Ameresco Expects Five Data Center Projects to Enter Contracted Backlog in 12 to 18 Months

Ameresco, Inc. (NYSE: AMRC) expects five awarded data center projects to enter contracted backlog within 12 to 18 months, with conversion dependent on permitting, finalizing customer contracts and securing equipment.

The timeline was part of Ameresco’s third-quarter update. Its third-quarter results included $580.3 million in revenue and non-GAAP earnings per share of $0.88.