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ALTUS POWER, INC.

(AMPS)
  Report
Delayed Nyse  -  04:00 2022-11-30 pm EST
7.150 USD   +8.50%
11/17Altus Power Unveils New App to Connect Residential Customers to Local Clean Energy
BU
11/17UBS Adjusts Altus Power Price Target to $13 From $14, Maintains Buy Rating
MT
11/15B. Riley Trims Altus Power's Price Target to $14 From $15, to Reflect More Conservative Approach; Keeps Buy Rating
MT
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Altus Power Shares Drop After Secondary Stock Offering Prices

09/29/2022 | 10:21am EST

By Dean Seal


Shares of Altus Power Inc. were down 23% to $10.95 in early trading Thursday after the company said a stockholder affiliated with Blackstone Inc. plans to sell 7 million shares in an underwritten public offering.

The solar-power company announced the secondary offering after the market closed Wednesday, and said later that night that the offering had been priced at $11.50 a share.

The offering is expected to net proceeds of $80.5 million before underwriting discounts and commissions and close on Oct. 3, the company said. Altus won't receive any proceeds from the sale.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

09-29-22 1020ET

Stocks mentioned in the article
ChangeLast1st jan.
ALTUS POWER, INC. 8.50% 7.15 Delayed Quote.-31.58%
ALTUS SA 5.38% 1.37 Delayed Quote.-6.80%
BLACKSTONE INC. 3.76% 91.53 Delayed Quote.-29.26%
All news about ALTUS POWER, INC.
11/17Altus Power Unveils New App to Connect Residential Customers to Local Clean Energy
BU
11/17UBS Adjusts Altus Power Price Target to $13 From $14, Maintains Buy Rating
MT
11/15B. Riley Trims Altus Power's Price Target to $14 From $15, to Reflect More Conservative..
MT
11/15North American Morning Briefing: Positive China -2-
DJ
11/14ALTUS POWER, INC. Financial Statements and Exhibits (form 8-K/A)
AQ
11/14Altus Power, Inc. Announces Closing of 88 MW of Assets
BU
11/14Sector Update: Energy Stocks Hit by Late Slump, Giving Back Midday Advance
MT
11/14Sector Update: Energy Stocks Higher Amid Weaker Crude Oil Prices
MT
11/14JPMorgan Upgrades Altus Power to Overweight From Neutral, Price Target is $10
MT
11/14Altus Power Reports Widened Q3 Loss, Higher Revenue; Shares Decline
MT
More news
Analyst Recommendations on ALTUS POWER, INC.
More recommendations
Financials (USD)
Sales 2022 101 M - -
Net income 2022 -13,9 M - -
Net Debt 2022 385 M - -
P/E ratio 2022 -78,8x
Yield 2022 -
Capitalization 1 136 M 1 136 M -
EV / Sales 2022 15,0x
EV / Sales 2023 11,0x
Nbr of Employees 61
Free-Float 42,0%
Chart ALTUS POWER, INC.
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Technical analysis trends ALTUS POWER, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Last Close Price 7,15 $
Average target price 12,33 $
Spread / Average Target 72,5%
EPS Revisions
Managers and Directors
Lars R. Norell Co-Chief Executive Officer & Director
Gregg Jon Felton Co-Chief Executive Officer & Director
Dustin Weber Chief Operating & Financial Officer
Christine Rose Detrick Chairman
Richard N. Peretz Independent Director
Sector and Competitors