Altus Power, Inc. Announces Definitive Agreements to Acquire Approximately 97 Megawatts of Operating Solar Assets
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
Altus Power’s portfolio of solar and storage assets expected to grow to approximately 466 megawatts across 22 states STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced definitive agreements to acquire approximately 97 megawatts (MW) of operating solar assets for approximately $220 million funded by a combination of cash on hand and assumed liabilities. The largest of these portfolios includes 88 MW of generating assets and the acquisition is subject to certain closing conditions, which we expect to be met in the coming weeks. The acquisition of the remaining approximately 9 MW has recently closed and such assets are currently operating as part of Altus Power’s portfolio. Combined, these recently and soon to be acquired portfolios represent approximately 97 MW of solar assets operating across nine U.S. states.These commercial and
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News
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- Altus Power, Inc. (NYSE: AMPS) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $9.00 price target on the stock.MarketBeat
- Altus Power, Inc. (NYSE: AMPS) is now covered by analysts at Maxim Group. They set a "buy" rating and a $7.00 price target on the stock.MarketBeat
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AMPS
Earnings
- 3/14/24 - Miss
AMPS
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/11/24 - Form DEFA14A
- AMPS's page on the SEC website