Altus PowerAMPS
AMPS
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
28% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.38% less ownership
Funds ownership: 50.07% [Q2] → 49.69% (-0.38%) [Q3]
3% less call options, than puts
Call options by funds: $146K | Put options by funds: $150K
7% less funds holding
Funds holding: 118 [Q2] → 110 (-8) [Q3]
19% less capital invested
Capital invested by funds: $314M [Q2] → $253M (-$61M) [Q3]
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$4.50
27%
upside
Avg. target
$5
41%
upside
High target
$5.50
55%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Citigroup Ryan Levine 67% 1-year accuracy 4 / 6 met price target | 55%upside $5.50 | Buy Maintained | 22 Oct 2024 |
Roth MKM Justin Clare 44% 1-year accuracy 12 / 27 met price target | 27%upside $4.50 | Buy Reiterated | 16 Oct 2024 |
Financial journalist opinion
Based on 6 articles about AMPS published over the past 30 days
Neutral
PRNewsWire
1 day ago
Emeren Group Sells 2.8 MW Maine Solar Project to Altus Power
NORWALK, Conn. , Dec. 20, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the sale of its 2.8 MWdc solar project located in Maine to Altus Power, Inc. ("Altus Power") (NYSE: AMPS), the largest commercial scale provider of clean electric power.
Neutral
Business Wire
2 days ago
Altus Power Announces Completion of Solar Rooftop Array in Illinois
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the completion of a new 760kW solar system in Cherry Valley, Illinois, in conjunction with a real estate development partner. The benefits of the clean electric power generated by the array will be delivered under a long-term contract to the tenant, helping to decarbonize its operations at the site, as well as supporting the Illinois Shines program. “This pr.
Positive
Green Stock News
4 days ago
Green Stock News for December 17, 2024: $JOBY $CHPT $NVX $AMPS
Welcome to the Green Stock News brief for Tuesday, December 17th. Here are today's top headlines: Joby Aviation (NYSE: JOBY) has completed FAA-certified static load testing of its aircraft's tail structure, marking a significant milestone in its type certification process.
Neutral
Business Wire
4 days ago
Altus Power and CBRE Partner on 10.5 MW Project at the Arsenal Trade Center in New Jersey
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 10.5-megawatt solar project on three modern logistics buildings in New Jersey totaling more than 1.1 million sq. ft., developed by Trammell Crow Company (TCC) and CBRE Investment Management (CBRE IM). Upon completion, the benefits of the clean electric power generated from the solar array will be made available to CBRE IM tenants.
Neutral
Business Wire
2 weeks ago
Altus Power Strengthens its Presence in Maine with Operationalization of Three New Community Solar Projects
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the acquisition of three operational projects in Maine, adding a total of 12.8 MWs to its growing presence in the Pine Tree State. Purchased from multiple developers, the late-stage development projects are part of the company's strategic focus on acquiring operational assets that provide immediate benefits to local communities. “Our ability to acquire and d.
Neutral
Business Wire
2 weeks ago
Altus Power to Attend Key Industry Conferences
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Gregg Felton, CEO will be participating in various industry conferences in early December, including a fireside chat at the Jefferies Renewables & Clean Energy Conference (Dec. 4) and a panel discussion at the Bank of America Clean Energy Symposium (Dec. 5), both in New York. “As energy demand continues to surge, the strain on our generation and tra.
Neutral
Business Wire
1 month ago
Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy
STAMFORD, Conn. & ROCKVILLE, Md.--(BUSINESS WIRE)--Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, elect.
Neutral
Seeking Alpha
1 month ago
Altus Power, Inc. (AMPS) Q3 2024 Earnings Call Transcript
Altus Power, Inc. (NYSE:AMPS ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Alison Sternberg - Head of Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Conference Call Participants Justin Clare - ROTH Capital Partners Jeffrey Campbell - Seaport Research Partners Tim Moore - Clear Street Andrew Percoco - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Altus Power, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Positive
Zacks Investment Research
1 month ago
Altus Power, Inc. (AMPS) Q3 Earnings and Revenues Surpass Estimates
Altus Power, Inc. (AMPS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.03 per share a year ago.
Neutral
Business Wire
1 month ago
Altus Power, Inc. Announces Third Quarter 2024 Financial Results
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power,” “we,” “us,” “our” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for the third quarter of 2024. “Our third quarter performance reflects our market-leading position in the rapidly growing commercial scale solar sector as we surpassed 1 GW in operating assets nationwide,” said Gregg Felton, CEO of Altus Power. “Our focus is on generating clean.
Charts implemented using Lightweight Charts™