Evercore ISI initiated coverage on Altus Power with a new price target
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Evercore ISI initiated coverage of Altus Power with a rating of Outperform and set a new price target of $15.00
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| Date | Price Target | Rating | 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 |
| 11/30/2023 | $10.00 | Outperform | Northland Capital |
| 4/3/2023 | $12.00 → $9.00 | Overweight | Morgan Stanley |
| 1/10/2023 | $12.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/4/2023 | $15.00 | Outperform | Evercore ISI |
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 largest commercial scale provider of clean, electric power, today announced the appointment of Robert Bernard, CBRE's Chief Sustainability Officer, to its Board of Directors. Bernard assumes the board seat made available by the recent retirement of Bill Concannon, who led CBRE's partnership with Altus Power since 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240304865757/en/Robert Bernard (Photo: Business Wire) "With more than two decades of experience investing in companies that drive sustainable investment and as Microsoft's first Chief Environmental Strategist, Rob's wealth of experience al
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
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10-Q - Altus Power, Inc. (0001828723) (Filer)
8-K - Altus Power, Inc. (0001828723) (Filer)
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031198612/en/Altus Power Community Solar project in Maine (Photo: Business Wire) "Our process of acquiring and developing solar assets from many differ
Altus Power (NYSE:AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the third quarter of 2024 after the closing of the New York Stock Exchange on Tuesday, November 12, 2024. Following the release, Altus CEO Gregg Felton and CFO Dustin Weber will host a conference call at 4:30pm ET to review results and provide a brief business update. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at Altus Power, Inc. | Events & Presentations. The conference call can be accessed live over the phone by dialing 1-80
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029886577/en/Skylar Werde, Altus Power Head of Community Solar (Photo: Business Wire) "Community Solar is one of the most rapidly growing areas of our business and
Morgan Stanley downgraded Altus Power from Overweight to Equal-Weight and set a new price target of $4.00 from $8.00 previously
Seaport Research Partners initiated coverage of Altus Power with a rating of Buy and set a new price target of $6.50
JP Morgan downgraded Altus Power from Overweight to Neutral
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4 - Altus Power, Inc. (0001828723) (Issuer)
Altus Power (NYSE:AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the third quarter of 2024 after the closing of the New York Stock Exchange on Tuesday, November 12, 2024. Following the release, Altus CEO Gregg Felton and CFO Dustin Weber will host a conference call at 4:30pm ET to review results and provide a brief business update. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at Altus Power, Inc. | Events & Presentations. The conference call can be accessed live over the phone by dialing 1-80
Second Quarter Financial Highlights Second quarter 2024 revenues of $52.5 million, a 13% increase as compared to second quarter 2023 GAAP net income of $33.1 million for second quarter 2024, as compared to $3.4 million for second quarter 2023 Adjusted EBITDA* of $31.2 million for second quarter 2024, or a 2% increase as compared with second quarter 2023 Recent Business Highlights Increased portfolio size by 42% as compared to second quarter of 2023 Generated 364 million kilowatt hours of clean electric power, the equivalent of approximately 254,000 metric tons of carbon dioxide avoided annually Number one owner of commercial-scale solar1, with a portfolio of nearly 1 gi
CBRE Group, Inc. (NYSE:CBRE) today reported financial results for the second quarter ended June 30, 2024. Key Highlights: Revenue up 9%; net revenue up 11% Resilient Business(1) net revenue increased 14%, bolstered by Turner & Townsend's 18% growth Advisory transaction revenue - leasing and capital markets - rose 5%, supported by growth of 13% in U.S. leasing revenue and 20% in mortgage origination fees GAAP EPS down 34% to $0.42; Core EPS down 2% to $0.81 Deployed $1.3 billion of capital year-to-date across M&A and REI co-investments Both net cash flow from operations and free cash flow improved by approximately $300 million; free cash flow conversion was nearly 90%
Altus Power (NYSE:AMPS), the largest commercial scale provider of clean electric power, today announced the acquisition of an 8.5 MW solar array in New Jersey. The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits (SRECs), and increases the size of the company's New Jersey portfolio to 185.5 MW in aggregate. "New Jersey is a national leader in renewable energy and we're pleased to expand our footprint in the Garden State," said Gregg Felton, CEO, Altus Power. "This acquisition includes 63 acres of land which enhances our flexibility to redevelop this site in the future and maximiz
Seaport Global analyst Jeff Campbell initiates coverage on Altus Power (NYSE:AMPS) with a Buy rating and announces Price Target of $6.5.
Roth MKM analyst Justin Clare maintains Altus Power (NYSE:AMPS) with a Buy and lowers the price target from $7 to $5.