Altus Power, Inc. (AMPS)
| Market Cap | 1.09B |
| Revenue (ttm) | 147.73M |
| Net Income (ttm) | 85.66M |
| Shares Out | 158.99M |
| EPS (ttm) | 0.53 |
| PE Ratio | 12.89 |
| Forward PE | 107.14 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 761,017 |
| Open | 6.96 |
| Previous Close | 6.99 |
| Day's Range | 6.80 - 7.00 |
| 52-Week Range | 4.08 - 8.58 |
| Beta | 0.72 |
| Analysts | Strong Buy |
| Price Target | 9.31 (+36.31%) |
| Earnings Date | Nov 13, 2023 |
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]
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 StatementsAnalyst Forecast
According to 8 analysts, the average rating for AMPS stock is "Strong Buy." The 12-month stock price forecast is $9.31, which is an increase of 36.31% from the latest price.
News
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...
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...
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.
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...
Altus Power Announces Hawaii's First Large-Scale Community Solar Array
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS) today announced Hawaii's largest Community Solar project to date that will soon deliver clean electric power at a discount to a local medical...
Altus Power, Inc. Secures Capital to Finance Additional 35 Megawatts of Operating Assets
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today ann...
High Street Logistics and Altus Power Announce Strategic Partnership
STAMFORD, Conn. & WOBURN, Mass.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar faci...
Altus Power, Inc. Announces Completion of New Asset in Mount Laurel, New Jersey
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today an...