Jan. 12 at 11:45 PM
$AMRC This one's not for Canning2019, but for those who can actually understand the basics of the business which Ameresco is in:
- Ameresco is not competing with Chinese solar panel manufacturers (or Chinese battery storage manufacturers).
- It mainly earns money by designing, financing, and building energy-efficiency and clean-energy projects for customers like governments, schools, hospitals, utilities, and housing authorities (public housing).
- For the hardware (solar panels, batteries, controls), it typically buys equipment from other companies instead of making it.
- Its main competitors are other ESCOs and energy service/integration firms, not equipment makers.
- It also owns/operates a smaller “Energy Assets” portfolio, and those assets are extremely profitable (very high EBITDA margins), even if they are a smaller part of revenue.
See my quarterly updated sheet under "EBITDA margins" and my other message below to see a list of competitors.
