Altus Power, Inc. (AMPS)

NYSE: AMPS · IEX Real-Time Price · USD
7.08
-0.09 (-1.26%)
Feb 20, 2024, 4:00 PM EST - Market closed
-1.26%
Market Cap 1.13B
Revenue (ttm) 147.73M
Net Income (ttm) 85.66M
Shares Out 158.99M
EPS (ttm) 0.53
PE Ratio 13.36
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 926,428
Open 7.01
Previous Close 7.17
Day's Range 6.83 - 7.10
52-Week Range 4.08 - 7.42
Beta 0.85
Analysts Strong Buy
Price Target 9.19 (+29.8%)
Earnings Date Mar 14, 2024

About AMPS

Altus Power, Inc., a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. The company was founded in 2013 and is headquartered in Stamford, Connecticut. [Read more]

Sector Utilities
Founded 2009
Employees 59
Stock Exchange NYSE
Ticker Symbol AMPS
Full Company Profile

Financial Performance

In 2022, Altus Power's revenue was $101.16 million, an increase of 40.90% compared to the previous year's $71.80 million. Earnings were $55.44 million, an increase of 838.66%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for AMPS stock is "Strong Buy." The 12-month stock price forecast is $9.19, which is an increase of 29.80% from the latest price.

Price Target
$9.19
(29.80% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the full year...

13 days ago - Business Wire

Altus Power Announces Acquisition of 84MW Portfolio from Vitol, Adding Thousands of Customers in New York, New Jersey, and Maine

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the signing and closing of approximately 84 MWs of commercial...

20 days ago - Business Wire

Altus Power to Participate at Upcoming Consumer Electronics Show, the CRREM – UN Environment Programme Finance Initiative Webinar Series and the Needham Growth Conference

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton, Lars Norell, and other members of ...

5 weeks ago - Business Wire

Altus Power Announces Financing from Goldman Sachs and CPP Investments

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of secured credit facility having a princip...

7 weeks ago - Business Wire

Altus Power Announces Closing of 121 Megawatts in Solar Assets from Basalt and Soltage

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its acquisition of Project Hyperion, LLC...

2 months ago - Business Wire

Altus Power Expands West Coast Presence with Acquisition of Unico Solar

STAMFORD, Conn.--(BUSINESS WIRE)--Continuing its growth momentum and further cementing its presence on the West Coast, Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric...

2 months ago - Business Wire

Brightcore Energy Announces New Community Solar Project with Altus Power and Brennan Investment Group

ARMONK, N.Y.--(BUSINESS WIRE)--Brightcore Energy announces new community solar project with Altus Power and Brennan Investment Group in New Jersey.

3 months ago - Business Wire

Altus Power Kicks Off December Investor Engagement

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton and Lars Norell, and other members ...

3 months ago - Business Wire

Altus Power Unveils Altus IQ™: Delivering AI-Powered Insights Designed to Help Businesses Meet and Measure Sustainability Goals

STAMFORD, Conn.--(BUSINESS WIRE)--Ushering in a new era of responsible corporate stewardship, Altus Power (NYSE: AMPS) today announced its AI-powered SaaS solution for businesses, Altus IQ™, designed ...

3 months ago - Business Wire

Altus Power Announces New Construction Facility

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its Blackstone Construction Facility. Th...

3 months ago - Business Wire

Altus Power, Inc. Announces Third Quarter 2023 Financial Results

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its financial results for the third quarter of 2023. “D...

3 months ago - Business Wire

Transwestern Partners With Altus Power to Explore Decarbonization Opportunities

DALLAS--(BUSINESS WIRE)--Transwestern Investment Group (TIG®) and Altus Power, the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to expl...

3 months ago - Business Wire

Altus Power, Inc. Announces Appointment of Tina Chan Reich to Board of Directors

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors. M...

3 months ago - Business Wire

Altus Power and Brightcore Energy Announce Completion of Multiple Solar Projects Across New Jersey

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 renewab...

4 months ago - Business Wire

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

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the third qua...

4 months ago - Business Wire

Altus Power Announces New Awards in the Illinois Community Solar Program

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced it has been awarded program allocation for an additional 18 M...

5 months ago - Business Wire

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

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 renewab...

Other symbols: MS
5 months ago - Business Wire

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

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 portfol...

5 months ago - Business Wire

Altus Power, Inc. Announces Second Quarter 2023 Financial Results

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 it...

6 months ago - Business Wire

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

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...

7 months ago - Business Wire

Altus Power Announces New Solar & Energy Storage Asset in Massachusetts

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 ...

7 months ago - Business Wire

Altus Power Announces Acquisition of 4.4 MW Portfolio in Southern California

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...

Other symbols: APO
7 months ago - Business Wire

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

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 ...

7 months ago - Business Wire

Altus Power Community Solar Now Available to New Jersey Residents

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 Altu...

7 months ago - Business Wire

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

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 develop...

8 months ago - Business Wire