Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Yahoo! Finance
GAAP net loss of $26.0 million for full year 2023, compared to net income of $52.2 million for full year 2022 Adjusted EBITDA* of $93.1 million for full year 2023, a 59% increase compared to full year 2022 Net cash provided by operating activities of $79.4 million, a 125% increase over 2022 Adjusted EBITDA margin* of 60% for full year 2023, compared to 58% for full year 2022 Business Highlights Added ~150 enterprise customers, bringing total to over 450 Increased portfolio size by 91% to 896 MW during 2023 Completed ~74 MW of new-build assets and added ~352 MW of assets in operation Largest owner of commercial scale solar assets in the US Expanded presence with offices on the West Coast, resulting from our first platform acquisition Approaching 1 gigawatt portfolio with closing of 84 MW acquisition from Vitol in January 2024 Year ending cash balance of $219 million underpins financing plan for 2024 with no expected equity needs STAMFORD, Conn., March 14, 2024
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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