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

Earnings data Q1 2022

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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. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent owner and operator of commercial-scale solar facilities, today released its 2021 Sustainability Report. “Our team is proud to put our commitment to sustainability into writing and provide the first measurements of our company's Environmental, Social and Governance attributes in clear view for all of our stakeholders to see,” commented Lars Norell, Altus' Co-Chief Executive

Altus Power, Inc. Announces Inaugural Sustainability Report

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. Announces Q2 2022 Earnings Release Date

Altus Power, Inc. Announces Timing of Release of Second Quarter 2022 Financial Results and Conference Call

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent owner and operator of commercial-scale solar facilities, today announced that it has been included in the MAC Global Solar Energy Stock Index (NYSE: SUNIDX), effective as of market close on June 17, 2022. The MAC Global Solar Energy Stock Index is a passive solar energy index which includes companies from across the solar energy value chain – from energy producers utilizing

Altus Power, Inc. Announces Inclusion in MAC Global Solar Energy Stock Index

STAMFORD, Conn. , June 21, 2022 /PRNewswire/ -- Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the premier independent owner and operator of commercial-scale solar facilities, is set to join the Russell 2000® Index at the conclusion of the 2022 Russell indexes reconstitution period, which becomes final after the close of the US equity markets on Friday, June 24, 2022.

Altus Power, Inc. set to join Russell 2000® Index

Altus has no lack of demand thanks to partnerships with real estate giants. Further, current profitability is already indicating favorable pricing of services, better than other EPC peers.

Altus Power: CBRE And Blackstone Supported Solar Deployment

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a leading clean electrification company, today announced that on May 31, 2022 it signed separate, privately negotiated warrant exchange agreements with multiple holders of its public warrants to purchase shares of its Class A common stock (the “Public Warrants”), which are traded on the New York Stock Exchange under the symbol “AMPS WS.” Pursuant to the exchange agreements, the Company will issue

Altus Power, Inc. Announces Warrant Exchange Agreement

Altus Power, Inc. (NYSE:AMPS ) Q1 2022 Results Conference Call May 16, 2022 8:30 AM ET Company Participants Chris Shelton - Head of Investor Relations Lars Norell - Co-Founder and Co-CEO Gregg Felton - Co-Founder and Co-CEO Dustin Weber - Chief Financial and Operating Officer Conference Call Participants Justin Clare - ROTH Capital Partners Ryan Levine - Citi Operator Good morning and welcome to the Altus Power First Quarter 2022 Conference Call. As a reminder, today's call is being recorded and participants are in a listen-only mode.

Altus Power, Inc. (AMPS) Management on Q1 2022 Results - Earnings Call Transcript

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a leading clean electrification company, today announced its financial results for the first quarter of 2022. “We believe our first quarter results position us well to achieve our 2022 financial projections as we focus on driving growth from our over one gigawatt pipeline of opportunities," said Gregg Felton, Co-CEO of Altus Power. "We are continuing to experience a significant level of customer e

Altus Power, Inc. Announces First Quarter 2022 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), a leading clean electrification company, today announced that it will release financial results for the first quarter of 2022 before the market opens on Monday, May 16, 2022. This release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. Hosting the call will be Lars Norell and Gregg Felton, Co-Chief Executive Officers of Altus Power, and Dustin Weber, Chief Financial Office

Altus Power, Inc. Announces Timing of Release of First Quarter 2022 Financial Results and Conference Call

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a leading clean electrification company, today announced that 201,250 of its Alignment Shares automatically converted into 2,011 shares of Class A Common Stock. The shares will begin trading on the New York Stock Exchange (“NYSE”) on April 11, 2022. The conversion occurred automatically and without any action on the part of the shareholders pursuant to Altus Power's Third Amended and Restated Cert

Altus Power, Inc. Announces Automatic Conversion of 201,250 of Its Alignment Shares Into 2,011 Shares of Class a Common Stock

DALLAS & STAMFORD, Conn.--(BUSINESS WIRE)--Trammell Crow Company (TCC), the nation's largest commercial real estate developer, and Altus Power, Inc. (NYSE: AMPS), a leading clean electrification company, today announced a strategic partnership to bring Altus Power's clean electrification solutions to TCC's real estate development projects. Under the terms of this multi-year strategic partnership, TCC will engage Altus Power to bring solar power generation, battery storage and electric-vehicle c

Trammell Crow Company and Altus Power Form Strategic Partnership to Bring Clean Electrification Solutions to Real Estate Development Projects

Altus Power, Inc. (AMPS) Q4 2021 Results - Earnings Call Transcript

NEW YORK & STAMFORD, Conn.--(BUSINESS WIRE)--CBRE Investment Management (“CBRE IM”), a leading real assets investment management firm, and Altus Power, Inc. (NYSE: AMPS) (“Altus Power”), a leading clean electrification company, today announced plans to build and operate a portfolio of rooftop community solar projects to provide renewable energy to residential customers and CBRE IM logistics tenants in Maryland. These projects are expected to produce savings for approximately 5,700 residential c

CBRE Investment Management and Altus Power to Bring Additional Community Solar Projects to Maryland

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a leading clean electrification company, today announced results for the fourth quarter and full year 2021. Revenues for the full year 2021 were $71.8 million, compared with $45.3 million for full year 2020. The Company reported 2021 GAAP net income of $13.0 million, compared to a $1.9 million net loss in 2020. Adjusted EBITDA for 2021 totaled $41.0 million, with adjusted EBITDA margin of 57%.* “I

Altus Power, Inc. Announces Full Year and Fourth Quarter 2021 Financial Results

STAMFORD, Conn., March 8, 2022 /PRNewswire/ -- Altus Power, Inc. ("Altus Power") (NYSE: AMPS), a leading clean electrification company, today announced that it will hold its 2022 Annual Shareholders Meeting as a virtual meeting on Monday, May 23, 2022 at 10:00 AM Eastern Time.

Altus Power, Inc. Announces Timing of Annual Shareholders Meeting

STAMFORD, Conn. , March 3, 2022 /PRNewswire/ -- Altus Power, Inc. ("Altus Power") (NYSE: AMPS), a leading clean electrification company, today announced that it will release financial results for the fourth quarter and full year 2021 after market close on Thursday, March 24, 2022.

Altus Power, Inc. Announces Timing of Release of Fourth Quarter and Full Year 2021 Financial Results and Conference Call

STAMFORD, Conn., Feb. 22, 2022 /PRNewswire/ -- Altus Power, Inc. ("Altus Power" or the "Company") (NYSE: AMPS) today announced the hiring of Chris Shelton to the position of Head of Investor Relations.

Altus Power, Inc., A Market-Leading Clean Electrification Company, Announces Appointment of Chris Shelton as Head of Investor Relations

Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

STAMFORD, Conn., Jan. 26, 2022 /PRNewswire/ -- Altus Power, Inc. ("Altus Power" or the "Company") (NYSE: AMPS) today announced the hiring of Dan Alcombright to the newly created position of Chief Platform Officer.

Altus Power, Inc., A Market-Leading Clean Electrification Company, Announces Appointment of Dan Alcombright as Chief Platform Officer and the Creation of Executive Operations Committee

STAMFORD, Conn., Dec. 10, 2021 /PRNewswire/ -- In celebration of its initial public listing, Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), a market-leading clean electrification company, rang the Opening Bell to commence the day's trading on the New York Stock Exchange (NYSE).

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