George Sakellaris, CEO of Ameresco, bought 14,600 shares of Ameresco (Stock Symbol: AMRC) at $8 per share for a total amount of $116,800 thousand on March 13th, 2014.
Ameresco is located in Framingham, MA.
On 04/08/2014, Ameresco, a leading energy efficiency and renewable energy company, announced that its biomass cogeneration facility located at the U.S. Department of Energy (DOE) Savannah River Site (SRS) in Aiken, South Carolina, operational since January 2012 under the direction of DOE-SR Manager Dr. David Moody, is utilizing storm-damaged timber as a result of the major ice storm which impacted the U.S. southern region during February 11-13, 2014.
On 03/14/2014, Ameresco announced its latest quarterly results. The Company has also furnished prepared remarks in conjunction with this press release in a Current Report on Form 8-K. The prepared remarks contain supplemental information, including non-GAAP financial metrics, and have been posted to the “Investor Relations” section of the Company’s website at www.ameresco.com.
According to Capital IQ, Ameresco has a market cap of $325.15 million, an enterprise value of $472.74 million, and trailing 12 month revenues of $141.60.
Ameresco, Inc. provides energy efficiency solutions for facilities primarily in North America. The company operates through U.S. Regions, U.S. Federal, Canada, and Small-Scale Infrastructure segments. It develops, designs, engineers, and installs projects that reduce the energy, and operations and maintenance costs of facilities. The companys projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems comprising heating, ventilation, air conditioning, and lighting systems. It also provides renewable energy projects and products, including the development, construction, operation of, and the arrangement of financing for, small-scale renewable energy plants that produce electricity, gas, heat, or cooling from renewable sources of energy; and sells such electricity, processed LFG, heat, or cooling from plants that it owns, as well as sells and installs photovoltaic (PV) solar energy products and integrated PV systems. The company serves governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. As of December 31, 2013, it owned and operated 41 small-scale renewable energy plants and solar PV installations. The company was founded in 2000 and is headquartered in Framingham, Massachusetts.
George Sakellaris’s most recent annual compensation from Ameresco is a salary of $530,769, $17,871 in other compensation, and a total compensation of $548,640. Mr. Sakellaris is 66 years old.
According to his biography, Mr. George P. Sakellaris is Chairman of the Board, President, Chief Executive Officer of Ameresco Inc., since 2000. Mr. Sakellaris previously founded Noresco, an energy services company, in 1989 and served as its president and chief executive officer until 2000. Noresco was acquired by Equitable Resources, Inc. in 1997. Mr. Sakellaris was a founding member and previously served as the president, and is currently a director, of the National Association of Energy Service Companies, a national trade organization representing the energy efficiency industry.
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com .
About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.
Recent Comments