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Stock impact report

Amalgamated Bank Announces $25 Million Commitment to Redball Energy, Advancing Rooftop Solar for Underserved Communities

Amalgamated Financial Corp. (AMAL) 
Last amalgamated financial corp. earnings: 4/30 06:25 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced a $25 million corporate financing commitment to Redball EnergyCo, LLC, one of the leading developers, owners, and operators of residential and commercial solar assets headquartered in the Washington, D.C. area.The investment is part of a $50 million aggregate financing that will support the deployment of over 30 megawatts (MW) of rooftop solar across D.C., Maryland, and Connecticut, delivering clean, renewable electricity to more than 4,400 households annually at no cost to the homeowners.“Our work with Redball reflects Amalgamated’s commitment to shaping a clean energy economy where everyone is included,” said Sam Brown, Chief Banking Officer at Amalgamated Bank. “By expanding access to rooftop solar, we’re lowering energy costs, strengthening household financial security, and demonstrating how mission-aligned banking can deliver climate solutions at scale whil Show less Read more
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