{
  "id": 7523149,
  "title": "Ameresco’s (AMRC) Data Center Boom Masks A Cash Flow Problem",
  "url": "https://urgent.news/2026/09/15/amerescos-amrc-data-center-boom-masks-a-cash-flow-problem",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T09:37:16.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/ameresco-amrc-data-center-boom-093716882.html"
  },
  "original_language": "en",
  "account": "On August 3, Ameresco (NYSE:AMRC) reported strong second-quarter 2026 financial results, with $1.8 billion in new project awards, including $1.2 billion in data center power projects. Total backlog increased by 32% year over year to $6.73 billion. However, cash flow and per-share profit decreased, revealing a cash flow problem. The data center story is driving Ameresco's stock attention. Backlog in the Power Infrastructure business rose 65% to $4.4 billion. Three new behind-the-meter data center projects were added, bringing the total to five awarded backlog projects. Revenue grew 9% year over year at $515.5 million, with gross margin expanding to 17.7% and adjusted EBITDA increasing 12% to $62.8 million. The company raised its full-year Non-GAAP EPS guidance to a range of $1.15 to $1.35. Cash rose to $138.3 million from $71.8 million, and corporate leverage sat at 3.2 times EBITDA, below the covenant limit. Despite the record awards, net income attributable to common shareholders was $9.7 million, or $0.18 per diluted share, down from $12.9 million a year earlier. For the first half of 2026, the company posted a net loss of $8.6 million, versus a $7.4 million profit last year. Cash flow from operating activities was negative $107.2 million, and adjusted cash from operations fell to about $30 million on a rolling eight-quarter basis. Ameresco's stock showed reduced hedge fund ownership and a 18.39% short interest against the skepticism, trading at a forward P/E of 14.60. The company's backlog and data center award momentum indicate years of visibility, but cash burn and six-month net loss raise concerns about near-term performance.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}