will continue into the new year as well, and we look forward to even more success in 2018.”

Ameresco expects to earn total revenue in the range of $680 million to $705 million in 2017.

 

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