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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.

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Altus Power (NYSE:AMPS) reported Q2 earnings per share (EPS) of $0.23, significantly beating the analyst estimate of $0.03. However, the company's sales of $52.46 million missed the $57.07 million estimate. Despite the sales miss, this represents a 12.79% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:24 pm

Altus Power (NYSE:AMPS) has acquired an 8.5 MW solar project in New Jersey, expanding its portfolio in the state to 185.5 MW. The project will generate clean energy and Solar Renewable Energy Credits (SRECs) for PJM, the local independent system operator. The acquisition includes 63 acres of land, providing future redevelopment opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:48 am

Seaport Global has initiated coverage on Altus Power (NYSE:AMPS) with a Buy rating and a price target of $6.5, as announced by analyst Jeff Campbell.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:17 pm

Roth MKM analyst Justin Clare maintains a Buy rating on Altus Power (NYSE:AMPS) but lowers the price target from $7 to $5.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:08 pm

JP Morgan analyst Mark Strouse has downgraded Altus Power (NYSE:AMPS) from Overweight to Neutral.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:17 pm

B. Riley Securities has maintained its Buy rating on Altus Power (NYSE:AMPS) but has lowered the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:03 pm

Evercore ISI Group analyst James West maintains an Outperform rating on Altus Power (NYSE:AMPS) but lowers the price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:19 pm

Altus Power shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:25 pm

Altus Power has reaffirmed its fiscal year 2024 operating revenue expectations, projecting a range of $200 million to $222 million, with an estimated average of $214.31 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:09 pm

Altus Power shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:52 pm

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