Altus Power (AMPS)

• Market cap: $645M
• 1 day: -1.71%
• 5 days: 8.92%
• 1 month: -0.98%
• 3 months: 17.15%
• 6 months: -4.05%
• Year to date: -5.40%
• 1 year: -25.23%
• 5 years: -60.57%
• 10 years: -60.57%
• Sector: Utilities
• Industry: Electric Services

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

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

19% more call options, than puts

Call options by funds: $280K | Put options by funds: $235K

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.41% less ownership

Funds ownership: 50.12% [Q2] → 49.72% (-0.41%) [Q3]

7% less funds holding

Funds holding: 118 [Q2] → 110 (-8) [Q3]

19% less capital invested

Capital invested by funds: $314M [Q2] → $253M (-$61.2M) [Q3]

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22