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Table of Contents <br />December 31, 2018 and that all dividends were reinvested. The graph shows the value that each of these investments would have had at the end of each year. <br />COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN' <br />Among Ameresw, Inc., the Russell2DOO Index <br />and the NASDAQ Clean Edge Green Energy Index <br />$706 <br />uce <br />$S00 <br />$400 <br />$300 <br />SRO <br />$100 <br />-en <br />12118 <br />12119 12120 12121 12122 12r23 <br />B Ameresco, Inc. ---a--- Russell 2000 — e- — NASDAQ Clean Edge Green Energy <br />'S100 invas led on 12131MO in stock or index. including reinvestment of dividends. <br />Fiscal year ending December 31. <br />12/31 /2018 12/31/2019 12/30/2020 12/30/2021 12/30/2022 12/31/2023 <br />Ameresco, Inc. $100.00 $124.11 $370.50 $577.59 $405.25 $224.61 <br />Russell 2000 Index $100.00 $125.52 $150.58 $172.90 $137.56 $160.85 <br />NASDAQ Clean Edge Green Energy Index $100.00 $142.67 $406.35 $395.62 $276.35 $248.97 <br />Shareholder returns over the indicated period should not be considered indicative of future shareholder returns. <br />Issuer Purchases of Equity Securities <br />We did not repurchase any shares of our common stock under our stock repurchase program authorized by the Board of Directors on April 27, 2016 (the "Repurchase <br />Program") during the year ended December 31, 2023. As of December 31, 2023, there were shares having a dollar value of approximately $5.9 million that may yet be <br />purchased under the Repurchase Program. <br />27 <br />