Altus Power, Inc.
AMPS
5.14USD+0.06 (+1.18%)Market ClosedWatchlist
Market Summary
USD5.14+0.06
Market Closed1.18%
AMPS Stock Price
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AMPS Fundamentals
AMPS Revenue
AMPS Earnings
Price Action
Last 7 days
2.4%
Last 30 days
-6.0%
Last 90 days
-18.0%
Trailing 12 Months
-21.6%
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 111.3M | 133.1M | 147.7M | 0 |
| 2022 | 78.5M | 85.7M | 96.0M | 101.2M |
| 2021 | 50.7M | 56.1M | 61.5M | 71.8M |
| 2020 | 39.4M | 41.4M | 43.3M | 45.3M |
| 2019 | 0 | 0 | 0 | 37.4M |
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Latest Insider Trading transactions for AMPS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
| Dec 01, 2023 | norell lars | sold | -206,000 | 5.15 | -40,000 | co-founder co-ceo co-president |
| Aug 25, 2023 | savino anthony | sold | -152,968 | 6.1187 | -25,000 | cofounder,chief const. officer |
| Aug 24, 2023 | savino anthony | sold | -150,518 | 6.0207 | -25,000 | cofounder,chief const. officer |
| Aug 23, 2023 | savino anthony | sold | -155,592 | 6.2237 | -25,000 | cofounder,chief const. officer |
| Jun 14, 2023 | savino anthony | sold | -134,075 | 5.363 | -25,000 | cofounder,chief const. officer |
| Jun 14, 2023 | gso altus holdings lp | bought | 246,177 | 5.4706 | 45,000 | - |
| Jun 14, 2023 | weber dustin | sold | -1,228,410 | 5.4596 | -225,000 | chief financial officer |
| Jun 13, 2023 | savino anthony | sold | -140,445 | 5.6178 | -25,000 | cofounder,chief const. officer |
| Jun 12, 2023 | concannon william f | bought | 225,152 | 5.4123 | 41,600 | - |
| Jun 12, 2023 | savino anthony | sold | -135,000 | 5.4 | -25,000 | cofounder,chief const. officer |
Which funds bought or sold AMPS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Dec 05, 2023 | TAP Consulting, LLC | added | 1.84 | 113,820 | 5,873,500 | 1.51% |
| Dec 04, 2023 | Phoenix Holdings Ltd. | added | 100 | 7,606,010 | 15,765,600 | 0.14% |
| Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | new | - | 1,061 | 1,061 | -% |
| Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | reduced | -66.28 | -46,139 | 22,172 | 0.01% |
| Dec 04, 2023 | Phoenix Holdings Ltd. | added | 100 | 1,882,800 | 3,896,100 | 0.04% |
| Dec 04, 2023 | Trust Co | unchanged | - | -7,001 | 364,410 | 0.06% |
| Dec 04, 2023 | WT Wealth Management | reduced | -0.07 | -68,533 | 2,664,730 | 1.14% |
| Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | new | - | 9,886 | 9,886 | -% |
| Dec 04, 2023 | Phoenix Holdings Ltd. | added | 34.71 | 27,903,200 | 104,750,000 | 0.96% |
| Dec 04, 2023 | TUCKER ASSET MANAGEMENT LLC | reduced | -71.48 | -15,622 | 6,008 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Altus Power, Inc.
| 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 |
Recent SEC filings of Altus Power, Inc.
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Dec 04, 2023 | 4 | Insider Trading | |
| Dec 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Nov 15, 2023 | 3 | Insider Trading | |
| Nov 13, 2023 | 8-K | Current Report | |
| Nov 13, 2023 | 8-K | Current Report | |
| Nov 13, 2023 | 10-Q | Quarterly Report | |
| Nov 01, 2023 | 8-K | Current Report | |
| Sep 01, 2023 | 8-K | Current Report | |
| Aug 29, 2023 | 4 | Insider Trading |
Peers (Alternatives to Altus Power, Inc.)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AEP | 41.4B | 19.3B | 1.40% | -15.84% | 20.86 | 2.15 | 2.48% | -22.96% |
AWK | 25.9B | 4.1B | 4.01% | -14.21% | 28.13 | 6.26 | 8.42% | -30.20% |
AEE | 20.8B | 7.9B | 1.10% | -8.65% | 18.56 | 2.62 | 6.33% | 10.55% |
ATO | 17.0B | 4.3B | 3.64% | -1.69% | 19.23 | 3.98 | 1.75% | 14.39% |
AGR | 12.5B | 8.2B | 3.19% | -23.64% | 23.37 | 1.53 | 6.33% | -40.31% |
AES | 12.0B | 12.8B | 9.79% | -34.87% | -21.45 | 0.94 | 3.51% | -103.64% |
NRG | 10.9B | 29.9B | 3.91% | 37.05% | -5.3 | 0.36 | -2.81% | -159.74% |
| MID-CAP | ||||||||
PNW | 8.6B | 4.7B | 4.61% | -2.38% | 20.43 | 1.83 | 14.58% | -25.26% |
ALE | 3.5B | 1.9B | 9.18% | -5.22% | 14.32 | 1.86 | 23.25% | 23.96% |
AVA | 2.7B | 1.7B | 0.72% | -15.79% | 16.5 | 1.59 | 5.10% | 28.81% |
| SMALL-CAP | ||||||||
CPK | 1.8B | 672.6M | 10.07% | -16.15% | 20.32 | 2.66 | 2.88% | 2.37% |
CWCO | 570.1M | 155.4M | 13.36% | 149.52% | 26.74 | 3.67 | 88.76% | 276.04% |
CDZI | 205.1M | 1.9M | -6.95% | 48.79% | -6.5 | 106.87 | 79.73% | -32.32% |
VIA | 27.2M | 456.0M | 29.77% | -68.66% | 4.41 | 0.06 | 2.16% | 128.25% |
CREG | 9.4M | - | 9.26% | -59.03% | -2.43 | - | - | 73.79% |
Altus Power, Inc. News
Latest updates
Financials for Altus Power, Inc.
