Utilities - Renewable Utilities - NYSE - US
$ 3.85
-6.1 %
$ 616 M
Market Cap
29.62
P/E
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.[ Read More ]
The intrinsic value of one AMPS stock under the base case scenario is HIDDEN Compared to the current market price of 3.85 USD, Altus Power, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart AMPS
FINANCIALS
155 M
REVENUE
20.9 M
OPERATING INCOME
-9.36 M
NET INCOME
79.4 M
OPERATING CASH FLOW
-587 M
INVESTING CASH FLOW
527 M
FINANCING CASH FLOW
58.7 M
REVENUE
15.3 M
OPERATING INCOME
885 K
NET INCOME
21.4 M
OPERATING CASH FLOW
-99.5 M
INVESTING CASH FLOW
97.1 M
FINANCING CASH FLOW
Balance Sheet Decomposition
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 | 530 K |
| PP&E | 1.79 B |
| Other Non-Current Assets | 68.2 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 | 86.9 M |
| Gross Profit | 68.3 M |
| Operating Expenses | 47.4 M |
| Operating Income | 20.9 M |
| Other Expenses | 30.2 M |
| Net Income | -9.36 M |
RATIOS
44.02%
GROSS MARGIN
13.45%
OPERATING MARGIN
-6.03%
NET MARGIN
-2.09%
ROE
-0.45%
ROA
1.23%
ROIC
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
16.88%
AMPS Average Price Target
Wall Street Target
6 USD
55.84%
AMPS Highest Price Target
Wall Street Target
7 USD
81.82%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.13 USD
DIVIDEND PER SHARE
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
691 K USD 3
9-12 MONTHS
1.17 M USD 2
Bought
0 USD 0
0-3 MONTHS
591 K USD 1
3-6 MONTHS
59.8 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 months ago
Jun 07, 2024
|
Bought 136 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT |
+ 34139
|
3.99 USD |
|
5 months ago
Jun 04, 2024
|
Bought 99.8 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT |
+ 25000
|
3.99 USD |
|
5 months ago
Jun 03, 2024
|
Bought 33.4 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT |
+ 8285
|
4.03 USD |
|
5 months ago
May 31, 2024
|
Bought 322 K USD
|
Felton Gregg J
CO-FOUNDER, CEO & PRESIDENT |
+ 82576
|
3.9 USD |
|
7 months ago
Mar 28, 2024
|
Bought 59.8 K USD
|
Felton Gregg J
CO-FOUNDER CO-CEO CO-PRESIDENT |
+ 12500
|
4.78 USD |
|
8 months ago
Mar 01, 2024
|
Sell 275 K USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT |
- 40000
|
6.863 USD |
|
9 months ago
Feb 16, 2024
|
Sell 31.1 K USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER |
- 4350
|
7.15 USD |
|
9 months ago
Feb 16, 2024
|
Sell 32.9 K USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER |
- 4598
|
7.15 USD |
|
9 months ago
Feb 14, 2024
|
Sell 122 K USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER |
- 17425
|
7.0225 USD |
|
9 months ago
Feb 14, 2024
|
Sell 121 K USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER |
- 17300
|
7.0229 USD |
|
9 months ago
Feb 15, 2024
|
Sell 55 K USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER |
- 7700
|
7.1367 USD |
|
9 months ago
Feb 15, 2024
|
Sell 54.1 K USD
|
Savino Anthony
COFOUNDER,CHIEF CONST. OFFICER |
- 7575
|
7.1368 USD |
|
9 months ago
Feb 01, 2024
|
Sell 223 K USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT |
- 40000
|
5.584 USD |
|
10 months ago
Jan 02, 2024
|
Sell 272 K USD
|
NORELL LARS
CO-FOUNDER CO-CEO CO-PRESIDENT |
- 40000
|
6.808 USD |
|
10 months ago
Dec 28, 2023
|
Sell 148 K USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER |
- 21000
|
7.0312 USD |
|
11 months ago
Dec 14, 2023
|
Sell 319 K USD
|
Weber Dustin
CHIEF FINANCIAL OFFICER |
- 50000
|
6.3791 USD |
|
11 months 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 |
|
3 years ago
Dec 15, 2020
|
Bought 106 K USD
|
SULENTIC ROBERT E
Director |
+ 10000
|
10.58 USD |
|
3 years ago
Dec 15, 2020
|
Bought 106 K USD
|
SULENTIC ROBERT E
Director |
+ 10000
|
10.58 USD |
|
3 years ago
Dec 15, 2020
|
Bought 27.5 K USD
|
SULENTIC ROBERT E
Director |
+ 2500
|
11 USD |
|
3 years ago
Dec 15, 2020
|
Bought 27.5 K USD
|
SULENTIC ROBERT E
Director |
+ 2500
|
11 USD |
7. News
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
- 4 days 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
- 4 days 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
- 4 days 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
- 1 week 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 weeks ago
Altus Power Names Skylar Werde as Head of Community Solar
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Skylar Werde has joined the company as Head of Community Solar. Werde, an executive with deep experience building and managing teams, will oversee the entire Altus Power Community Solar business, both B2B and B2C, including team management, strategy, revenue, customer acquisition, marketing and customer support. “Community Solar is one of the most rapid.
