Altus Power

Altus Power, Inc. operates as a clean electrification company. Its offers solar generation, energy storage and EV-charging services. The company was founded on September 4, 2013 and is headquartered in Greenwich, CT.

Earnings data Q4 2021

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Altus Power reports record revenue, eyes growth in Community Solar

Altus Power's strong financial performance in 2022 and optimistic 2023 guidance reflect its focus on growth and profitability.
While facing debt challenges, the company's strategic approach to capital utilization and market positioning presents opportunities for expansion.
The emphasis on Community Solar initiatives and customer relationships aligns with Altus Power's commitment to sustainable growth and community impact.

Altus Power reports robust Q1 earnings, eyes growth in Community Solar

Altus Power's strong financial performance, focus on Community Solar projects, and strategic partnerships position it well for growth and profitability.
While facing challenges related to adder alignment and supply chain management, the company is optimistic about upcoming opportunities in the domestic module market.
By emphasizing project completion targets and growth strategies, Altus Power demonstrates a proactive approach to driving success in the renewable energy sector.

Altus Power excels in Q2, poised for renewable energy growth

Altus Power's strong financial performance, strategic growth initiatives, and market leadership position it well for continued success in the renewable energy sector. The company's focus on expanding its solar portfolio, leveraging acquisitions, and navigating market challenges demonstrates resilience and adaptability.
While facing potential challenges in a competitive landscape and operational complexities, Altus Power has opportunities to capitalize on market trends, innovation, and sustainable energy solutions. By staying agile and proactive, the company can further solidify its position as a key player in the renewable energy industry.

Altus Power reports robust Q3 earnings, eyes growth opportunities

Altus Power's Q3 performance was strong, meeting financial targets and showcasing resilience despite weather impacts, with plans for significant growth ahead.
Strategic acquisitions, like the 121-megawatt portfolio, and the introduction of Altus IQ, offer competitive advantages and opportunities for monetization and market expansion.
While challenges like weather sensitivity persist, Altus Power's diversified portfolio and growth initiatives position them well to capitalize on opportunities in Community Solar and software services.

Altus Power projects strong 2024 growth amidst challenges and opportunities

Altus Power projects 2024 revenue of $200-222 million and adjusted EBITDA of $115-135 million. They are expanding workforce, investing in technical operations, and diversifying the portfolio across 25 states to mitigate variability factors.

Altus Power excels in Q3 2024, reaffirms guidance amidst market inquiries

Altus Power's Q3 2024 earnings call highlights robust financial performance, market leadership in solar, and strategic initiatives to drive long-term growth. Analyst inquiries focus on project completion, revenue guidance factors, and potential impacts of external factors on the business.

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Altus Power, Inc. is a clean electrification company, which engages in the development, ownership, construction, and operation of roof, ground, and carport-based photovoltaic solar energy generation and storage systems. The company was founded on September 4, 2013 and is headquartered in Greenwich, CT.

STAMFORD, Conn.--( BUSINESS WIRE )--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced it has closed on a revolving credit facility (the “Credit Facility”) which provides the Company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging. The Credit Facility carries a term of 5 years with a maturity of December 19, 2027.

Altus Power, Inc. Announces Execution of Revolving Credit Facility of up to $200 Million

STAMFORD, Conn.--( BUSINESS WIRE )--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS) today announced it has launched its digital platform for Community Solar and it is now available on the Apple App Store and on its website. Altus Power's Community Solar program matches individuals and communities with solar projects built locally. These programs offer customers a discount on their monthly energy bills and adds clean power to their community by displacing more carbon-intensive utility power. Customers can complete the signup process in under a minute on the new app. It's like a dating app for the planet that saves you money.

Altus Power Unveils New App to Connect Residential Customers to Local Clean Energy

STAMFORD, Conn.--( BUSINESS WIRE )--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has closed on the acquisition of approximately 88 megawatts (MW) of operating solar assets. These assets were purchased from D. E. Shaw Renewable Investments (DESRI), under definitive agreements that were previously announced on September 27, 2022.

Altus Power, Inc. Announces Closing of 88 MW of Assets

Altus Power, Inc. (NYSE:AMPS ) Q3 2022 Earnings Conference Call November 14, 2022 8:30 AM ET Company Participants Chris Shelton - Head-Investor Relations Lars Norell - Co-Founder and Co-Chief Executive Officer Dustin Weber - Chief Financial Officer Gregg Feltonco - Co-Founder and Co-Chief Executive Officer Conference Call Participants Justin Clare - ROTH Capital Partners Chris Souther - B. Riley Mark Strouse - JP Morgan James West - Evercore ISI Operator Good morning and welcome to the Altus Power Third Quarter 2022 Conference Call.

Altus Power, Inc. (AMPS) Q3 2022 Results - Earnings Call Transcript

The clean power company disappointed investors.

Why Altus Power Stock Is Tumbling Today

STAMFORD, Conn.--( BUSINESS WIRE )--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a premier commercial-scale clean electrification company, today announced its financial results for the third quarter of 2022.

Altus Power, Inc. Announces Third Quarter 2022 Financial Results

The world has an evolving demand for electricity. AMPS offerings have a strong value proposition for users.

Altus Power: Driving Clean Energy Transition Across The U.S.

