Altus Power, Inc. Announces Date for Release of Second Quarter 2024 Financial Results and Conference Call

Altus Power, Inc. (NYSE:AMPS) ("Altus Power") today announced that, at a special meeting of the stockholders held earlier today, Altus Power's stockholders voted to adopt the previously announced definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy (the "Merger Agreement"), and to approve the transactions contemplated thereby. As previously announced, subject to the terms and conditions of the Merger Agreement, Altus Power stockholders will receive $5.00 in cash, without interest and minus any applicable withholding taxes, for each share of Altus Power Class A common stock owned immediately prior to the effective time of

Altus Power (NYSE:AMPS), the leading commercial-scale provider of clean electric power, today announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a leading distributed solar energy development firm. In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operational, the projects will participate in the Maryland Community Solar program, providing the benefits of clean electric power to approximately 8,000 customers, including an allocation specifically for low-to-moderate income households.

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

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)

4 - Altus Power, Inc. (0001828723) (Issuer)

4 - Altus Power, Inc. (0001828723) (Issuer)

4 - Altus Power, Inc. (0001828723) (Issuer)

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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

Altus Power (NYSE:AMPS), the leading commercial-scale provider of clean electric power, today announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a leading distributed solar energy development firm. In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operational, the projects will participate in the Maryland Community Solar program, providing the benefits of clean electric power to approximately 8,000 customers, including an allocation specifically for low-to-moderate income households.

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

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