Altus Power Announces CEO Transition, Board Of Directors Has Accepted The Resignation Of Lars Norell As Co-CEO And Appointed Gregg Felton As Sole Chief Executive Officer; Reaffirms Full Year Guidance For 2024
Portfolio Pulse from Benzinga Newsdesk
Altus Power, Inc. (NYSE:AMPS) announced a CEO transition, with Lars Norell resigning as co-CEO and Gregg Felton appointed as the sole CEO, effective April 26, 2024. The company reaffirmed its full year guidance for 2024 and expressed confidence in Felton's leadership to drive long-term shareholder value. Altus Power's partnerships with CBRE and Blackstone were highlighted, emphasizing the company's role in reducing carbon footprints and securing efficient financing.
April 29, 2024 | 12:33 pm
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Altus Power announces CEO transition with Gregg Felton taking over as sole CEO from Lars Norell, reaffirms 2024 guidance, highlighting strong leadership and strategic partnerships.
The CEO transition in Altus Power is a significant event that could influence investor sentiment positively, given the board's confidence in Gregg Felton's ability to drive shareholder value. The reaffirmation of the 2024 guidance suggests stability and continued growth prospects for the company. Strategic partnerships with CBRE and Blackstone further support the positive outlook, indicating strong operational backing and financial health. These factors combined are likely to have a positive short-term impact on AMPS's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100