businesswire.com
- 2 weeks ago
Altus Power (AMPS) Upgraded to Buy: Here's Why
Altus Power (AMPS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com
- 3 weeks ago
Altus Power Announces Ongoing Review of Strategic Alternatives
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that a formal review of strategic alternatives has been underway by its Board of Directors. The goal of the comprehensive review is to assess and determine the strategic alternatives that will unlock shareholder value and optimize access to capital for the company. “Our goal is to ensure that Altus Power is structured for long-term success in a growth indust.
businesswire.com
- 1 month ago
Altus Power: A Bright Future Amid Looming Debt Challenges
Altus Power represents an attractive investment opportunity due to expected revenue and EBITDA growth, strong partnerships with CBRE and Blackstone, and rising US electricity demand. Despite a 52.5% YTD market value loss, Altus Power's strategic positioning in commercial-scale solar offers higher ROI compared to utility-scale and residential-scale segments. Key risks include high debt levels, interest rate pressures, and dependency on CBRE and Blackstone, but these are already factored into the current price.
seekingalpha.com
- 1 month ago
Commercial Scale Market Leader, Altus Power, Tops 1GW in Operating Assets
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that its nationwide portfolio of assets in operation topped one gigawatt. The market leader in commercial solar now operates more than 500 projects across 25 states and has expanded its Community Solar program to nine states, with more than 25,000 subscribers. “From our first operating asset in Bridgeport, Connecticut, to our most recent in Pueblo, Colorado,.
businesswire.com
- 1 month ago
Altus Power Announces New Solar Project in San Bernardino, California
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 1.6 megawatt solar project at the San Manuel Landing, a 1.1 million square foot Class-A logistics center located in San Bernardino, Calif. Altus originated the project in conjunction with its partner, Trammell Crow Company, which developed the San Manuel Landing with the San Manuel Band of Mission Indians (SMBMI). Under a long-ter.
businesswire.com
- 1 month ago
Renewable Energy, Responsible Practices: Altus Power Releases Third Annual Sustainability Report
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power in the US, today released its 2023 Sustainability Report "Renewable Energy, Responsible Practices," highlighting the company's progress over the past year in its Environmental, Social and Governance initiatives. “As a clean power company, Altus Power is dedicated to leading the transition to a low-carbon economy and expanding access to clean energy for enterprises and househ.
businesswire.com
- 2 months ago
8. Profile Summary
Altus Power, Inc. AMPS
COUNTRY
US
INDUSTRY
Renewable Utilities
MARKET CAP
$ 616 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. Abhi Parmar
Chief Investment Officer
Ms. Melissa Boulan
Chief People Officer
Mr. Greg Roer
Managing Director
Mr. Chris Shelton
Head of Investor Relations
Mr. Gregg J. Felton II
Chief Executive Officer & Director
Mr. Steve D'Agostino
Head of Analytics
Mr. Dustin L. Weber
Chief Financial Officer
Mr. Daniel S. Alcombright
Chief Platform Officer
Ms. Julia Sears
Chief Digital Officer
Mr. Anthony P. Savino
Chief Construction Officer