12 Most Promising Small-Cap Industrial Stocks Under $30

10. Ameresco Inc. (NYSE:AMRC)

Ameresco Inc. (NYSE:AMRC) is one of the 12 most promising small-cap industrial stocks under $30.

On March 11, Ameresco Inc. (NYSE:AMRC) was subject to a price target increment by Stifel Nicolaus, from $37 to $38. The firm maintained its Buy rating on the stock, which now offers a revised upside potential of almost 43% at the current level. The firm attributed this revision to the company’s fourth-quarter performance, which turned out to be better than expected. Moreover, the firm also feels confident about the management’s guidance for 2026, which it labelled as solid.

Back on March 4, B. Riley also increased the firm’s price target for Ameresco Inc. (NYSE:AMRC) from $45 to $47. The firm reiterated its Buy rating on the stock, which yields an adjusted upside of more than 76%. The firm noted Ameresco’s fourth quarter results, where it posted $581 million in revenue. This topline outperformance was followed by $70 million in EBITDA.

The management also shared guidance for 2026, projecting revenues in the range of $2 billion and $2.2 billion. EBITDA is expected to stand somewhere between $270 million and $295 million, while the company is expected to deliver an EPS between $1.10 and $1.35 per share. B. Riley also highlighted that the company currently stands with an impressive project backlog of $5 billion.

Ameresco Inc. (NYSE:AMRC) provides energy solutions such as energy efficiency, upgrades, security, asset sustainability, and renewable energy services. The company delivers its services to business entities across the globe. It also delivers operational maintenance solutions and cost reduction projects for customers.