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

4.94

Mkt cap

792M

Volume

1.8M

High

4.96

P/E Ratio

23.57

52-wk high

5.50

Low

4.93

Div yield

N/A

52-wk low

2.71

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

Altus Power has announced a 1.6MW solar project at San Manuel Landing in San Bernardino, California. The project, developed in partnership with Trammell Crow and the San Manuel Band of Mission Indians, aims to provide low-cost clean electric power and reduce emissions by over 21,000 metric tons of CO2.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:05 pm

Altus Power has signed an agreement to construct a 1.6 MW solar project at San Manuel Landing in San Bernardino, California. This project, in partnership with Trammell Crow Company and the San Manuel Band of Mission Indians, will provide clean energy and reduce emissions significantly.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:03 pm

Altus Power has announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. These projects will provide clean electric power to local municipalities through the Altus Power Community Solar program.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:10 pm

Altus Power shares declined following a downgrade by Morgan Stanley from Overweight to Equal-Weight, with a price target reduction from $8 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:07 pm

Morgan Stanley has downgraded Altus Power (NYSE:AMPS) from Overweight to Equal-Weight and reduced its price target from $8 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 9:22 am

Altus Power plans to develop a 750kW solar system in Cherry Valley, Illinois, in partnership with Venture One and Affinius Capital. The clean power will benefit DB Schenker and local Community Solar subscribers.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:05 pm

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