SCHEDULE 13G: Neil Gagnon and Affiliates Disclose 5.0% Stake in Ameresco, Inc.

Investment manager Neil Gagnon, along with Gagnon Securities LLC and Gagnon Advisors, LLC, has disclosed a combined beneficial ownership of 5.0% of Ameresco, Inc.'s Class A Common Stock.

Summary

• Neil Gagnon, individually and through his affiliated entities Gagnon Securities LLC and Gagnon Advisors, LLC, has reported beneficial ownership of Ameresco, Inc. Class A Common Stock.
• As of March 3, 2025, Neil Gagnon beneficially owns an aggregate of 1,738,193 shares, representing 5.0% of the Class A Common Stock.
• Gagnon Securities LLC reported beneficial ownership of 1,014,988 shares, equating to 2.9% of the class.
• Gagnon Advisors, LLC reported beneficial ownership of 472,798 shares, equating to 1.4% of the class.
• The percentages are calculated based on 34,541,213 shares of Common Stock outstanding as of February 24, 2025, as reported in Ameresco's Form 10-K filed on February 28, 2025.
• Neil Gagnon holds sole voting and dispositive power over 153,541 shares and shared voting and dispositive power over a larger portion through his roles at Gagnon Securities LLC and Gagnon Advisors, LLC.
• The reporting persons expressly disclaim beneficial ownership of securities held in customer accounts and by Gagnon Investment Associates, LLC, where they act as investment managers.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain positive or negative performance data or forward-looking statements that would influence sentiment beyond a neutral reporting of an investment stake.

Positives

• A significant investor, Neil Gagnon, has taken a 5.0% stake in Ameresco, Inc., which could be seen as a vote of confidence in the company.

Risks

• The reporting persons expressly disclaim beneficial ownership of securities held in managed accounts, meaning their direct economic interest in a portion of the reported shares is limited to management fees.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates a passive investment by Neil Gagnon and his associated investment management firms, Gagnon Securities LLC and Gagnon Advisors, LLC, in Ameresco, Inc. Such filings are standard disclosures required by the SEC when an entity or individual acquires beneficial ownership of more than 5% of a company's voting class of securities, signaling a significant, non-controlling stake. This type of filing is common for institutional investors and asset managers.

Stakeholder Impact

• Shareholders: The disclosure of a 5.0% stake by a notable investment manager could be viewed positively, potentially signaling confidence in Ameresco's stock.
• Company Management: Awareness of a significant new shareholder may influence future investor relations strategies.

Key Dates

Keywords

Ameresco Inc., Class A Common Stock, Schedule 13G, Beneficial Ownership, Neil Gagnon, Gagnon Securities LLC, Gagnon Advisors LLC, Investment Adviser, Broker-Dealer, SEC Filing