By Katherine Hamilton
Ameresco shares fell after it said it expects federal funding changes to affect some of its projects.
The stock slid 33% to $12.28 Friday, at one point hitting a 52-week low of $11.88.
The Framingham, Mass., energy provider said its federal projects will be affected as the new administration decides which projects align with funding priorities.
It anticipates $1.9 billion in 2025 revenue at the midpoint, which includes uncertainties about the political and regulatory environment, Ameresco said. Analysts polled by FactSet were previously estimating $1.95 billion for revenue.
"If these factors last longer than anticipated, our earnings could be impacted," it said.
Ameresco posted a profit of $37.1 million, or 70 cents a share, for the three months ended Dec. 31, compared with $33.7 million, or 64 cents a share, the prior year.
Stripping out one-times items, adjusted earnings per share were 88 cents, ahead of the 79 cents forecast by Wall Street, according to FactSet.
Revenue rose 21% to $532.7 million, beating the analysts' expectations of $522.3 million.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 28, 2025 12:51 ET (17:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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