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.

Morgan Stanley

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 a new solar project with Morgan Stanley (NYSE: MS) that will be installed on Morgan Stanley's parking structure at its campus in Purchase, NY. “Morgan Stanley is a leader in the global financial markets, and we're exci.

Altus Power and Brightcore Energy Announce New Carport Solar Arrays at Morgan Stanley's Westchester Campus

STAMFORD, Conn.--(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 of our Massachusetts solar portfolio, delivering the benefits of clean electric power.

Altus Power Adds 3 MW of Solar Assets in the Greater Boston Area

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Altus Power, Inc. (NYSE:AMPS ) Q2 2023 Earnings Conference Call August 14, 2023 8:30 PM ET Company Participants Chris Shelton - Head, IR Gregg Felton - Co-Founder and Co-CEO Dustin Weber - CFO Lars Norell - Co-Founder and Co-CEO Conference Call Participants Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM Chris Souther - B. Riley Securities Vikram Bagri - Citi Operator Good morning, and welcome to Altus Power Second Quarter 2023 Conference Call.

Altus Power, Inc. (AMPS) Q2 2023 Earnings Call Transcript

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power,” “we,” “us,” “our,” or the “Company”), the leading commercial-scale provider of clean electric power, today announced its financial results for the second quarter of 2023. “The second quarter was the best in company history in terms of revenue and adjusted EBITDA and thanks to our increasing construction output and our continued success in acquiring assets, we are now the largest owner of commercial solar arrays in.

Altus Power, Inc. Announces Second Quarter 2023 Financial Results

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STAMFORD, Conn.--(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 need to transform the way we generate and consume power. Our solar arrays produce clea.

Making Power, Making Progress: Altus Power Releases Second Annual Sustainability Report

Shares of solar energy and storage concern Altus Power, Inc. are down 35% from their post-SPAC merger valuation as multiples compressed for high growth no-profit companies. That said, the company is profitable on both a GAAP EPS and Adj. EBITDA basis, with the latter metric forecasted by management to reach $100 million in FY23. With its two largest shareholders providing Altus Power, Inc. with a substantial real estate pipeline to tap, the recent buying by one of those shareholders merited a deeper dive.

Altus Power: Assessing An Alt-Energy Play

STAMFORD, Conn.--(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 Holliston, Massachusetts. The benefits of the electricity generated will be delivered under long-term agreements with a regional supermarket as well as local Community Solar customers under the Massachusetts DOER SMART Program. “Battery storage is an.

Altus Power Announces New Solar & Energy Storage Asset in Massachusetts

Apollo Global Management

STAMFORD, Conn.--(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 portfolio includes rooftop, carport and ground-mounted solar arrays which will deliver power under long-term contracts to HP Inc., Keysight Technologies and a local munic.

Altus Power Announces Acquisition of 4.4 MW Portfolio in Southern California

STAMFORD, Conn.--(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 Executive Officer and Dustin Weber, Chief Financial Officer. The prepared remarks will be foll.

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

STAMFORD, Conn.--(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 Community Solar. The program is part of the New Jersey Community Solar Energy Pilot Program and gives subscribers access to the benefits of clean, electric power with a 20% savings off their monthly utility bills. Slots are available to both renters and homeowners who are looking for opport.

Altus Power Community Solar Now Available to New Jersey Residents

STAMFORD, Conn.--(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 York's community solar program, serving both municipal and residential customers. “Altus P.

Altus Power, Inc. Announces Completion of 5 Megawatt Solar Array in New York

STAMFORD, Conn.--(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 savings on their monthly utility bills while also supporting Hawaii's transition to clean electric power, with a projected savings of up to $500 annually, comp.

Altus Power Announces Hawaii's First Large-Scale Community Solar Array

STAMFORD, Conn.--(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. The use of proceeds includes payoff of the $15.8 million outstanding under the Company.

Altus Power, Inc. Secures Capital to Finance Additional 35 Megawatts of Operating Assets

STAMFORD, Conn. & WOBURN, Mass.--(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 partnership to develop and construct clean electrification solutions at High Street's industrial owned real estate properties nationwide. Altus Power and High Street plan to deploy solar across.

High Street Logistics and Altus Power Announce Strategic Partnership

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STAMFORD, Conn.--(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 clean energy to a non-profit corporation that provides programs and services to individuals with mental and physical disabilities. The completio.

Altus Power, Inc. Announces Completion of New Asset in Mount Laurel, New Jersey

Altus Power, Inc. (NYSE:AMPS ) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Chris Shelton - Head of Investor Relations Gregg Felton - Co-Founder & Co-Chief Executive Officer, Altus Power Dustin Weber - Chief Financial Officer Lars Norell - Co-Founder & Co-Chief Executive Officer, Altus Conference Call Participants James West - Evercore ISI Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM Christopher Souther - B. Riley Jon Windham - UBS Operator Good morning, and welcome to Altus Power First Quarter 2023 Conference Call.

Altus Power, Inc. (AMPS) Q1 2023 Earnings Call Transcript

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for the first quarter of 2023. “We are seeing an increased construction cadence as our engineering and construction teams overcome elongated permitting and interconnection timelines; we're pleased to welcome these new assets and the customers they serve into our portfolio," commented Lars.

Altus Power, Inc. Announces First Quarter 2023 Financial Results

STAMFORD, Conn.--(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 completion of development and construction of a 1.4 megawatt (MW) ground-mounted solar array located in the state. Altus Power is looking forward to serving additional customers with discounted clean electric.

Altus Power, Inc. Announces Expansion into Maine with Completion of Newly Constructed Asset

STAMFORD, Conn.--(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 (MW) ground-mounted solar array located in Garrett County. Altus Power has served enterprises, high schools and colleges in the State of Maryland with clean elec.

Altus Power, Inc. Evidences its Growing Footprint in Maryland with the Completion of a 2.5 Megawatt Solar Array

STAMFORD, Conn.--(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 Officer and Dustin Weber, Chief Financial Officer. The prepared remarks will be followe.

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