Last 7 days
-1.8%
Last 30 days
-19.1%
Last 90 days
-12.4%
Trailing 12 Months
-21.2%
Income Statement (Last 12 Months) | (In Thousands) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | 12.0% | 95,977 | 85,677 | 78,528 | 71,800 | 61,487 |
Operating Expenses | 9.6% | 60,664 | 55,360 | 47,353 | 37,758 | 35,413 |
S&GA Expenses | 8.6% | 24,344 | 22,414 | 20,076 | 16,915 | 15,108 |
EBITDA | -90.1% | 9,774 | 99,204 | 70,280 | 14,334 | - |
EBITDA Margin | -91.2% | 0.10* | 1.16* | 0.89* | 0.20* | - |
Earnings Before Taxes | -95.9% | 3,894 | 94,715 | 74,086 | 13,300 | -5,465 |
EBT Margin | -96.3% | 0.04* | 1.11* | 0.86* | 0.19* | - |
Interest Expenses | -2.0% | -21,739 | -21,305 | -20,958 | -19,933 | -33,884 |
Net Income | -105.8% | -5,258 | 90,667 | 65,363 | 5,906 | -3,782 |
Net Income Margin | -105.8% | -0.05* | 0.95* | 0.68* | 0.08* | - |
Free Cahsflow | -74.6% | -9,705 | -5,558 | 8,603 | 9,119 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | 2.2% | 1,130 | 1,106 | 1,104 | 1,113 | 810 |
Current Assets | -0.3% | 316 | 316 | 336 | 344 | 58.00 |
Cash Equivalents | -1.4% | 291 | 295 | 323 | 326 | 39.00 |
Net PPE | 3.0% | 788 | 765 | 746 | 746 | 728 |
Goodwill | 0% | 1.00 | 1.00 | 2.00 | - | - |
Liabilities | 11.8% | 751 | 671 | 703 | 772 | 585 |
Current Liabilities | 18.5% | 33.00 | 28.00 | 31.00 | 33.00 | 46.00 |
Long Term Debt | - | 518 | - | - | - | - |
LT Debt, Current | 10.1% | 17.00 | 16.00 | 21.00 | 21.00 | 28.00 |
LT Debt, Non Current | 1.0% | 528 | 523 | 522 | 525 | 504 |
Shareholder's Equity | -18.3% | 342 | 419 | 386 | 305 | 210 |
Retained Earnings | -576.5% | -113 | -16.82 | -40.94 | -101 | -97.28 |
Additional Paid-In Capital | 9.4% | 456 | 417 | 407 | 406 | 3.00 |
Shares Outstanding | 1.9% | 158 | 155 | 154 | 154 | 89.00 |
Minority Interest | 2.4% | 19.00 | 19.00 | 20.00 | 21.00 | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | 16.1% | 30.00 | 26.00 | 24.00 | 24.00 | 17.00 |
Share Based Compensation | 66.3% | 7.00 | 4.00 | 1.00 | 0.00 | 0.00 |
Cashflow From Investing | 77.7% | -54.67 | -244 | -221 | -223 | -615 |
Cashflow From Financing | -41.8% | 283 | 486 | 495 | 492 | 601 |
Dividend Payments | - | 0.00 | - | - | - | - |
55.8%
54.9%
44.3%
Y-axis is the maximum loss one would have experienced if Altus Power was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-23 | Prostatis Group LLC | added | 272 | 90,999 | 123,652 | 0.07% |
2023-03-23 | Prostatis Group LLC | added | 13.4 | 14,780 | 98,876 | 0.06% |
2023-03-23 | MetLife Investment Management, LLC | unchanged | - | -109,201 | 158,573 | -% |
2023-03-22 | Pictet North America Advisors SA | new | - | 219,446 | 219,446 | 0.04% |
2023-03-22 | Pictet North America Advisors SA | added | 3.84 | -2,370 | 784,680 | 0.14% |
2023-03-22 | Pictet North America Advisors SA | reduced | -0.8 | 119,758 | 8,066,340 | 1.39% |
2023-03-17 | American Portfolios Advisors | added | 1,043 | 1,799,530 | 1,965,420 | 0.08% |
2023-03-17 | American Portfolios Advisors | added | 36.14 | 330,244 | 1,444,200 | 0.06% |
2023-03-17 | American Portfolios Advisors | unchanged | - | -9,207 | 144,050 | 0.01% |
2023-03-17 | American Portfolios Advisors | unchanged | - | -2,334 | 7,496 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | empyrean capital partners, lp | 0.3% | 516,127 | SC 13G/A | |
Feb 13, 2023 | goffe andrew j. | 1.4% | 2,158,735 | SC 13G/A | |
Jan 20, 2023 | felton gregg j | 8.26% | 13,124,603 | SC 13D/A | |
Sep 29, 2022 | cbre acquisition sponsor, llc | 15.9% | 24,554,201 | SC 13D/A | |
Jun 02, 2022 | goffe andrew j. | 5.2% | 8,032,986 | SC 13G | |
Feb 14, 2022 | d1 capital partners l.p. | 0% | 0 | SC 13G/A | |
Feb 11, 2022 | integrated core strategies (us) llc | 0.3% | 405,000 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 24, 2023 | 4 | Insider Trading | |
Mar 13, 2023 | 8-K | Current Report | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 4 | Insider Trading | |
Feb 16, 2023 | 8-K | Current Report | |
Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
Feb 13, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-22 | Savino Anthony | acquired | - | - | 220,553 | cofounder,chief const. officer |
2023-03-22 | Weber Dustin | acquired | - | - | 175,708 | chief financial officer |
2023-03-22 | Felton Gregg J | acquired | - | - | 444,648 | co-founder co-ceo co-president |
2023-03-22 | NORELL LARS | acquired | - | - | 444,648 | co-founder co-ceo co-president |
2023-02-16 | Savino Anthony | sold | -34,965 | 7.4 | -4,725 | cofounder,chief const. officer |
2023-02-16 | Weber Dustin | sold | -33,078 | 7.4 | -4,470 | chief financial officer |
2023-02-07 | Coyne Sarah | acquired | - | - | 10,014 | - |
