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ALTUS POWER (NYSE: AMPS) STOCK QUOTE

Last Trade: US$6.89 0.08 1.17
Volume: 743,821
5-Day Change: 8.16%
YTD Change: 0.88%
Market Cap: US$1.100B

LATEST NEWS FROM ALTUS POWER

STAMFORD, Conn. / Feb 07, 2024 / 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... Read More
Clean electric power generated from solar arrays across the Northeast to benefit Community Solar subscribers, school districts and municipalities STAMFORD, Conn. / Jan 31, 2024 / 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... Read More
STAMFORD, Conn. / Jan 10, 2024 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton, Lars Norell, and other members of the Altus Power team will present at various industry conferences and investor meetings, including the Consumer Electronics Show (Jan. 11), the Carbon Risk Real Estate Monitor (CRREM) and United Nations... Read More
First Corporate Term Loan Offers Additional Flexibility to Fund Future Growth Plans STAMFORD, Conn. / Jan 02, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of secured credit facility having a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management (“Goldman Sachs”) and CPPIB Credit Investments... Read More
Expands its presence in the Southeast STAMFORD, Conn. / Dec 21, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its acquisition of Project Hyperion, LLC, comprising of 121 megawatts in solar assets, primarily located in North and South Carolina. Hyperion was acquired from funds advised by Basalt Infrastructure Partners LLC... Read More
STAMFORD, Conn. / Dec 20, 2023 / Business Wire / Continuing its growth momentum and further cementing its presence on the West Coast, Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the strategic acquisition of the core business of Unico Solar Investors (“Unico Solar”). Altus will acquire Unico Solar’s development platform, pipeline and senior leadership team as well... Read More
STAMFORD, Conn. / Nov 28, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton and Lars Norell, and other members of the Altus Power team, will participate in various industry conferences and investor meetings over the next several weeks across multiple cities, including the Morgan Stanley Energy & Clean Tech Symposium (Dec.... Read More
Industry first platform empowers informed decisions about reducing carbon emissions STAMFORD, Conn. / Nov 14, 2023 / Business Wire / Ushering in a new era of responsible corporate stewardship, Altus Power (NYSE: AMPS) today announced its AI-powered SaaS solution for businesses, Altus IQ ™, designed to give comprehensive energy usage insights to clients as they strive to achieve ambitious net-zero goals. The all-in-one... Read More
Construction Facility Provided by Insurance Companies to fund Altus Power Assets During Construction STAMFORD, Conn. / Nov 13, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its Blackstone Construction Facility. The facility is designed for the construction of commercial solar assets and includes capacity of $200 million to... Read More
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Third Quarter Financial Highlights Third quarter 2023 revenues of $45.1 million, an increase of 48% over third quarter 2022 GAAP net income of $6.8 million for third quarter 2023, an increase of $103 million over third quarter 2022 Adjusted EBITDA* of $29.1 million for third quarter 2023, an increase of 50% over third quarter... Read More
Efforts Focused on Industrial Real Estate Assets in Southern California DALLAS / Nov 08, 2023 / Business Wire / Transwestern Investment Group (TIG ® ) and Altus Power , the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate... Read More
STAMFORD, Conn. / Nov 01, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors. Ms. Reich will serve as a member of both the Audit Committee and the Nominating and Corporate Governance Committee. “Altus Power is already supplying hundreds of large enterprises and thousands of residential... Read More
Clean electric power to benefit local residents through New Jersey’s Community Solar program STAMFORD, Conn. / Oct 19, 2023 / Business Wire / Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced the completion of 19 solar arrays... Read More
STAMFORD, Conn. / Oct 10, 2023 / 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 third quarter of 2023 before the opening of the New York Stock Exchange on Monday, November 13, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call... Read More
STAMFORD, Conn. / Sep 28, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced it has been awarded program allocation for an additional 18 MWs of new rooftop Community Solar arrays that are expected to provide the benefits of clean energy at a discount to residential and commercial customers in the state of Illinois. The planned arrays will be built... Read More
Morgan Stanley to anchor new 2.7 megawatt array which will offer discounted electric power to local community STAMFORD, Conn. / Sep 14, 2023 / Business Wire / Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced a new solar project... Read More
STAMFORD, Conn. / Sep 08, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the addition of 3 MW in solar arrays to its operating portfolio currently serving the Greater Boston area. The assets were introduced by a Massachusetts developer and add to the company’s 117 MW in Massachusetts as of June 30, 2023. “We’re pleased to continue the expansion... Read More
