Utilities -
Renewable Utilities - NYSE - US
$ 3.81
0.263 %
$ 610 M
Market Cap
18.14
P/E
1. INTRINSIC VALUE
Balance Sheet
Altus Power, Inc.
| Current Assets | 229 M |
| Cash & Short-Term Investments | 161 M |
| Receivables | 17.1 M |
| Other Current Assets | 50.9 M |
| Non-Current Assets | 1.86 B |
| Long-Term Investments | 13.3 M |
| PP&E | 1.79 B |
| Other Non-Current Assets | 55.4 M |
| Current Liabilities | 107 M |
| Accounts Payable | 7.34 M |
| Short-Term Debt | 46.5 M |
| Other Current Liabilities | 52.7 M |
| Non-Current Liabilities | 1.46 B |
| Long-Term Debt | 1.34 B |
| Other Non-Current Liabilities | 115 M |
EFFICIENCY
Earnings Waterfall
Altus Power, Inc.
| Revenue | 155 M |
| Cost Of Revenue | 29.6 M |
| Gross Profit | 126 M |
| Operating Expenses | 106 M |
| Operating Income | 20.9 M |
| Other Expenses | 30.2 M |
| Net Income | -9.36 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Altus Power, Inc.
| Net Income | -9.36 M |
| Depreciation & Amortization | 53.6 M |
| Capital Expenditures | -118 M |
| Stock-Based Compensation | 14.9 M |
| Change in Working Capital | 33.7 M |
| Others | 15.9 M |
| Free Cash Flow | -38.4 M |
Wall Street Analysts Price Targets
Altus Power, Inc.
Wall Street analysts predict an average 1-year price target for AMPS of $6 , with forecasts ranging from
a
low of
$4.5 to a high of $7 .
AMPS Lowest Price Target
Wall Street Target
4.5 USD
18.11%
AMPS Average Price Target
Wall Street Target
6 USD
57.48%
AMPS Highest Price Target
Wall Street Target
7 USD
83.73%
4. DIVIDEND
ANALYSIS
AMPS does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Altus Power, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
915 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
591 K USD 1
6-9 MONTHS
59.8 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
7 months ago
Jun 07, 2024
|
Bought
136 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT
|
+ 34139
|
3.99 USD |
|
7 months ago
Jun 04, 2024
|
Bought
99.8 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT
|
+ 25000
|
3.99 USD |
|
7 months ago
Jun 03, 2024
|
Bought
33.4 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT
|
+ 8285
|
4.03 USD |
|
7 months ago
May 31, 2024
|
Bought
322 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT
|
+ 82576
|
3.9 USD |
|
9 months ago
Mar 28, 2024
|
Bought
59.8 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 12500
|
4.78 USD |
|
10 months ago
Mar 01, 2024
|
Sell 275 K
USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT
|
- 40000
|
6.863 USD |
|
11 months ago
Feb 16, 2024
|
Sell 31.1 K
USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER
|
- 4350
|
7.15 USD |
|
11 months ago
Feb 16, 2024
|
Sell 32.9 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 4598
|
7.15 USD |
|
11 months ago
Feb 14, 2024
|
Sell 122 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 17425
|
7.0225 USD |
|
11 months ago
Feb 14, 2024
|
Sell 121 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 17300
|
7.0229 USD |
|
11 months ago
Feb 15, 2024
|
Sell 55 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 7700
|
7.1367 USD |
|
11 months ago
Feb 15, 2024
|
Sell 54.1 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 7575
|
7.1368 USD |
|
11 months ago
Feb 01, 2024
|
Sell 223 K
USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT
|
- 40000
|
5.584 USD |
|
1 year ago
Jan 02, 2024
|
Sell 272 K
USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT
|
- 40000
|
6.808 USD |
|
1 year ago
Dec 28, 2023
|
Sell 148 K
USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER
|
- 21000
|
7.0312 USD |
|
1 year ago
Dec 14, 2023
|
Sell 319 K
USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER
|
- 50000
|
6.3791 USD |
|
1 year ago
Dec 01, 2023
|
Sell 206 K
USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT
|
- 40000
|
5.15 USD |
|
1 year ago
Aug 23, 2023
|
Sell 156 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
6.2237 USD |
|
1 year ago
Aug 24, 2023
|
Sell 151 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
6.0207 USD |
|
1 year ago
Aug 25, 2023
|
Sell 153 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
6.1187 USD |
|
1 year ago
Jun 14, 2023
|
Sell 1.23 M
USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER
|
- 225000
|
5.4596 USD |
|
1 year ago
Jun 14, 2023
|
Bought
246 K USD
|
GSO Altus Holdings LP
10 percent owner
|
+ 45000
|
5.4706 USD |
|
1 year ago
Jun 12, 2023
|
Sell 135 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
5.4 USD |
|
1 year ago
Jun 13, 2023
|
Sell 140 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
5.6178 USD |
|
1 year ago
Jun 14, 2023
|
Sell 134 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 25000
|
5.363 USD |
|
1 year ago
Jun 12, 2023
|
Bought
225 K USD
|
CONCANNON WILLIAM F
Director
|
+ 41600
|
