re: WLAC/BRUN - Willow Lane/Boost Run

“AMERESCO $AMRC

Ameresco helps customers reduce energy costs, modernize energy infrastructure, and add distributed energy assets. It designs, engineers, builds & finances energy projects Its customers are heavily weighted toward governments, schools, utilities, hospitals, military facilities, municipalities, and increasingly - **datacenters**.

In plain English: Ameresco walks into an old, inefficient building, campus, landfill, utility site, military base, or industrial facility and says, “We can cut your energy bill, upgrade your equipment, build your energy infrastructure, and structure the project so savings or long-term offtake payments help pay for it.”

That can mean LED retrofits, HVAC upgrades, building controls, water conservation, solar, battery storage, microgrids, renewable natural gas, landfill gas, combined heat and power, EV charging, and long-term operations and maintenance.

The key nuance: Ameresco is not just a contractor. It is also an energy-asset owner/operator. It builds and owns distributed energy assets and sells electricity, heat, cooling, processed biogas, or RNG under contracts. As of year-end 2025, Ameresco said it owned and operated 227 energy plants totaling about 838 MWe, with another 853 MWe in development or construction.

Datacenters are struggling to bring power online quickly. Power infrastructure takes a long time to build. $AMRC has not ripped this year, unlike many other behind-the-meter power names, and the technical setup this morning pushing into the 200sma with the moving averages stacked closely together looked very promising to me.

Ameresco’s own data-center materials emphasize data-center power constraints, continuous power needs, interconnection queues, volatile power prices, and behind-the-meter energy solutions. The company says it has experience deploying more than 4 GW of resilient and renewable energy resources.

Ameresco is an explicit Bloom project partner. In 2024, Taylor Farms announced a microgrid project with Bloom, Ameresco, and Concept Clean Energy. The system combines 6 MW of Bloom fuel cells, 2 MW of solar, and a 2 MW / 4 MWh battery to power a 450,000-square-foot Taylor Farms facility.

Ameresco announced a collaboration with the U.S. Navy and CyrusOne to develop a 100 MW AI-ready data center and on-site energy infrastructure at NAS Lemoore. The project is expected to include dedicated on-site generation, a microgrid, engine generators, and control systems. The first portion is expected online in 2027.

CyrusOne is a serious partner, operating more than 55 data centers across the U.S., Europe, and Japan. Ameresco’s release also cautioned that the project was not necessarily indicative of revenue timing and was not included in assets in development as of June 30, 2025.

Ameresco also announced a major behind-the-meter battery storage project at Nucor Kingman in Arizona using Tesla Megapack systems. The company described battery storage demand as being fueled partly by data centers and manufacturers.

Their Neogenyx biofuels platform has also been validated as meaningfully valuable. The HASI transaction valued Neogenyx at a $1.8 billion post-money enterprise value and brought in $400 million of committed capital, including $100 million distributed to Ameresco at closing. This is one of the strongest green flags, because it provides third-party validation of part of the asset base.

The company's backlog is the highest quality business validation. The company disclosed that its sales cycle can run 18 to 42 months, awarded-to-signed conversion can take 12 to 42 months, and construction can take 12 to 36 months. It estimates that about **90%** of awarded projects convert to signed contracts.

At Q1 2026, total project backlog increased to $5.3 billion, and total revenue visibility was disclosed at $10.6 billion. The company currently trades at just 0.8x sales...

I've taken a 1.5% position in the October $35 calls @ $4.59 avg.”

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anyone buying this dip?

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Absolutely.

I bought more BRUN.

Started small position at 23.48 in BRUN.

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Renewed position at $22.96/share

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Up 5% since buying back in, rallying a bit this afternoon

Nothing has changed since it was $31 on Friday.
I believe it’s an add.
$35 soon enough.

Why the hell didn’t I sell at $30? Dad gumment

People keep comparing this to NBiS 1.5 years ago. Is that nonsense? Does it have the potential to reach IREN/APLD status?

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If BRUN grows to a few billion it’s a NBIS like move.

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How confident are ya in them? Im only in for 250 shares. They have NVDA blessing and 1.4 billion agreement with Dell. Worth going in a little stronger? Did NbiS have that kind of deal (equivalent to the one with Dell) this early on? Just seems like theyve come from nowhere to somewhere fast.


I’ll go back and read some more posts.

We should find out alot about $BRUN soon. They're scheduled to report in the next 4 trading days.

Closed out my August calls.