Altus Power, Inc. Announces Date for Release of Third Quarter 2022 Financial Results and Conference Call

Altus Power, Inc. Announces the Results of the Completed Redemption of all Outstanding Public and Private Warrants

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”) (Nasdaq: AMPS), announced that as of October 10, 2022, approximately 10,839,987 public and private placement warrants (the “Redeemable Warrants”) have been exercised. As previously announced on September 15, 2022, the Company provided notice to the holders of the Redeemable Warrants that their warrants will be redeemed in accordance with the terms of the Warrant Agreement dated as of December 10, 2

Altus Power, Inc. Reminds Investors of the Redemption of Public and Private Placement Warrants

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ALPS Clean Energy ETF (ACES) topped the list of the best-performing U.S. equity ETFs in Q3, gaining about 11%. The rally was driven by the Inflation Reduction Act, which focuses on making the climate greener.

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Altus Power Inc (NYSE: AMPS) shares are trading lower by 18.55% to $11.59 Thursday morning after the company priced a 7 million share secondary underwritten public offering of Class A common stock at $11.50 per share. What Else?

Why Altus Power Shares Are Diving - Altus Power (NYSE:AMPS)

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the pricing of a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone (“Blackstone”). The offering consists of 7,000,000 shares being sold by Blackstone at a public offering price of $11.50 per share, which represents $80.5 million of Class A

Altus Power, Inc. Announces Pricing of Secondary Underwritten Public Offering of Class A Common Stock

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that a selling stockholder affiliated with Blackstone (“Blackstone”) intends to offer and sell 7,000,000 shares of Altus Power's Class A common stock in a secondary underwritten public offering. In connection with the offering, Blackstone is expected to grant the underwriters a 30-day option to purchase up t

Altus Power, Inc. Announces Secondary Underwritten Public Offering of Class a Common Stock

100% technical buy signals. 7 new highs and up 24.78% in the last month.

Altus Power - All-Time High

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced definitive agreements to acquire approximately 97 megawatts (MW) of operating solar assets for approximately $220 million funded by a combination of cash on hand and assumed liabilities. The largest of these portfolios includes 88 MW of generating assets and the acquisition is subject to cer

Altus Power, Inc. Announces Definitive Agreements to Acquire Approximately 97 Megawatts of Operating Solar Assets

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STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it will redeem all of its remaining public and private placement warrants (the “Warrants”) to purchase shares of Altus Power's Class A common stock (the “Class A Common Stock”) that are governed by the Warrant Agreement, dated as of December 10, 2020 (the “Warrant Agreement”), by and am

Altus Power, Inc. Announces Redemption of Public and Private Placement Warrants

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that Greg Roer has joined as a Managing Director of Altus Power's Origination Team. Roer joins Altus Power after 15 years at Goldman Sachs where he co-founded the Goldman Sachs Renewable Power Group. His leadership was instrumental in growing that platform to over 2 GW of solar and storage p

Altus Power, Inc. Announces the Addition of Greg Roer to its Origination Team

The consensus price target hints at a 26.4% upside potential for Altus Power, Inc. (AMPS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Altus Power, Inc. (AMPS) Have the Potential to Rally 26% as Wall Street Analysts Expect?

Does Altus Power, Inc. (AMPS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Altus Power, Inc. (AMPS) is a Great Momentum Stock to Buy

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today issued a statement in support of the Inflation Reduction Act, recently signed into law by President Biden. Altus expects to utilize many of the provisions included in the new law. In addition, Altus Power believes the law provides significant indirect benefits to its business by incentivizing investme

Altus Power, Inc. Applauds Signing of Inflation Reduction Act

Altus Power, Inc. (NYSE:AMPS ) Q2 2022 Earnings Conference Call August 15, 2022 8:30 AM ET Company Participants Chris Shelton – Head-Investor Relations Lars Norell – Co-Founder and Co-Chief Executive Officer Dan Alcombright – Chief Platform Officer Dustin Weber – Chief Financial Officer Gregg Feltonco – Co-Founder and Co-Chief Executive Officer Conference Call Participants Justin Clare – ROTH Capital Partners Chris Souther – B. Riley Stephen Byrd – Morgan Stanley Ryan Levine – Citi Operator Good morning and welcome to the Altus Power Second Quarter 2022 Conference Call.

Altus Power, Inc. (AMPS) Management on Q2 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--CBRE Investment Management announced today a sustainability initiative that is intended to scale the development of solar projects within its direct logistics portfolio, which now spans 17 countries worldwide and encompasses more than 600 assets, 200 million sq. ft. and $30.2 billion AUM. As part of this initiative, CBRE Investment Management is working closely with Altus Power, Inc. (NYSE: AMPS), a premier commercial-scale clean electrification company, in the U.S. a

CBRE Investment Management Announces Enhanced Focus on Solar, Battery Storage as Part of Sustainability Initiative in Growing Logistics Portfolio

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a premier commercial-scale clean electrification company, today announced its financial results for the second quarter of 2022. “During second quarter we entered into a large number of commitments to supply clean energy with new customers stemming from our early collaboration with CBRE and continued collaboration with Blackstone and our channel partners," said Lars Norell, Co-CEO of Altus Power. "

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