Income Statement (Last 12 Months)
| Income Statement (Quarterly) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Revenue | -3.1% | 45,079,000 | 46,513,000 | 29,378,000 | 26,764,000 | 30,438,000 | 24,762,000 | 19,199,000 | 21,578,000 | 20,138,000 | 17,613,000 | 12,471,000 | 11,265,000 | - | - | - | - |
| Operating Expenses | -0.8% | 34,232,000 | 34,506,000 | 29,127,000 | 25,000,000 | 19,730,000 | 19,280,000 | 19,038,000 | 2,616,000 | 14,426,000 | 11,273,000 | 9,443,000 | 270,533 | - | - | - | - |
| S&GA Expenses | -1.2% | 8,194,000 | 8,291,000 | 7,362,000 | 5,524,000 | 6,560,000 | 6,558,000 | 6,384,000 | 4,692,500 | 4,630,000 | 4,220,000 | 3,226,000 | 3,032,000 | - | - | - | - |
| EBITDA Margin | - | - | - | 0.02 | 0.60 | 0.10 | 1.16 | 0.89 | 0.20 | -0.04 | -0.43 | 0.74 | 0.26 | 0.44 | - | - | 0.55 |
| Interest Expenses | 100.0% | - | -8,524,000 | -12,446,000 | -6,394,000 | -5,657,000 | -5,173,000 | -4,938,000 | -5,971,000 | -5,223,000 | -4,826,000 | -3,913,000 | -19,922,000 | - | - | - | - |
| Income Taxes | -276.4% | -1,940,000 | 1,100,000 | 888,000 | -1,444,500 | 1,964,000 | 700,000 | -123,000 | 1,817,500 | -2,600,000 | 2,092,000 | -1,037,000 | - | - | - | - | - |
| Earnings Before Taxes | 7.5% | 4,836,000 | 4,499,000 | 4,733,000 | 65,614,000 | -94,664,000 | 22,281,000 | 60,012,000 | 16,265,000 | -3,843,000 | 1,652,000 | -774,000 | -2,500,565 | - | - | - | - |
| EBT Margin | - | - | - | -0.02 | 0.53 | 0.04 | 1.11 | 0.86 | 0.19 | -0.19 | -0.04 | 0.27 | -0.22 | 0.02 | - | - | -0.20 |
| Net Income | -21.9% | 5,330,000 | 6,825,000 | 5,617,000 | 67,883,000 | -96,980,000 | 24,115,000 | 60,419,000 | 7,188,000 | -1,055,000 | -1,189,000 | 962,000 | -2,500,565 | - | - | - | - |
| Net Income Margin | - | - | - | 0.01 | 0.55 | -0.05 | 0.95 | 0.68 | 0.08 | -0.10 | 0.10 | 0.27 | -0.22 | 0.29 | - | - | -0.12 |
| Free Cashflow | - | - | - | -10,619,000 | -31,150,000 | 638,000 | -8,397,000 | -3,072,000 | 21,591,079 | -4,860,560 | -5,055,422 | -8,746,097 | -10,009,741 | -5,229,333 | - | - | -13,034,500 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Assets | 2.8% | 1,784 | 1,735 | 1,657 | 1,377 | 1,130 | 1,106 | 1,104 | 1,113 | 810 | 404 | 404 | 582 | 529 | 477 | 425 | 373 |
| Current Assets | -7.8% | 98.00 | 106 | 93.00 | 215 | 316 | 316 | 336 | 344 | 58.00 | 2.00 | 2.00 | 45.00 | - | - | - | 36.00 |
| Cash Equivalents | 21.5% | 84.00 | 69.00 | 69.00 | 193 | 291 | 299 | 323 | 330 | 39.00 | 32.00 | 25.00 | 38.00 | 37.00 | - | - | 32.00 |
| Net PPE | 3.0% | 1,448 | 1,405 | 1,372 | 1,005 | 788 | 765 | 746 | 746 | 728 | - | - | 519 | - | - | - | 327 |
| Goodwill | - | - | - | - | - | - | - | 1.00 | 1.00 | 2.00 | - | - | - | - | - | - | - |
| Liabilities | 2.1% | 1,258 | 1,232 | 1,167 | 914 | 751 | 671 | 703 | 772 | 585 | 532 | 478 | 424 | 378 | 333 | 287 | 241 |
| Current Liabilities | -0.9% | 97.00 | 97.00 | 96.00 | 68.00 | 33.00 | 28.00 | 31.00 | 33.00 | 46.00 | 2.00 | 1.00 | 43.00 | - | - | - | 46.00 |
| LT Debt, Current | 6.4% | 34.00 | 32.00 | 33.00 | 30.00 | 17.00 | 16.00 | 21.00 | 21.00 | 28.00 | - | - | 35.00 | - | - | - | 40.00 |
| LT Debt, Non Current | 3.4% | 908 | 878 | 836 | 635 | 528 | 523 | 522 | 525 | 504 | - | - | 354 | - | - | - | 178 |
