Altus Power Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Public

  • Employees
  • 93

Employees

  • Stock Symbol
  • AMPS

Stock Symbol

  • Investments
  • 24

  • Share Price
  • $4.26
  • (As of Friday Closing)

Altus Power General Information

Description

Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serve commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Their primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Asset Management
Other Industries
Other Energy
Stock Exchange
NYS
Corporate Office
  • 2200 Atlantic Street
  • Floor 6
  • Stamford, CT 06902
  • United States
+1 (888) 000-0000

Altus Power Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Altus Power Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$4.26 $4.23 $3.40 - $7.28 $681M 160M 1.16M -$0.05

Altus Power Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 2,068,004 2,190,950 1,335,156 1,605,630
Revenue 166,443 155,162 101,163 71,800
EBITDA 87,176 77,430 108,305 55,633
Net Income (7,463) (9,355) 55,437 5,906
Total Assets 2,218,476 2,090,349 1,376,888 1,113,249
Total Debt 1,522,677 1,390,480 762,720 545,980
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Altus Power Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Altus Power Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the Un
Asset Management
Stamford, CT
93 As of 2023
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000000000 - 00.000

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00000 0000000000
Seville, Spain

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00000 0000000000
New York, NY
00 As of 0000
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00000000000 00000
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Altus Power Competitors (3)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Quintas Energy Corporation Seville, Spain
CleanCapital Private Equity-Backed New York, NY 00 00000 00000000000 00000
Leeward Renewable Energy Private Equity-Backed Dallas, TX 000 00000 000000000 00 00000
You’re viewing 3 of 3 competitors. Get the full list »

Altus Power Patents

Altus Power Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240169127-A1 Simulation of carbon emissions Pending 17-Nov-2022 000000000
FR-2472641-A1 Use of suspended film to restrict casting of reinforced concrete - as simple method for retaining insulation cavities within the casting Active 26-Dec-1979 000000000 0

Altus Power Executive Team (14)

Name Title Board Seat Contact Info
Gregg Felton JD Chief Executive Officer, Board Member & Co-Founder
Dustin Weber Chief Financial Officer, Finance
Sean Rheuben Managing Director
Sophia Lee JD Chief Legal Officer & Chief Sustainability Officer
Melissa Boulan Chief People Officer
You’re viewing 5 of 14 executive team members. Get the full list »

Altus Power Board Members (6)

Name Representing Role Since
000000000 0000000 Altus Power Chairman & Board Member 000 0000
0000000 000000 Self Board Member 000 0000
000000 0000 Blackstone Credit Board Member 000 0000
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Altus Power Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Altus Power Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Altus Power Investments & Acquisitions (24)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Vitol (84 MWs of Commercial Scale Solar Arrays) 31-Jan-2024 000000000 00000 Other Energy 00000 000
Project Hyperion 20-Dec-2023 0000000000 00000 Other Energy Services 00000 000
Unico Solar Investors 20-Dec-2023 0000000000 Energy Production 00000 000
Apollo (4.4 Megawatts of Operating Solar Assets In Southern California) 19-Jul-2023 000000000 Other Energy 00000 000
Altus Power (Solar Energy Facility and Battery Energy Storage System in Massachusetts) 13-Jul-2023 Corporate Asset Purchase 000.00 Other Energy
You’re viewing 5 of 24 investments and acquisitions. Get the full list »

Altus Power Subsidiaries (1)

Company Name Industry Location Founded
Unico Solar Investors Energy Production Seattle, WA 0000
To view Altus Power’s complete subsidiaries history, request access »

Altus Power ESG

Risk Overview

Risk Rating

Updated May, 16, 2024

24.88 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,191

Rank

00.00

Percentile

Utilities

Industry

00 of 678

Rank

00.00

Percentile

Renewable Power Production

Subindustry

00 of 97

Rank

00.00

Percentile

To view Altus Power’s complete esg history, request access »

Altus Power FAQs

  • When was Altus Power founded?

    Altus Power was founded in 2013.

  • Who is the founder of Altus Power?

    Gregg Felton JD, Lars Norell JD, Tony Savino, and Tom Athan are the founders of Altus Power.

  • Who is the CEO of Altus Power?

    Gregg Felton JD is the CEO of Altus Power.

  • Where is Altus Power headquartered?

    Altus Power is headquartered in Stamford, CT.

  • What is the size of Altus Power?

    Altus Power has 93 total employees.

  • What industry is Altus Power in?

    Altus Power’s primary industry is Asset Management.

  • Is Altus Power a private or public company?

    Altus Power is a Public company.

  • What is Altus Power’s stock symbol?

    The ticker symbol for Altus Power is AMPS.

  • What is the current stock price of Altus Power?

    As of 21-Jun-2024 the stock price of Altus Power is $4.26.

  • What is the current market cap of Altus Power?

    The current market capitalization of Altus Power is $681M.

  • What is Altus Power’s current revenue?

    The trailing twelve month revenue for Altus Power is $166M.

  • Who are Altus Power’s competitors?

    Quintas Energy, CleanCapital, and Leeward Renewable Energy are competitors of Altus Power.

  • What is Altus Power’s annual earnings per share (EPS)?

    Altus Power’s EPS for 12 months was -$0.05.

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