5.4123 USD |
|
1 year ago
Jun 09, 2023
|
Bought
104 K USD
|
CONCANNON WILLIAM F
Director
|
+ 18400
|
5.6639 USD |
|
1 year ago
Jun 08, 2023
|
Bought
299 K USD
|
GSO Altus Holdings LP
10 percent owner
|
+ 57000
|
5.2509 USD |
|
1 year ago
Jun 07, 2023
|
Bought
1.24 M USD
|
GSO Altus Holdings LP
10 percent owner
|
+ 224000
|
5.5262 USD |
|
1 year ago
Jun 06, 2023
|
Bought
77.5 K USD
|
GSO Altus Holdings LP
10 percent owner
|
+ 15000
|
5.1699 USD |
|
1 year ago
May 31, 2023
|
Bought
101 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 22500
|
4.4947 USD |
|
1 year ago
May 22, 2023
|
Bought
110 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 25000
|
4.4121 USD |
|
1 year ago
May 19, 2023
|
Bought
222 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 50000
|
4.4347 USD |
|
1 year ago
May 22, 2023
|
Bought
110 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 25000
|
4.4121 USD |
|
1 year ago
May 19, 2023
|
Bought
222 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT
|
+ 50000
|
4.4347 USD |
|
1 year ago
Feb 16, 2023
|
Sell 33.1 K
USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER
|
- 4470
|
7.4 USD |
|
1 year ago
Feb 16, 2023
|
Sell 35 K
USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER
|
- 4725
|
7.4 USD |
|
2 years ago
Oct 03, 2022
|
Sell 11.6 M
USD
|
SCHWARZMAN STEPHEN A
Director
|
- 1050000
|
11.01 USD |
|
2 years ago
Oct 03, 2022
|
Sell 77.1 M
USD
|
SCHWARZMAN STEPHEN A
Director
|
- 7000000
|
11.01 USD |
|
2 years ago
Oct 03, 2022
|
Sell 77.1 M
USD
|
SCHWARZMAN STEPHEN A
Director
|
- 7000000
|
11.01 USD |
|
4 years ago
Dec 15, 2020
|
Bought
106 K USD
|
SULENTIC ROBERT E
Director
|
+ 10000
|
10.58 USD |
|
4 years ago
Dec 15, 2020
|
Bought
106 K USD
|
SULENTIC ROBERT E
Director
|
+ 10000
|
10.58 USD |
|
4 years ago
Dec 15, 2020
|
Bought
27.5 K USD
|
SULENTIC ROBERT E
Director
|
+ 2500
|
11 USD |
|
4 years ago
Dec 15, 2020
|
Bought
27.5 K USD
|
SULENTIC ROBERT E
Director
|
+ 2500
|
11 USD |
7. News
Exclusive: TPG in talks to acquire solar firm Altus Power, sources say
Buyout firm TPG's climate investment arm is in talks to acquire Altus Power , a provider of solar power to commercial property owners and residential homes, people familiar with the matter told Reuters on Monday.
reuters.com
- 3 weeks 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.
prnewswire.com
- 1 month 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.
businesswire.com
- 1 month 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.
businesswire.com
- 1 month 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.
businesswire.com
- 1 month 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.
businesswire.com
- 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.
businesswire.com
- 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.
seekingalpha.com
- 2 months 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.
zacks.com
- 2 months 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.
businesswire.com
- 2 months ago
Stock Picks From Seeking Alpha's October 2024 New Analysts
In October, 42 new analysts joined Seeking Alpha, sharing diverse investment ideas and strategies, from biotech to real estate. Highlighted strong buy recommendations include MicroStrategy, CorMedix, Hewlett Packard Enterprise, Vertex Pharmaceuticals, and several others. Readers are encouraged to engage with the new analysts, share thoughts on their picks, and join the conversation.
seekingalpha.com
- 2 months ago
Altus Power Operationalizes Three New Community Solar Projects in Maine
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the successful completion of three new solar projects in Maine, adding a total of 19.1 MWs to the company's expanding portfolio. By collaborating with multiple development partners, Altus Power has streamlined operations, consolidating these projects to become the sole owner producing enhanced operational efficiency within Maine. “Our process of acquiring an.
businesswire.com
- 2 months ago
8. Profile
Summary
Altus Power, Inc. AMPS
COUNTRY
US
INDUSTRY
Renewable Utilities
MARKET CAP
$ 610 M
Dividend Yield
0.00%
Description
Altus Power, Inc. operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.
Contact
2200 Atlantic Street, Stamford, CT, 06902
https://www.altuspower.com
IPO
Date
Feb. 1, 2021
Employees
93
Officers
Mr. Dustin L. Weber
Chief Financial Officer
Ms. Melissa Boulan
Chief People Officer
Mr. Gregg J. Felton II
Chief Executive Officer & Director
Mr. Steve D'Agostino
Head of Analytics
Ms. Sophia Lee J.D.
Chief Legal & Sustainability Officer
Mr. Chris Shelton
Head of Investor Relations
Mr. Abhi Parmar
Chief Investment Officer
Mr. Daniel S. Alcombright
Chief Platform Officer
Ms. Julia Sears
Chief Digital Officer
Mr. Anthony P. Savino
Chief Construction Officer