| Shareholder's Equity | 12.3% | 503 | 448 | 466 | 424 | 342 | 419 | 386 | 326 | 210 | 131 | 132 | 139 | - | - | - | 129 |
| Retained Earnings | 15.9% | -28.15 | -33.48 | -40.30 | -45.92 | -113 | -16.82 | -40.94 | -101 | -97.28 | -26.64 | -22.37 | -80.80 | - | - | - | -47.34 |
| Additional Paid-In Capital | 0.9% | 483 | 478 | 474 | 470 | 456 | 417 | 407 | 406 | 3.00 | - | - | 206 | - | - | - | 0.00 |
| Shares Outstanding | 0% | 159 | 159 | 159 | 159 | 158 | 153 | 153 | 154 | 89.00 | 89.00 | 89.00 | 90.00 | - | - | - | - |
| Minority Interest | 7.8% | 37.00 | 34.00 | 33.00 | 21.00 | 19.00 | 19.00 | 20.00 | 21.00 | - | - | - | 14.00 | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Quarterly) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Cashflow From Operations | 109.5% | 23,605,000 | 11,266,000 | 14,225,000 | 10,403,000 | 12,970,000 | 8,370,000 | 3,499,000 | 5,456,000 | 8,763,000 | 6,263,000 | 3,222,000 | -1,609,741 | - | - | - | - |
| Share Based Compensation | -2.3% | 4,200,000 | 4,300,000 | 2,813,000 | 2,734,000 | 2,708,000 | 2,657,000 | 1,305,000 | 38,500 | 34,000 | 37,000 | 37,000 | 20,000 | - | - | - | - |
| Cashflow From Investing | -2.5% | -55,227,000 | -53,883,000 | -319,435,000 | -118,301,000 | -10,001,000 | -28,339,000 | -6,571,000 | -9,757,000 | -200,122,000 | -4,700,000 | -8,671,000 | -402,500,000 | - | - | - | - |
| Cashflow From Financing | -26.1% | 31,475,000 | 42,571,000 | 189,993,000 | 9,907,000 | -4,912,000 | -3,228,000 | -4,720,000 | 295,445,000 | 198,386,000 | 6,031,000 | -8,201,000 | 404,735,657 | - | - | - | - |
AMPS Income Statement
2023-09-30Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Operating revenues, net | $ 45,079 | $ 30,438 | $ 120,970 | $ 74,399 |
| Operating expenses | ||||
| Cost of operations (exclusive of depreciation and amortization shown separately below) | 7,825 | 4,488 | 21,382 | 12,842 |
| General and administrative | 8,194 | 6,560 | 23,847 | 19,502 |
| Depreciation, amortization and accretion expense | 13,719 | 7,134 | 38,054 | 20,819 |
| Acquisition and entity formation costs | 268 | 237 | 3,128 | 583 |
| Loss (gain) on fair value remeasurement of contingent consideration | 50 | 825 | 150 | (146) |
| (Gain) loss on disposal of property, plant and equipment | 0 | (2,222) | 649 | (2,222) |
| Stock-based compensation | 4,176 | 2,708 | 11,304 | 6,670 |
| Total operating expenses | 34,232 | 19,730 | 98,514 | 58,048 |
| Operating income | 10,847 | 10,708 | 22,456 | 16,351 |
| Other (income) expense | ||||
| Change in fair value of redeemable warrant liability | 0 | 29,564 | 0 | 6,447 |
| Change in fair value of Alignment Shares liability | (3,508) | 72,418 | (23,331) | 9,367 |
| Other expense (income), net | 339 | (2,267) | 1,569 | (2,860) |
| Interest expense, net | 9,180 | 5,657 | 30,150 | 15,768 |
| Total other expense | 6,011 | 105,372 | 8,388 | 28,722 |
| Income (loss) before income tax expense | 4,836 | (94,664) | 14,068 | (12,371) |
| Income tax benefit (expense) | 1,940 | (1,964) | (77) | (2,548) |
| Net income (loss) | 6,776 | (96,628) | 13,991 | (14,919) |
| Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests | 1,446 | 352 | (3,781) | (2,473) |
