Altus Power downgraded by B. Riley Securities with a new price target
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B. Riley Securities downgraded Altus Power from Buy to Neutral and set a new price target of $5.00 from $6.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2025 | $5.00 | Buy → Neutral | UBS |
| 2/7/2025 | $6.00 → $5.00 | Buy → Neutral | B. Riley Securities |
| 2/6/2025 | Underweight → Neutral | Analyst | |
| 12/12/2024 | Neutral → Underweight | Analyst | |
| 8/21/2024 | $8.00 → $4.00 | Overweight → Equal-Weight | Morgan Stanley |
| 6/3/2024 | $6.50 | Buy | Seaport Research Partners |
| 5/15/2024 | Overweight → Neutral | JP Morgan | |
| 4/10/2024 | $7.00 | Buy | Maxim Group |
DEFA14A - Altus Power, Inc. (0001828723) (Filer)
10-K - Altus Power, Inc. (0001828723) (Filer)
8-K - Altus Power, Inc. (0001828723) (Filer)
UBS downgraded Altus Power from Buy to Neutral and set a new price target of $5.00
B. Riley Securities downgraded Altus Power from Buy to Neutral and set a new price target of $5.00 from $6.00 previously
Analyst upgraded Altus Power from Underweight to Neutral
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
Full Year 2024 Financial Highlights Full year 2024 revenues of $196.3 million, a 26% increase compared to full year 2023 GAAP net loss of $10.7 million for full year 2024, compared to net loss of $26.0 million for full year 2023 Adjusted EBITDA* of $111.6 million for full year 2024, a 20% increase compared to full year 2023 Adjusted EBITDA margin* of 57% for full year 2024, compared to 60% for full year 2023 Business Highlights Surpassed 1 GW in operating assets Completed ~56 MW of new-build assets and added ~96 MW of assets in operation Successfully structured an innovative tax equity transaction and partnership model Year ending cash balance of $123 million On February
Altus Power, Inc. (NYSE:AMPS) ("Altus Power"), the largest owner of commercial-scale solar in the US, today announced it will report financial results for the fourth quarter and full year of 2024 after the closing of the New York Stock Exchange on Monday, March 17, 2025. As previously announced on February 6, 2025, Altus Power and TPG entered into a definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy. Due to the pending transaction, Altus Power will not host a conference call or webcast to review its fourth quarter and full year 2024 results or provide a financial outlook. About Altus Power Altus Power, based in St
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 develop solar assets from a variety of partners allows us to scale quickly and efficiently, ensuring that the economic and environmental benefits of solar power reach more enterprises and households," said Matt Marlow, co-Head of Inve
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the appointment of Richard Shapiro to its Board of Directors, effective February 3, 2025. Shapiro will also serve on the Board's Audit Committee. Shapiro has nearly three decades of investment management experience. Since 2021, Shapiro has served as the Founder and Chief Investment Officer of Ridge Run Partners, LLC, a family office firm. Previously, Shapiro served as Portfolio Manager at Millennium Management, a multi-billion dollar hedge fund, where he was focused on equity investments and was a Partner at Wexford Capi
Altus Power (NYSE:AMPS), the largest commercial-scale provider of clean electric power, announced today that Richard A. Shapiro has joined its Board of Directors. Shapiro will serve as chair of the Compensation Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801889693/en/Richard Shapiro (Photo: Business Wire) "Altus Power's position as the largest player in the commercial solar space, together with our expertise and platform capability allow us to deliver the benefits of locally-generated clean electric power, providing our customers with greater access and energy security. As we scale our portfolio of solar assets,
The Board of Directors has Accepted the Resignation of Lars Norell as co-CEO and Appointed Gregg Felton as sole Chief Executive Officer Altus Power, Inc. (NYSE:AMPS) ("Altus Power" or the "Company") announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed Gregg Felton as sole Chief Executive Officer of the Company. Mr. Felton will assume all of the duties formerly performed by Mr. Norell. Christine Detrick, Chairperson of Altus Power, said, "The Board has confidence that Gregg will move Altus Power forward with positive momentum and drive long-term shareholder value c
SC 13G - Altus Power, Inc. (0001828723) (Subject)
SC 13G/A - Altus Power, Inc. (0001828723) (Subject)
SC 13G/A - Altus Power, Inc. (0001828723) (Subject)
Full Year 2024 Financial Highlights Full year 2024 revenues of $196.3 million, a 26% increase compared to full year 2023 GAAP net loss of $10.7 million for full year 2024, compared to net loss of $26.0 million for full year 2023 Adjusted EBITDA* of $111.6 million for full year 2024, a 20% increase compared to full year 2023 Adjusted EBITDA margin* of 57% for full year 2024, compared to 60% for full year 2023 Business Highlights Surpassed 1 GW in operating assets Completed ~56 MW of new-build assets and added ~96 MW of assets in operation Successfully structured an innovative tax equity transaction and partnership model Year ending cash balance of $123 million On February
Altus Power, Inc. (NYSE:AMPS) ("Altus Power") today announced that it has scheduled a special meeting of its stockholders to consider and vote on the adoption of Altus Power's agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy. The special meeting will be held virtually via live webcast on April 9, 2025 at 8:00 a.m. EDT. Stockholders of record of Altus Power as of the close of business on March 11, 2025, the record date for the special meeting, will be entitled to notice of and vote at the special meeting. Altus Power today filed a definitive proxy statement with the SEC, which will be sent to stockholders. The definitive proxy statement contain
Clean electric power generated will benefit Blue Sport Stable sports facility Altus Power (NYSE:AMPS), the largest commercial-scale provider of clean electric power, today announced the operationalization of a 1.4 MW rooftop solar project at the Blue Sport Stable sports facility in Superior, Colo., providing the majority of the facility's annual energy needs required to power its ice rinks, pickleball, basketball and other courts, turf and health and wellness facility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250304111224/en/Altus Power solar array on the Blue Sport Stable sports facility (Photo: Business Wire) "Altus is