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.

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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 (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

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

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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

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

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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

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

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 first quarter of 2024. “As the largest commercial scale solar owner and operator in the US, Altus Power is well positioned to capitalize on rising retail rates, and as artificial intelligence, electric vehicles, crypto, hydrogen and more drive unprecedented power demand, we believe these risin.

Altus Power, Inc. Announces First Quarter 2024 Financial Results

Altus Power (AMPS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Altus Power, Inc. (AMPS) to Report a Decline in Earnings: What to Look Out for

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE:AMPS) (“Altus Power” or the “Company”) announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed Gregg Felton as sole Chief Executive Officer of the Company. Mr. Felton will assume all of the duties formerly performed by Mr. Norell. Christine Detrick, Chairperson of Altus Power, said, “The Board has confidence that Greg.

Altus Power Announces CEO Transition

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 first quarter of 2024 after the closing of the New York Stock Exchange on Thursday, May 9, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin Weber, Chief Fina.

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

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Altus Power is a hybrid player in the solar industry, combining characteristics of utility-scale and distributed systems. It has strong partnerships with Blackstone and CBRE, providing funding and operational support for growth.

Altus Power: Valuable Partnerships And Competitive Advantage To Outperform

Altus Power, Inc. (AMPS) Q4 2023 Earnings Call Transcript

Altus Power, Inc. (AMPS) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.03 per share a year ago.

Altus Power, Inc. (AMPS) Reports Q4 Loss, Misses Revenue Estimates

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 fourth quarter and full year 2023. “2023 was another record year for Altus on a number of fronts, with revenue, adjusted EBITDA, customer additions and asset growth all reaching new highs," said Lars Norell, co-CEO of Altus Power. "As an industry leader in a growing market, we are building a d.

Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Altus Power, Inc. (AMPS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Altus Power, Inc. (AMPS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean, electric power, today announced the appointment of Robert Bernard, CBRE's Chief Sustainability Officer, to its Board of Directors. Bernard assumes the board seat made available by the recent retirement of Bill Concannon, who led CBRE's partnership with Altus Power since 2021. “With more than two decades of experience investing in companies that drive sustainable investment and as Microsof.

Altus Power Announces Appointment of CBRE Chief Sustainability Officer, Robert Bernard, to Board of Directors

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The average of price targets set by Wall Street analysts indicates a potential upside of 39.3% in Altus Power, Inc. (AMPS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 39.25% Upside in Altus Power, Inc. (AMPS): Can the Stock Really Move This High?

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the full year of 2023 after the closing of the New York Stock Exchange on Thursday, March 14, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature prepared remarks from Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financ.

Altus Power, Inc. Announces Date for Release of Full Year 2023 Financial Results and Conference Call

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STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the signing and closing of approximately 84 MWs of commercial-scale solar arrays from Vitol, the largest independent energy trader globally, for total proceeds of approximately $118 million. The acquisition adds thousands of new long-term Community Solar, school district and other enterprise customers served by a mix of rooftop, ground and carport arrays to.

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