| Net income (loss) attributable to Altus Power, Inc. | $ 5,330 | $ (96,980) | $ 17,772 | $ (12,446) |
| Net income (loss) per share attributable to common stockholders | ||||
| Basic (in usd per share) | $ 0.03 | $ (0.63) | $ 0.11 | $ (0.08) |
| Diluted (in usd per share) | $ 0.03 | $ (0.63) | $ 0.11 | $ (0.08) |
| Weighted average shares used to compute net income (loss) per share attributable to common stockholders | ||||
| Basic (in shares) | 158,719,684 | 154,455,228 | 158,687,373 | 153,482,503 |
| Diluted (in shares) | 160,198,154 | 154,455,228 | 160,965,682 | 153,482,503 |
AMPS Balance Sheet
2023-09-30Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 68,184 | $ 193,016 |
| Current portion of restricted cash | 3,802 | 2,404 |
| Accounts receivable, net | 23,385 | 13,443 |
| Other current assets | 2,686 | 6,206 |
| Total current assets | 98,057 | 215,069 |
| Restricted cash, noncurrent portion | 12,002 | 3,978 |
| Property, plant and equipment, net | 1,447,711 | 1,005,147 |
| Intangible assets, net | 47,103 | 47,627 |
| Operating lease asset | 152,865 | 94,463 |
| Derivative assets | 19,071 | 3,953 |
| Other assets | 7,630 | 6,651 |
| Total assets | 1,784,439 | 1,376,888 |
| Current liabilities: | ||
| Accounts payable | 4,985 | 2,740 |
| Construction payable | 10,791 | 9,038 |
| Interest payable | 8,495 | 4,436 |
| Purchase price payable, current | 22,495 | 12,077 |
| Current portion of long-term debt, net | 34,111 | 29,959 |
| Operating lease liability, current | 3,670 | 3,339 |
| Contract liability, current | 3,377 | 2,590 |
| Total current liabilities | 96,600 | 68,228 |
| Alignment Shares liability | 42,803 | 66,145 |
| Long-term debt, net of unamortized debt issuance costs and current portion | 908,034 | 634,603 |
| Intangible liabilities, net | 14,043 | 12,411 |
| Purchase price payable, noncurrent | 0 | 6,940 |
| Asset retirement obligations | 14,427 | 9,575 |
| Operating lease liability, noncurrent | 158,430 | 94,819 |
| Contract liability, noncurrent | 6,075 | 5,397 |
| Deferred tax liabilities, net | 14,426 | 11,011 |
| Other long-term liabilities | 2,928 | 4,700 |
| Total liabilities | 1,257,766 | 913,829 |
| Commitments and contingent liabilities (Note 11) | ||
| Redeemable noncontrolling interests | 23,601 | 18,133 |
| Stockholders' equity | ||
| Common stock $0.0001 par value; 988,591,250 shares authorized as of September 30, 2023, and December 31, 2022; 158,989,953 and 158,904,401 shares issued and outstanding as of September 30, 2023, and December 31, 2022 | 16 | 16 |
| Additional paid-in capital | 482,634 | 470,004 |
| Accumulated deficit | (28,147) | (45,919) |
| Accumulated other comprehensive income | 11,430 | 0 |
| Total stockholders' equity | 465,933 | 424,101 |
| Noncontrolling interests | 37,139 | 20,825 |
| Total equity | 503,072 | 444,926 |
| Total liabilities, redeemable noncontrolling interests, and equity | 1,784,439 | 1,376,888 |
| Related Party | ||
| Current liabilities: | ||
| Other current liabilities | 53 | 112 |
| Nonrelated Party | ||
| Current liabilities: | ||
| Other current liabilities | $ 8,623 | $ 3,937 |
| CEO | Mr. Lars R. Norell |
|---|---|
| WEBSITE | www.altuspower.com |
| EMPLOYEES | 59 |