2023-02-07 | Brink Diane D | acquired | - | - | 22,103 | - |
2023-02-07 | Peretz Richard N. | acquired | - | - | 10,014 | - |
2023-02-07 | Detrick Christine Rose | acquired | - | - | 22,697 | - |
Consolidated Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Income Statement [Abstract] | ||||
Operating revenues, net | $ 30,438 | $ 20,138 | $ 74,399 | $ 50,222 |
Operating expenses | ||||
Cost of operations (exclusive of depreciation and amortization shown separately below) | 4,488 | 3,849 | 12,842 | 10,005 |
General and administrative | 6,560 | 4,630 | 19,502 | 12,073 |
Depreciation, amortization and accretion expense | 7,134 | 5,309 | 20,819 | 14,167 |
Acquisition and entity formation costs | 237 | 954 | 583 | 1,186 |
Loss (gain) on fair value remeasurement of contingent consideration, net | 825 | (350) | (146) | (2,400) |
Gain on disposal of property, plant and equipment | (2,222) | 0 | (2,222) | 0 |
Stock-based compensation | 2,708 | 34 | 6,670 | 111 |
Total operating expenses | 19,730 | 14,426 | 58,048 | 35,142 |
Operating income | 10,708 | 5,712 | 16,351 | 15,080 |
Other (income) expense | ||||
Change in fair value of redeemable warrant liability | 29,564 | 0 | 6,447 | 0 |
Change in fair value of alignment shares liability | 72,418 | 0 | 9,367 | 0 |
Other (income) expense, net | (2,267) | 1,087 | (2,860) | 838 |
Interest expense, net | 5,657 | 5,223 | 15,768 | 13,962 |
Loss on extinguishment of debt | 0 | 3,245 | 0 | 3,245 |
Total other expense | 105,372 | 9,555 | 28,722 | 18,045 |
Loss before income tax expense | (94,664) | (3,843) | (12,371) | (2,965) |
Income tax (expense) benefit | (1,964) | 2,552 | (2,548) | 1,497 |
Net loss | (96,628) | (1,291) | (14,919) | (1,468) |
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests | 352 | (236) | (2,473) | (186) |
Net loss attributable to Altus Power, Inc. | $ (96,980) | $ (1,055) | $ (12,446) | $ (1,282) |
Net loss per share attributable to common stockholders | ||||
Net loss per share attributable to common stockholders – basic (in usd per share) | $ (0.63) | $ (0.01) | $ (0.08) | $ (0.01) |
Net loss per share attributable to common stockholders – diluted (in usd per share) | $ (0.63) | $ (0.01) | $ (0.08) | $ (0.01) |
Weighted average shares used to compute net loss per share attributable to common stockholders | ||||
Weighted average shares of common stock outstanding – basic (in shares) | 154,455,228 | 88,741,089 | 153,482,503 | 88,741,089 |
Weighted average shares of common stock outstanding – diluted (in shares) | 154,455,228 | 88,741,089 | 153,482,503 | 88,741,089 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 290,894 | $ 325,983 |
Current portion of restricted cash | 2,477 | 2,544 |
Accounts receivable, net | 15,725 | 9,218 |
Other current assets | 6,406 | 6,659 |
Total current assets | 315,502 | 344,404 |
Restricted cash, noncurrent portion | 4,018 | 1,794 |
Property, plant and equipment, net | 788,132 | 745,711 |
Intangible assets, net | 19,571 | 16,702 |
Other assets | 3,107 | 4,638 |
Total assets | 1,130,330 | 1,113,249 |
Current liabilities: | ||
Accounts payable | 2,382 | 3,591 |
Interest payable | 4,459 | 4,494 |
Current portion of long-term debt, net | 17,321 | 21,143 |
Due to related parties | 47 | 0 |
Other current liabilities | 8,455 | 3,663 |
Total current liabilities | 32,664 | 32,891 |
Redeemable warrant liability | 12,715 | 49,933 |
Alignment shares liability | 136,826 | 127,474 |
Long-term debt, net of unamortized debt issuance costs and current portion | 527,709 | 524,837 |
Intangible liabilities, net | 12,532 | 13,758 |
Asset retirement obligations | 7,933 | 7,628 |
Deferred tax liabilities, net | 11,973 | 9,603 |
Other long-term liabilities | 8,316 | 5,587 |
Total liabilities | 750,668 | 771,711 |
Commitments and contingent liabilities (Note 10) | ||
Redeemable noncontrolling interests | 18,444 | 15,527 |
Stockholders' equity | ||
Common stock $0.0001 par value; 988,591,250 shares authorized as of September 30, 2022, and December 31, 2021; 157,696,560 and 153,648,830 shares issued and outstanding as of September 30, 2022, and December 31, 2021, respectively | 16 | 15 |
Preferred stock $0.0001 par value; 10,000,000 shares authorized, zero shares issued and outstanding as of September 30, 2022, and December 31, 2021 | 0 | 0 |
Additional paid-in capital | 455,869 | 406,259 |
Accumulated deficit | (113,802) | (101,356) |
Total stockholders' equity | 342,083 | 304,918 |
Noncontrolling interests | 19,135 | 21,093 |
Total equity | 361,218 | 326,011 |
Total liabilities, redeemable noncontrolling interests, and stockholders' equity | $ 1,130,330 | $ 1,113,249 |