SCHEDULE 13G/A: Vanguard Group Amends SEC Filing, Disclosing 7.64% Stake in Ameresco Inc.

The Vanguard Group has filed an amended Schedule 13G, reporting a 7.64% beneficial ownership stake in Ameresco Inc.'s common stock as of March 31, 2025.

Summary

• The Vanguard Group, a major investment adviser based in Pennsylvania, has filed an Amendment No. 3 to its Schedule 13G regarding its beneficial ownership in Ameresco Inc.
• As of March 31, 2025, The Vanguard Group beneficially owns an aggregate of 2,640,429 shares of Ameresco Inc. Common Stock.
• This ownership represents 7.64% of Ameresco Inc.'s outstanding common stock.
• The Vanguard Group holds sole voting power over 0 shares, shared voting power over 120,865 shares, sole dispositive power over 2,488,157 shares, and shared dispositive power over 152,272 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Ameresco Inc.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of a passive investment by a major institutional investor, which is generally viewed as a neutral to slightly positive signal, indicating the company meets investment criteria for large funds.

Positives

• The disclosure of a significant stake (7.64%) by a large, reputable institutional investor like The Vanguard Group can signal confidence in Ameresco Inc.'s long-term prospects.
• Increased institutional ownership can contribute to market stability and liquidity for the company's stock.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Ameresco Inc.'s future performance or The Vanguard Group's future investment intentions beyond its passive holding status.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Ashley Grim, Head of Global Fund Administration for The Vanguard Group)

Industry Context

This filing reflects a routine disclosure by a major asset manager, The Vanguard Group, regarding its passive investment in Ameresco Inc., a company operating in the renewable energy and energy efficiency sector. Such institutional holdings are common and indicate that the company meets the investment criteria for inclusion in various funds managed by Vanguard, aligning with broader trends of institutional investment in sustainable and infrastructure-related industries.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant institutional holder, which can contribute to market confidence and liquidity.
• Investors: Provides updated information on institutional ownership, which can be a factor in investment decisions.

Key Dates

Keywords

Ameresco Inc, Vanguard Group, Schedule 13G, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, AMRC