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Ameresco predicts 2012 revenue to hit $630m

15 Feb 2013

Ameresco, a US-based energy efficiency and renewable energy company, said its upcoming 2012 earnings statement will be impacted by challenging conditions in the solar sector.

The company now expects revenue for the full year 2012 to be approximately $630m, with net income in the range of $17 to 19m.

The final financial results for the fourth quarter and full year of 2012 will be released before the market opens on 1 March.

According to a press release on their website, fourth quarter financial results were impacted by storm-related weather delays and a ‘challenging solar market.’

George Sakellaris, president and CEO of Ameresco, said, ‘We remain confident about the long-term fundamentals of our business as well as the demand for energy efficiency,

‘Total construction backlog of awarded projects and fully-contracted backlog maintained a record level at approximately $1.5 billion.’

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