Altus Power, Inc. Announces Pricing of Secondary Underwritten Public Offering of Class A Common Stock
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the pricing of a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone (“Blackstone”). The offering consists of 7,000,000 shares being sold by Blackstone at a public offering price of $11.50 per share, which represents $80.5 million of Class A common stock, before underwriting discounts and commissions. In connection with the offering, Blackstone granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of Class A common stock on the same terms and conditions at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about October 3, 2022, subject to customary closing conditions. All of the shares in the offering are to be sold by Blackstone. Altu
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News
- Altus Power, Inc. (NYSE: AMPS) had its price target lowered by analysts at B. Riley from $10.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Altus Power, Inc. Announces Date for Release of First Quarter 2024 Financial Results and Conference CallBusiness Wire
- 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
- Which States Have Community Solar: Find Out Here [CNET News]CNET News
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