Altus Power downgraded by B. Riley Securities with a new price target
$AMPS
Electric Utilities: Central
Utilities
B. Riley Securities downgraded Altus Power from Buy to Neutral and set a new price target of $5.00 from $6.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/10/2025 | $5.00 | Buy → Neutral | UBS |
| 2/7/2025 | $6.00 → $5.00 | Buy → Neutral | B. Riley Securities |
| 2/6/2025 | Underweight → Neutral | Analyst | |
| 12/12/2024 | Neutral → Underweight | Analyst | |
| 8/21/2024 | $8.00 → $4.00 | Overweight → Equal-Weight | Morgan Stanley |
| 6/3/2024 | $6.50 | Buy | Seaport Research Partners |
| 5/15/2024 | Overweight → Neutral | JP Morgan | |
| 4/10/2024 | $7.00 | Buy | Maxim Group |
Altus Power, a leading commercial-scale provider of clean electric power, today announced the acquisition of a 47.8-megawatt (MW) ground-mounted solar portfolio from Tortoise Capital Advisors, comprised of 15 projects located across Kansas and New York. With this transaction, Altus Power's portfolio has increased to 26 states and its footprint in New York now exceeds 250 MW, cementing the state as its top market The acquired projects serve a range of public sector clients including several regional universities, towns and municipalities. These systems will generate and deliver incremental clean power directly where it's needed, supporting local infrastructure and reducing reliance on long
Altus Power, Inc. ("Altus Power" or the "Company") (NYSE:AMPS), a leading commercial-scale provider of clean, electric power, today announced the completion of its acquisition by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash transaction that valued the Company at approximately $2.2 billion, including outstanding debt. As a result of the transaction, Altus Power is now a privately-held company. "The successful close of this transaction marks a pivotal moment for Altus Power, our stockholders, employees and partners. By partnering with TPG Rise Climate Transition Infrastructure, who shares our long-term vision for the future of clean energy, we believe we
Altus Power, Inc. (NYSE:AMPS) ("Altus Power") today announced that, at a special meeting of the stockholders held earlier today, Altus Power's stockholders voted to adopt the previously announced definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy (the "Merger Agreement"), and to approve the transactions contemplated thereby. As previously announced, subject to the terms and conditions of the Merger Agreement, Altus Power stockholders will receive $5.00 in cash, without interest and minus any applicable withholding taxes, for each share of Altus Power Class A common stock owned immediately prior to the effective time of
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EFFECT - Altus Power, Inc. (0001828723) (Filer)
EFFECT - Altus Power, Inc. (0001828723) (Filer)
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)
4 - Altus Power, Inc. (0001828723) (Issuer)