Maxim Group initiated coverage on Altus Power with a new price target
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Maxim Group initiated coverage of Altus Power with a rating of Buy and set a new price target of $7.00
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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, 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.
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
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
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8-K - Altus Power, Inc. (0001828723) (Filer)
8-K - Altus Power, Inc. (0001828723) (Filer)
Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland's Community Solar Energy Generating Systems (CSEGS) pilot program. "We're proud to be expanding our portfolio in Maryland and growing our Community Solar subscriber base in the state, enabling more
Clear Street's Newest Offering, with In-Depth Market Analysis and Investment Insights, Addresses the Firm's Rapidly Expanding Institutional Client Base Initial Sector Coverage Includes Disruptive Technology, Energy Transition and Healthcare Clear Street ("Clear Street", "the Company"), a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the launch of its Equity Research Group, a strategic initiative aimed at providing in-depth market analysis and investment insights to its growing institutional client base. Led by Director of Research Mara Goldstein, Clear Street Equity Research will focus initially on the Disruptive Technology, En
Third Quarter Financial Highlights Third quarter 2024 revenues of $58.7 million, a 30% increase as compared to third quarter 2023 GAAP net income of $8.6 million for third quarter 2024, as compared to $6.8 million for third quarter 2023 Adjusted EBITDA* of $37.0 million for third quarter 2024, a 27% increase as compared with third quarter 2023 Recent Business Highlights Nationwide portfolio that surpassed 1 GW in operating assets as of September 30, 2024 Expanded Community Solar subscriber base to approximately 30,000 households across nine states Generated 333 million kilowatt hours of clean electric power in third quarter 2024, the equivalent of approximately 232,000
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4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland's Community Solar Energy Generating Systems (CSEGS) pilot program. "We're proud to be expanding our portfolio in Maryland and growing our Community Solar subscriber base in the state, enabling more
Third Quarter Financial Highlights Third quarter 2024 revenues of $58.7 million, a 30% increase as compared to third quarter 2023 GAAP net income of $8.6 million for third quarter 2024, as compared to $6.8 million for third quarter 2023 Adjusted EBITDA* of $37.0 million for third quarter 2024, a 27% increase as compared with third quarter 2023 Recent Business Highlights Nationwide portfolio that surpassed 1 GW in operating assets as of September 30, 2024 Expanded Community Solar subscriber base to approximately 30,000 households across nine states Generated 333 million kilowatt hours of clean electric power in third quarter 2024, the equivalent of approximately 232,000
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