Altus Power
AMPS

$4.29

1.66%

Market Cap: 686M

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 6,702 funds

0

Analysts bullish %

of 9 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

760% more call options, than puts

Call options by funds: $2.01M | Put options by funds: $234K

2.18% more ownership

Funds ownership: 46.89% [Q4 2023] → 49.07% (+2.18%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

11% less funds holding

Funds holding: 132 [Q4 2023] → 118 (-14) [Q1 2024]

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

27% less capital invested

Capital invested by funds: $509M [Q4 2023] → $373M (-$136M) [Q1 2024]

50% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 28

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$5

17%

upside

Avg. target

$7.17

67%

upside

High target

$10

133%

upside

9 analyst ratings

9 positive

100%

0 neutral

0%

0 negative

0%

Seaport Global Jeff Campbell	52%upside $6.5	Buy Initiated	3 Jun 2024
Roth MKM Justin Clare	17%upside $5	Buy Maintained	16 May 2024
B. Riley Securities Christopher Souther	40%upside $6	Buy Maintained	15 May 2024
Evercore ISI Group James West	63%upside $7	Outperform Maintained	15 May 2024
Roth MKM Justin Clare	63%upside $7	Buy Reiterated	30 Apr 2024

See Analyst Rankings

Financial journalist opinion

Altus Power, Inc. Announces Date for Release of Second Quarter 2024 Financial Results and Conference Call

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the second quarter of 2024 after the closing of the New York Stock Exchange on Thursday, August 8th. Following the release, Altus CEO Gregg Felton and CFO Dustin Weber will host a conference call at 4:30pm ET to review results and provide a brief business update. Interested investors and other parties can liste.

Altus Power, Inc. Announces Date for Release of Second Quarter 2024 Financial Results and Conference Call

Altus Power Acquires 8.5 MW Project in New Jersey

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the acquisition of an 8.5 MW solar array in New Jersey. The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits (SRECs), and increases the size of the company's New Jersey portfolio to 185.5 MW in aggregate. “New Jersey is a national leader in renewa.

Altus Power Acquires 8.5 MW Project in New Jersey

STARTUP VETERAN AND STRUCTURED FINANCE PIONEER LARS NORELL JOINS EDLY AS EXECUTIVE CHAIRMAN

Former Altus Power Co-CEO Adds to the Leadership of Rapidly-Growing Student Finance Firm NEW YORK , June 18, 2024 /PRNewswire/ -- Edly, Inc. – a leading fintech platform that allows investors to participate in funding solutions for students and college athletes – today announced the appointment of Lars Norell as Executive Chairman. In this capacity, Norell, the founder and former co-CEO of Altus Power (NYSE: AMPS), will provide added leadership to Edly as it continues to rapidly expand its innovative funding solutions to capital providers, students, athletes and schools.

STARTUP VETERAN AND STRUCTURED FINANCE PIONEER LARS NORELL JOINS EDLY AS EXECUTIVE CHAIRMAN

3 Millionaire-Maker Penny Stocks Set to Surge by 1,000%: June Edition

By now, you know the dangers of “millionaire-maker penny stocks.” Whenever we even mention a penny stock, we add a disclaimer at the end of articles.

3 Millionaire-Maker Penny Stocks Set to Surge by 1,000%: June Edition

Altus Power: Remain Positive On The Strong Value Proposition

While the share price has fallen, I reiterate my buy rating. AMPS benefits from the current macroenvironment and growing demand for electricity. Strategic partnerships with Blackstone and CBRE position AMPS for future growth through acquisitions.

Altus Power: Remain Positive On The Strong Value Proposition

Altus Power to Attend Key Investor Conferences

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced its CEO, Gregg Felton, and CFO, Dustin Weber, will attend various industry conferences and investor meetings over the next several weeks. Felton and Weber will participate in fireside chats at the 3rd Annual Evercore ISI Global Clean Energy & Transition Technologies Summit (June 12) and the JP Morgan 2024 Energy, Power & Renewables Conference (.

Altus Power to Attend Key Investor Conferences

3 Sorry Solar Stocks to Sell Now While You Still Can: Summer Edition

Despite potential signs of recovery in the solar space, the current economic headwinds loom over its near-term future. Hence, the discussion about solar stocks to sell still remains relevant.

3 Sorry Solar Stocks to Sell Now While You Still Can: Summer Edition

Stock Market Crash Warning: Don't Get Caught Holding These 3 Solar Stocks

Solar energy companies often create solar panel products so both individual consumers and businesses can harness the sun's energy. With all the government support solar energy firms have enjoyed over the past decade, nothing could have prepared them for current volatile non-renewable energy prices and elevated interest rates.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Solar Stocks

Altus Power, Inc. (AMPS) Q1 2024 Earnings Call Transcript

Altus Power, Inc. (NYSE:AMPS ) Q1 2024 Results Conference Call May 9, 2024 4:30 AM ET Company Participants Chris Shelton - Head of Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Alison Sternberg - Head of Investor Relations Conference Call Participants Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM Chris Souther - B. Riley Tate Sullivan - Maxim Group Operator Good afternoon, and welcome to the Altus Power First Quarter 2024 Conference Call.

Altus Power, Inc. (AMPS) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Altus Power, Inc. (AMPS) Reports Q1 Loss, Tops Revenue Estimates

Altus Power, Inc. (AMPS) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.05 per share a year ago.

Altus Power, Inc. (AMPS) Reports Q1 Loss, Tops Revenue Estimates

See News Rankings