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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Genesis Energy

Northern Oil and Gas

The oil market has been on a roller coaster ride in the past few years, with prices fluctuating wildly due to various factors like pent-up travel demand post-COVID and geopolitical tensions between Western nations and Russia. Brent crude prices are now sitting around $78/bbl, well below where it was in mid-September 2023, above $90/bbl.

3 Energy Stocks to Sell in January Before They Crash and Burn

STAMFORD, Conn.--(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 Environment Programme Finance Initiative (UNEP FI) webinar series (Jan. 16), and the 26th Annual.

Altus Power to Participate at Upcoming Consumer Electronics Show, the CRREM – UN Environment Programme Finance Initiative Webinar Series and the Needham Growth Conference

STAMFORD, Conn.--(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 III Inc., a subsidiary of Canada Pension Plan Investment Board (“CPP Investments”). Altus Power plans to use proceeds from the facility to support its ongoing expansion. T.

Altus Power Announces Financing from Goldman Sachs and CPP Investments

Bunge Global SA

Fluence Energy

Host Hotels & Resorts

Microsoft

NextEra Energy

Ormat Technologies

The surge in interest in ESG stocks among millennials and Generation Z is effectively reshaping the investment landscape. Firms ignoring ESG principles risk major backlash as ethical considerations become imperative in business.

Green Giants: 7 ESG Stocks Leading the Way in Sustainable Investing

Altus Power has acquired Unico Solar to expand its presence on the West Coast and boost its pipeline and capabilities. The renewable energy industry, especially solar power, is experiencing strong growth in the US. Altus Power's financials show significant growth in operating revenue and net income, and the company expects continued growth in adjusted EBITDA for FY2023.

Altus Power: Unico Solar Acquisition Should Accelerate Growth

STAMFORD, Conn.--(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 and Soltage, LLC, a leading owner and developer of distributed solar and storage assets. The transaction expands Altus' presen.

Altus Power Announces Closing of 121 Megawatts in Solar Assets from Basalt and Soltage

STAMFORD, Conn.--(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 as new offices in Denver and Seattle. “In a market where others are scaling back and re.

Altus Power Expands West Coast Presence with Acquisition of Unico Solar

ARMONK, N.Y.--(BUSINESS WIRE)--Brightcore Energy announces new community solar project with Altus Power and Brennan Investment Group in New Jersey.

Brightcore Energy Announces New Community Solar Project with Altus Power and Brennan Investment Group

STAMFORD, Conn.--(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. 6), the Raymond James TMT and Consumer Conference (Dec. 4-6) and Janney's Clean In.

Altus Power Kicks Off December Investor Engagement

Enphase Energy

First Solar

When anyone hears the phrase “renewable energy,” the immediate thought tends to be solar. As our world continues to embrace renewable energy sources more and more, solar and wind energy have risen to become the most iconic figureheads.

Unlocking Incredible Solar Energy Potential: 3 Stocks to Invest in Now

STAMFORD, Conn.--(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 cloud-based dashboard uses proprietary formulas and industry standard data sources to give businesses a detailed understanding of their energy usage and empower them with action.

Altus Power Unveils Altus IQ™: Delivering AI-Powered Insights Designed to Help Businesses Meet and Measure Sustainability Goals

Altus Power's revenue and earnings missed estimates for the third quarter. The company reiterated its full-year adjusted EBITDA guidance, however, despite sustained solar industry headwinds.

Why Altus Power Stock Dropped Today

Altus Power, Inc. (NYSE:AMPS ) Q3 2023 Earnings Conference Call November 13, 2023 8:30 AM ET Company Participants Chris Shelton - Head, IR Gregg Felton - Co-Founder and Co-CEO Julia Sears - Chief Digital Officer Dustin Weber - CFO Lars Norell - Co-Founder and Co-CEO Conference Call Participants Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM James West - Evercore ISI Chris Souther - B. Riley Securities Operator Ladies and gentlemen, good morning, and welcome to the Altus Power Third Quarter 2023 Earnings Conference Call.

Altus Power, Inc. (AMPS) Q3 2023 Earnings Call Transcript

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

Altus Power, Inc. (AMPS) Misses Q3 Earnings and Revenue Estimates

STAMFORD, Conn.--(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 fund costs including equipment, labor, interconnection as well as development fees. “In an environment where bank lending and conventional construction facilities are extremely limited, A.

Altus Power Announces New Construction Facility

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its financial results for the third quarter of 2023. “Despite challenging market conditions that are affecting large portions of our industry, Altus Power continues to deliver record growth in our adjusted EBITDA and operating cash flows, as demonstrated by our third quarter results,” said Gregg Felton, Co-CEO of Altus Power. “We have a unique opportun.

Altus Power, Inc. Announces Third Quarter 2023 Financial Results

DALLAS--(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 properties, furthering Transwestern's commitment to its stated ESG objectives. Through this partnership, which aligns with TIG's pledge to foster sustainable investing, th.

Transwestern Partners With Altus Power to Explore Decarbonization Opportunities

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) Reports Next Week: What to Know Ahead of the Release

STAMFORD, Conn.--(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 customers with the benefits of clean electric power. As we grow, we will continue to develo.

Altus Power, Inc. Announces Appointment of Tina Chan Reich to Board of Directors

STAMFORD, Conn.--(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 across New Jersey utilizing rooftops from Brennan Investment Group's portfolio of logistics buildings. In total, the assets will represent 7.4 megawatts (MWs) of solar arrays which wil.

Altus Power and Brightcore Energy Announce Completion of Multiple Solar Projects Across New Jersey

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 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 will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin.

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

Investors need to pay close attention to Altus Power (AMPS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Altus Power (AMPS) Stock?

STAMFORD, Conn.--(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 on rooftops across several portfolios of real estate throughout the state, including as.

Altus Power Announces New Awards in the Illinois Community Solar Program

Maxeon Solar Technologies

SunPower

The solar market in 2023 is facing a tough challenge from the relatively lower oil and natural gas prices that have made fossil fuels more attractive for power generation. The global demand for solar energy has slowed down, and many solar companies are struggling to maintain their profitability and growth.

Beware! 3 Solar Stocks Waving Massive Red Flags Right Now.

Despite a recent stock decline, the analysis maintains a Buy rating for AMPS due to its favorable positioning to meet its H2 2023 guidance. AMPS reported robust 2Q23 pro forma EBITDA and revenue figures, instilling confidence in their ability to reach 2023 targets. AMPS' potential for expansion in the community solar sector through strategic partnerships and its optimistic medium-term outlook for asset development in 2024 contribute to its growth prospects.

News for Altus Power Stock (AMPS)