AMERESCO INC: $217M General Services Administration Contract
Summary
Ameresco ($AMRC) secured a $217M delivery order from the GSA for deep energy retrofits at federal buildings across four states. The contract adds to backlog and signals sustained federal investment in energy efficiency, though annual revenue impact is modest at ~0.67%.
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Key Takeaways
- 1.Ameresco wins $217M GSA contract for energy retrofits across 25 federal buildings.
- 2.Annual revenue impact is modest (~$12M/year, 0.67% of revenue) but adds to long-term backlog.
- 3.No direct legislative catalyst, but contract reflects ongoing federal commitment to energy efficiency.
Market Implications
Ameresco ($AMRC) should see a modest positive reaction as the contract reinforces its federal pipeline. The multi-year nature limits immediate EPS impact, but the award demonstrates continued government demand for energy services. Competitors like Johnson Controls ($JCI) may also benefit indirectly from similar contracts, but the direct impact is concentrated on AMRC.
Full Analysis
- The contract: Ameresco received a $217M delivery order under the GSA's National Deep Energy Retrofit Program Round 7, Region 5, covering energy conservation measures at the Bean Federal Center in Indianapolis and 24 other buildings in Indiana, Illinois, Minnesota, and Wisconsin. The period runs from 2025 to 2043. 2) The parent company: Ameresco, Inc. ($AMRC) is a publicly traded pure-play energy efficiency and renewable energy company with FY2024 revenue of $1.8B and net income of $95M. The $217M award represents about 12% of annual revenue if taken in one year, but spread over 18 years it is roughly $12M per year (0.67% of revenue). This is a meaningful addition to backlog but not a transformative catalyst. 3) Connection to legislation: No specific bill signals directly relate to this contract. The award is authorized under existing energy savings performance contract (ESPC) authority, which has broad bipartisan support. 4) Supply chain winners: Subcontractors for energy conservation measures may include HVAC, lighting, and controls providers. Potential beneficiaries include Johnson Controls ($JCI) and Siemens ($SIEGY), though these are diversified conglomerates. Smaller pure-play energy service companies (ESCOs) could also benefit indirectly. 5) Historical pattern: ESPC awards tend to be multi-year and provide stable recurring revenue for ESCOs. Ameresco has a history of winning similar GSA contracts, and such awards typically support steady backlog growth without large stock price swings.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
direct award of a delivery order under the GSA's National Deep Energy Retrofit Program
Who must act
General Services Administration (Public Buildings Service) to Ameresco, Inc.
What happens
$217M added to Ameresco's backlog, representing approximately 12% of FY2024 annual revenue but spread over 18 years (~$12M per year or 0.67% of revenue annually)
Stock impact
Ameresco is a pure-play energy efficiency and renewable energy company; this contract reinforces its federal government pipeline and supports long-term recurring revenue from energy savings performance contracts. The award is meaningful but not transformative given the multi-year duration.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
GOVERNOR'S AUTHORIZED REPRESENTATIVE: $1.8B Department of Homeland Security Grant
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $2.9B Department of Homeland Security Grant
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
SOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract
AMI METALS, INC: $1.5B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.6B Department of Homeland Security Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Declaring a National Emergency to Secure the United States Bulk-Power System
This executive order declares a national emergency to restrict foreign-produced bulk-power system electric equipment that poses national security risks, prohibiting new transactions involving equipment from covered foreign entities and allowing the Secretary of Energy to impose conditions on existing equipment. It directs the Secretary of Energy, in coordination with multiple agencies, to identify, mitigate, and potentially replace risky equipment, and establishes a pre-qualification list for approved vendors.
The National Space Transportation Policy
This memorandum directs multiple agencies to expand and modernize U.S. space launch and reentry infrastructure to support over 1,000 launches annually by 2030, expedite permitting and environmental reviews, develop new federal reentry sites, and strengthen the space transportation industrial base. It mandates range scheduling transparency, spectrum reliability, and workforce development, with specific reports and plans due within 90 to 240 days.
Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States
This proclamation imposes a 100% ad valorem tariff on imports of unmanned aircraft systems (UAS) over 25 kg, those with thermal imagers, docking stations, and certain components, and a 25% tariff on UAS under 25 kg and other components, citing national security under Section 232 of the Trade Expansion Act. It also authorizes the Department of Commerce to establish an onshoring program offering preferential tariff treatment for companies that build new U.S. manufacturing facilities for UAS and components.
Contract Details
Recipient
AMERESCO INC
Award Amount
$217,262,240
Awarding Agency
General Services Administration
Sub-Agency
Public Buildings Service
Contract Type
DELIVERY ORDER
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