Second Quarter Financial Highlights Second quarter 2023 revenues of $46.5 million GAAP net income of $3.4 million for second quarter 2023 Adjusted EBITDA* of $30.6 million for second quarter 2023 Adjusted EBITDA margin* of 66% for second quarter 2023 Recent Business Highlights Executed exclusive agreement with High Street Logistics to deploy solar across its portfolio of 144 logistics facilities During August, completed... Read More
STAMFORD, Conn. / Jul 31, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading independent owner and operator of commercial-scale solar solutions, today released its 2022 Sustainability Report , “Making Power, Making Progress,” highlighting the company’s progress and commitment to sustainability in the areas of Environmental, Social and Governance (ESG). “Altus Power was founded with the goal of addressing the urgent... Read More
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15 Megawatt-Hour Battery Added to Altus Power Portfolio STAMFORD, Conn. / Jul 25, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading independent owner of commercial-scale solar solutions, today announced the addition of a new combined 10 megawatt solar plus 15 megawatt-hour battery storage system located in... Read More
HP Inc. and Keysight Technologies join Altus Power’s roster of corporate customers STAMFORD, Conn. / Jul 19, 2023 / Business Wire / Altus Power (NYSE: AMPS), a leading independent developer, owner and operator of commercial-scale solar facilities, today announced that it has acquired approximately 4.4 megawatts (MW) of operating solar assets in Southern California from funds managed by affiliates of Apollo (NYSE: APO). The... Read More
STAMFORD, Conn. / Jul 17, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the second quarter of 2023 before the opening of the New York Stock Exchange on Monday, August 14, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Lars Norell, Co-Chief... Read More
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Program offering the benefits of discounted clean, electric power opens for renters and homeowners STAMFORD, Conn. / Jul 13, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading end-to-end provider of clean, distributed electric power, today announced that New Jersey residents are able to sign up for Altus Power... Read More
STAMFORD, Conn. / Jul 05, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today announced completion of the development and construction of a 4.8 megawatt (MW) ground-mounted solar array in Cayuga County, New York. The asset will be owned and operated by Altus Power and will generate clean electric power in support of New... Read More
Will deliver Oahu residents access to clean and discounted electric power STAMFORD, Conn. / Jun 22, 2023 / Business Wire / Altus Power (NYSE: AMPS) today announced Hawaii’s largest Community Solar project to date that will soon deliver clean electric power at a discount to a local medical facility, its employees, and residents of Oahu. Consumers who subscribe to Altus Power’s Community Solar Partnership Program will generate... Read More
STAMFORD, Conn. / Jun 20, 2023 / 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 secured an incremental $47 million in capital from Blackstone. This incremental debt will provide long-term fixed rate financing for 35 megawatts of operating assets in Altus Power’s portfolio.... Read More
High Street to Decarbonize its National Real Estate Portfolio Under Exclusive Agreement with Altus Power STAMFORD, Conn. & WOBURN, Mass. / Jun 15, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, and High Street Logistics Properties,LLC (“High Street”), today announced an exclusive strategic... Read More
1.5 Megawatt Asset to Serve Local Non-Profit Corporation STAMFORD, Conn. / May 18, 2023 / 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 completion of the development and construction of a 1.5 megawatt (MW) car canopy solar array in Mount Laurel, New Jersey. Altus Power will provide... Read More
First Quarter Financial Highlights First Quarter 2023 revenues of $29.4 million, a 53% increase as compared to first quarter 2022 GAAP net income of $3.8 million for first quarter 2023, a decrease as compared to $60.1 million for first quarter 2022, primarily as a result of changes in non-cash remeasurement of alignment shares Adjusted EBITDA* of $16.0 million for first quarter 2023, or a 83% increase as compared with first... Read More
1.4 Megawatt Asset To Serve Altus Power Community Solar Customers Company Footprint Grows To 25 States Across the U.S. STAMFORD, Conn. / May 04, 2023 / 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 entered Maine as its twenty-fifth market in the United States with the... Read More
Newly Constructed Asset Will Serve Altus Power Community Solar Customers STAMFORD, Conn. / Apr 27, 2023 / 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 increased its presence in the State of Maryland with the completion of development and construction of a 2.5 megawatt... Read More
STAMFORD, Conn. / Apr 26, 2023 / Business Wire / Altus Power, Inc . (NYSE: AMPS) today announced that it will report financial results for the first quarter of 2023 before the opening of the New York Stock Exchange on Monday, May 15, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive... Read More
STAMFORD, Conn. / Apr 24, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, announced it has been added to the iShares Global Clean Energy ETF (NYSE: ICLN), effective today. The iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the... Read More
