Altus Power, Inc. Stock Research

Market Summary

USD5.46-0.15

Delayed

-2.67%

AMPS Stock Price

AMPS RSI Chart

AMPS Valuation

Market Cap

840.5M

Price/Earnings (Trailing)

-159.86

Price/Sales (Trailing)

8.76

EV/EBITDA

56.23

Price/Free Cashflow

-86.61

AMPS Price/Sales (Trailing)

AMPS Profitability

EBT Margin

4.06%

Return on Equity

-1.54%

Return on Assets

-0.47%

Free Cashflow Yield

-1.15%

AMPS Fundamentals

AMPS Revenue

Revenue (TTM)

96.0M

Revenue Y/Y

51.15%

Revenue Q/Q

22.92%

AMPS Earnings

Earnings (TTM)

-5.3M

Earnings Y/Y

-9.1K%

Earnings Q/Q

-502.16%

Price Action

52 Week Range

4.2614.72

(Low)(High)

Last 7 days

-1.8%

Last 30 days

-19.1%

Last 90 days

-12.4%

Trailing 12 Months

-21.2%

AMPS Financial Health

Current Ratio

9.66

Debt/Equity

1.3

Debt/Cashflow

0.07

AMPS Investor Care

Shares Dilution (1Y)

77.70%

Diluted EPS (TTM)

-0.01

Financials for Altus Power

* denotes actual numbers (not divided by Thousands)
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	-

* denotes actual numbers (not divided by Millions)
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	-

* denotes actual numbers (not divided by Millions)
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	-	-	-	-

Risks for AMPS

What is the probability of a big loss on AMPS?

55.8%

Probability that Altus Power stock will be more than 20% underwater in next one year

54.9%

Probability that Altus Power stock will be more than 30% underwater in next one year.

44.3%

Probability that Altus Power stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AMPS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Altus Power was unfortunately bought at previous high price.

Drawdowns

Returns for AMPS

Cumulative Returns on AMPS

Which funds bought or sold AMPS recently?

View All Details

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	-%

Latest Funds Activity

Are funds buying AMPS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AMPS

No. of Funds

Altus Power News

Schedule 13G FIlings of Altus Power

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

AMPS Fair Value

Recent SEC filings of Altus Power

View All Filings

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

Latest Insider Trading transactions for AMPS

Filter Transactions

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	-

About Altus Power

Lars R. Norell

www.altuspower.com

Altus Power, Inc. operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.

AMPS Income Statement

2022-09-30

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

AMPS Balance Sheet

2022-09-30

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