AMPS Stock Recent News

The average of price targets set by Wall Street analysts indicates a potential upside of 39.3% in Altus Power, Inc. (AMPS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the full year of 2023 after the closing of the New York Stock Exchange on Thursday, March 14, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature prepared remarks from Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financ.

Altus Power has acquired Unico Solar to expand its presence on the West Coast and boost its pipeline and capabilities. The renewable energy industry, especially solar power, is experiencing strong growth in the US. Altus Power's financials show significant growth in operating revenue and net income, and the company expects continued growth in adjusted EBITDA for FY2023.

When anyone hears the phrase “renewable energy,” the immediate thought tends to be solar. As our world continues to embrace renewable energy sources more and more, solar and wind energy have risen to become the most iconic figureheads.

Altus Power's revenue and earnings missed estimates for the third quarter. The company reiterated its full-year adjusted EBITDA guidance, however, despite sustained solar industry headwinds.

Altus Power, Inc. (AMPS) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago.

Investors need to pay close attention to Altus Power (AMPS) stock based on the movements in the options market lately.

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the second quarter of 2023 before the opening of the New York Stock Exchange on Monday, August 14, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financial Officer. The prepared remarks will be foll.

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced that the Company will participate in the J.P. Morgan Alternative Energy Spotlight Series on Monday, April 17, 2023 at 2:00pm ET. The event is open to the clients of J.P. Morgan Equity Research and interested investors should inquire through their J.P. Morgan salesperson.

Altus Power reported strong revenue and net income growth in Q4 2022. The company expects year-over-year adjusted EBITDA growth in 2023.