STAMFORD, Conn. / Apr 21, 2023 / 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, together with one of its construction partners, it has completed development and construction of a four-megawatt ground-mounted solar system located on Hartford Avenue in Providence County, Rhode... Read More
STAMFORD, Conn. / Apr 14, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced that the Company will participate in the J.P. Morgan Alternative Energy Spotlight Series on Monday, April 17, 2023 at 2:00pm ET. The event is open to the clients of J.P. Morgan Equity Research and interested investors should... Read More
Full Year 2022 Financial Highlights Full year 2022 revenues of $101.2 million, a 41% increase as compared to full year 2021 GAAP net income of $52.2 million for full year 2022, an increase as compared to $13.0 million for full year 2021 Adjusted EBITDA* of $58.6 million for full year 2022, or a 43% increase as compared with full year 2021 Adjusted EBITDA margin* of 58% for full year 2022, compared to 57% for full year 2021... Read More
Altus Power, Inc . (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today updated stakeholders that it has no exposure to Silicon Valley Bank, Signature Bank or First Republic Bank or their affiliates. Altus Power holds its cash and equivalents, and marketable securities at other institutions and the Company is not party to any... Read More
Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the full year of 2022 before the opening of the New York Stock Exchange on Thursday, March 30, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financial Officer.... Read More
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 closed on the acquisition of approximately 220 megawatts (MW) of solar assets, including 207 MW of operating assets and 13 MW of assets under construction. These assets were purchased from True Green Capital Fund III, L.P. under definitive... Read More
Altus Power, Inc. (“Altus Power”) (NYSE: AMPS) today announced, in partnership with Blackstone (NYSE: BX) and CBRE (NYSE: CBRE), Altus Power has advanced its Community Solar Partnership Program for large enterprises by offering each company’s employees the opportunity to subscribe to the benefits of clean electricity from solar arrays owned and operated by Altus Power. Employees who subscribe to Altus Power’s Community Solar... Read More
Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the appointment of Sophia Lee as its Chief Sustainability Officer, in addition to her current role as the Company’s Chief Legal Officer. “Sophia’s dedication to formalizing our firm-wide commitment to sustainability practices and her determination to... Read More
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 Diane Brink has joined its Board of Directors. Ms. Brink will additionally chair the Compensation Committee and serve as a member of the Audit Committee. “Diane’s proven track record leading marketing and customer experience complements the skill set... Read More
New agreement refinances and upsizes assumed DESRI facility up to $141.3 million at an effective fixed rate of 4.885% for five years Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, announced that on December 23, 2022, it refinanced and upsized the term loan facility assumed with the recently executed D.E. Shaw... Read More
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Altus Power’s portfolio of solar and storage assets expected to grow to approximately 690 megawatts across 24 states Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), a premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it entered a definitive agreement... Read More
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... Read More
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... Read More
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,... Read More
Third Quarter 2022 Financial Highlights Revenues of $30.4 million during third quarter 2022, an increase of 51% over third quarter 2021 GAAP net loss of $96.6 million, as compared to third quarter 2021 net loss of $1.3 million driven by a $102.0 million non-cash loss from fair value remeasurement of both warrants and alignment shares Adjusted EBITDA* of $19.4 million, an increase of 66% over third quarter 2021 Adjusted... Read More
Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the third quarter of 2022 before the opening of the New York Stock Exchange on Monday, November 14, 2022. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin Weber, Chief Financial... Read More
Altus Power, Inc . (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the results of the completed redemption of all of its outstanding public warrants (the "Public Warrants") and private warrants (the “Private Warrants” and together with the Public Warrants, the “Warrants”) to purchase shares of the Company's Class A... Read More
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... Read More
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... Read More
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... Read More
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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... Read More
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... Read More
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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... Read More
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... Read More
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... Read More

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