Altus Power
AMPS

$3.33

0.6%

Market Cap: $533M

About: Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serve commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Their primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.

Employees: 93

Utilities Electric Services

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

2,649% more call options, than puts

Call options by funds: $3.85M | Put options by funds: $140K

30% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 33

0% more funds holding

Funds holding: 118 [Q1] → 118 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 25

1.25% less ownership

Funds ownership: 49.95% [Q1] → 48.7% (-1.25%) [Q2]

20% less capital invested

Capital invested by funds: $380M [Q1] → $305M (-$74.5M) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$4

20%

upside

Avg. target

$4.50

35%

upside

High target

$5

50%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Morgan Stanley Stephen Byrd 55% 1-year accuracy 34 / 62 met price target	20%upside $4	Equal-Weight Downgraded	21 Aug 2024
Maxim Group Tate Sullivan 42% 1-year accuracy 5 / 12 met price target	35%upside $4.50	Buy Maintained	12 Aug 2024
UBS Jon Windham 32% 1-year accuracy 6 / 19 met price target	50%upside $5	Buy Maintained	9 Aug 2024
Roth MKM Justin Clare 36% 1-year accuracy 10 / 28 met price target	35%upside $4.50	Buy Maintained	9 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about AMPS published over the past 30 days

Renewable Energy, Responsible Practices: Altus Power Releases Third Annual Sustainability Report

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power in the US, today released its 2023 Sustainability Report "Renewable Energy, Responsible Practices," highlighting the company's progress over the past year in its Environmental, Social and Governance initiatives. “As a clean power company, Altus Power is dedicated to leading the transition to a low-carbon economy and expanding access to clean energy for enterprises and househ.

Renewable Energy, Responsible Practices: Altus Power Releases Third Annual Sustainability Report

Altus Power Announces the Addition of Two Solar Projects in Colorado

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. The clean electric power generated by the ground-mounted systems will benefit local municipalities, including the City of Pueblo, Pueblo Community College and the Pueblo County School District, through the Altus Power Community Solar program, part of the Black Hills Energy Co.

Altus Power Announces the Addition of Two Solar Projects in Colorado

Light Up New York in a New York Minute! Sign Up for Altus Power Community Solar Today

STAMFORD, Conn.--(BUSINESS WIRE)--In the city that never sleeps, every New York minute counts. And now, in just a minute, you can make a lasting impact on your energy bill and the environment. Say hello to Altus Power Community Solar, the no-strings-attached way to power your community with the benefits of clean, renewable energy. Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, is offering slots to both renters and homeowners who are looking for opportun.

Light Up New York in a New York Minute! Sign Up for Altus Power Community Solar Today

CORRECTING and REPLACING Altus Power Completes Two New Community Solar Projects in Maine

STAMFORD, Conn.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: ALTUS POWER COMPLETES TWO NEW COMMUNITY SOLAR PROJECTS IN MAINE Clean electric power to benefit local residents Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the completion of two solar projects in Maine, totaling 12.6 MWs, increasing the size of the company's portfolio in the Pine Tree.

CORRECTING and REPLACING Altus Power Completes Two New Community Solar Projects in Maine

Zacks Investment Research

Altus Power (AMPS) Upgraded to Strong Buy: Here's What You Should Know

Altus Power (AMPS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Altus Power (AMPS) Upgraded to Strong Buy: Here's What You Should Know

Zacks Investment Research

Down -33.63% in 4 Weeks, Here's Why Altus Power (AMPS) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for Altus Power (AMPS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -33.63% in 4 Weeks, Here's Why Altus Power (AMPS) Looks Ripe for a Turnaround

Zacks Investment Research

Altus Power, Inc. (AMPS) Tops Q2 Earnings Estimates

Altus Power, Inc. (AMPS) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.04 per share a year ago.

Altus Power, Inc. (AMPS) Tops Q2 Earnings Estimates

Altus Power, Inc. (AMPS) Q2 2024 Earnings Call Transcript

Altus Power, Inc. (NYSE:AMPS ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 AM ET Company Participants Alison Sternberg - Head, Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Conference Call Participants James West - Evercore ISI Justin Clare - ROTH Capital Partners Vikram Bagri - Citigroup Jeffrey Campbell - Seaport Research Partners Operator Good afternoon. And welcome to the Altus Power Second Quarter 2024 Conference Call.

Altus Power, Inc. (AMPS) Q2 2024 Earnings Call Transcript

Altus Power, Inc. Announces Second Quarter 2024 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for the second quarter of 2024. “Altus Power has assembled a portfolio of highly attractive assets that will generate long-term value for our investors. In Q2 2024, we continued to prudently scale our portfolio and capitalize on long-term growth opportunities,” said Gregg Felton, CEO of Altus Powe.

Altus Power, Inc. Announces Second Quarter 2024 Financial Results

Altus Power Announces Appointment of Investment Management Executive, Richard A. Shapiro, to the Board of Directors

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, announced today that Richard A. Shapiro has joined its Board of Directors. Shapiro will serve as chair of the Compensation Committee. “Altus Power's position as the largest player in the commercial solar space, together with our expertise and platform capability allow us to deliver the benefits of locally-generated clean electric power, providing our customers with greater.

Altus Power Announces Appointment of Investment Management Executive, Richard A. Shapiro, to the Board of Directors

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