Altus Power, Inc. Announces First Quarter 2024 Financial Results
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
First Quarter Financial HighlightsFirst quarter 2024 revenues of $40.7 million, a 38% increase as compared to first quarter 2023GAAP net income of $4.1 million for first quarter 2024, an increase as compared to $3.8 million for first quarter 2023Adjusted EBITDA* of $19.7 million for first quarter 2024, or a 23% increase as compared with first quarter 2023Recent Business HighlightsAdded ~4,000 Community Solar customers, bringing total to over 24,000Increased portfolio size by 45% to 981 MW as compared to first quarter 2023Projects with CBRE Investment Management begin construction in MarylandLargest owner of commercial scale solar assets in the US1Quarter ending cash balance of $204 million underpins financing planAlison Sternberg joins as Head of Investor Relations STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the largest commercial scale provider of clean, electric power, today announced its financial results for first quarter o
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AMPS
News
- Altus Power, Inc. (NYSE: AMPS) had its price target lowered by analysts at Roth Mkm from $7.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Altus Power, Inc. (NYSE: AMPS) had its price target lowered by analysts at B. Riley from $7.00 to $6.00. They now have a "buy" rating on the stock.MarketBeat
- Altus Power, Inc. (NYSE: AMPS) had its price target lowered by analysts at Evercore ISI from $9.00 to $7.00. They now have an "outperform" rating on the stock.MarketBeat
- Altus Power, Inc. (NYSE: AMPS) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
- Altus Power, Inc. (NYSE:AMPS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AMPS
Earnings
- 5/9/24 - Beat
AMPS
Sec Filings
- 5/14/24 - Form 8-K
- 5/13/24 - Form DEFA14A
- 5/10/24 - Form 8-K/A
- AMPS's page on the SEC website