Streetbeat News

AMPS

Altus Power, Inc.

https://www.altuspower.com

Industry

Renewable Utilities

Altus Power, Inc. operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

Open

3.79

Mkt cap

619M

Volume

783K

High

3.88

P/E Ratio

18.43

52-wk high

7.28

Low

3.74

Div yield

N/A

52-wk low

2.71

Altus Power, Inc. (NYSE:AMPS) held its Q3 2024 earnings conference call on November 12, 2024. Key participants included company executives and analysts from various financial institutions.

Portfolio Pulse from

November 13, 2024 | 2:15 am

Altus Power, Inc. (AMPS) reported Q3 earnings of $0.11 per share, surpassing the Zacks Consensus Estimate of $0.03 per share. This marks a significant improvement from $0.03 per share a year ago.

Portfolio Pulse from

November 13, 2024 | 12:15 am

Citigroup analyst Ryan Levine maintains a Buy rating on Altus Power but lowers the price target from $7 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:59 pm

Altus Power and Motorsport Games are exploring strategic options to boost shareholder value, while True Value has declared bankruptcy. M&A activity in the U.S. and Canada is lagging compared to 2023, but the aggregate value of deals has increased.

Portfolio Pulse from Anthony Noto

October 21, 2024 | 6:46 pm

U.S. stocks rose with the Dow Jones gaining over 300 points. Morgan Stanley reported strong Q3 results, beating estimates with a 33% increase in net earnings. 180 Life Sciences, Altus Power, and Versus Systems saw significant stock price increases, while Service Properties Trust, Silvaco Group, and Novavax experienced declines.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 6:53 pm

Roth MKM analyst Justin Clare has reiterated a Buy rating on Altus Power (NYSE:AMPS) and maintained a price target of $4.5.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:21 pm

U.S. stocks rose with the Dow Jones gaining over 250 points. U.S. Bancorp reported better-than-expected earnings, while other companies like 180 Life Sciences and Altus Power saw significant stock movements. Novavax faced a setback with an FDA clinical hold.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 4:26 pm

United Airlines reported better-than-expected earnings, leading to a 9.3% stock increase. Other stocks like Korro Bio, Wave Life Sciences, and Morgan Stanley also saw significant gains due to positive developments.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 2:23 pm

Altus Power shares rose following the announcement of a strategic alternatives review by its Board of Directors and the reaffirmation of its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:45 am

Altus Power has announced a formal review of strategic alternatives while reaffirming its fiscal year 2024 guidance. This indicates potential changes in the company's strategic direction, which could include mergers, acquisitions, or other significant corporate actions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:31 pm

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