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Altus Power(AMPS) - 2024 Q2 - Earnings Call Transcript
2024-08-08 22:45
Altus Power, Inc. (NYSE:AMPS) Q2 2024 Earnings Conference Call August 8, 2024 4:30 AM ET Company Participants Alison Sternberg - Head, Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Conference Call Participants James West - Evercore ISI Justin Clare - ROTH Capital Partners Vikram Bagri - Citigroup Jeffrey Campbell - Seaport Research Partners Operator Good afternoon. And welcome to the Altus Power Second Quarter 2024 Conference Call. As a reminder, today’s ca ...
Altus Power(AMPS) - 2024 Q2 - Quarterly Report
2024-08-08 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 ALTUS POWER, INC. (Exact name of registrant as specified in its charter) Delaware 85-3448396 (State or other jurisdiction o ...
Altus Power(AMPS) - 2024 Q2 - Quarterly Results
2024-08-08 20:13
Altus Power, Inc. Announces Second Quarter 2024 Financial Results Second Quarter Financial Highlights • Second quarter 2024 revenues of $52.5 million, a 13% increase as compared to second quarter 2023 • GAAP net income of $33.1 million for second quarter 2024, as compared to $3.4 million for second quarter 2023 • Adjusted EBITDA* of $31.2 million for second quarter 2024, or a 2% increase as compared with second quarter 2023 Recent Business Highlights • Increased portfolio size by 42% as compared to second q ...
STARTUP VETERAN AND STRUCTURED FINANCE PIONEER LARS NORELL JOINS EDLY AS EXECUTIVE CHAIRMAN
Prnewswire· 2024-06-18 11:18
Former Altus Power Co-CEO Adds to the Leadership of Rapidly-Growing Student Finance Firm NEW YORK, June 18, 2024 /PRNewswire/ -- Edly, Inc. – a leading fintech platform that allows investors to participate in funding solutions for students and college athletes – today announced the appointment of Lars Norell as Executive Chairman. In this capacity, Norell, the founder and former co-CEO of Altus Power (NYSE: AMPS), will provide added leadership to Edly as it continues to rapidly expand its innovative funding ...
3 Millionaire-Maker Penny Stocks Set to Surge by 1,000%: June Edition
Investor Place· 2024-06-14 12:30
By now, you know the dangers of “millionaire-maker penny stocks.”Whenever we even mention a penny stock, we add a disclaimer at the end of articles. We remind you of the US SEC warning that simply says:“Penny stocks may trade infrequently — which means that it may be difficult to sell penny stock shares once you have them. Because it may also be difficult to find quotations for penny stocks, they may be impossible to accurately price. Investors in penny stock[s] should be prepared for the possibility that t ...
Stock Market Crash Warning: Don't Get Caught Holding These 3 Solar Stocks
investorplace.com· 2024-05-20 10:32
Solar energy companies often create solar panel products so both individual consumers and businesses can harness the sun’s energy. With all the government support solar energy firms have enjoyed over the past decade, nothing could have prepared them for current volatile non-renewable energy prices and elevated interest rates. This is leading to there being many solar stocks to sell. The performance of the Global X Solar ETF (NASDAQ:RAYS) underscores how tough its has been for solar stocks over the past 12 m ...
Altus Power(AMPS) - 2024 Q1 - Earnings Call Transcript
2024-05-12 00:35
Altus Power, Inc. (NYSE:AMPS) Q1 2024 Results Conference Call May 9, 2024 4:30 AM ET Company Participants Chris Shelton - Head of Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Alison Sternberg - Head of Investor Relations Conference Call Participants Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM Chris Souther - B. Riley Tate Sullivan - Maxim Group Operator Good afternoon, and welcome to the Altus Power First Quarter 2024 Conference Call. As a remi ...
Altus Power, Inc. (AMPS) Reports Q1 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-05-09 23:11
Altus Power, Inc. (AMPS) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.04, delivering a surprise of -100%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Altus Power, which belongs to the Za ...
Altus Power(AMPS) - 2024 Q1 - Quarterly Report
2024-05-09 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 ALTUS POWER, INC. (Exact name of registrant as specified in its charter) Delaware 85-3448396 (State or other jurisdiction ...
Altus Power(AMPS) - 2024 Q1 - Quarterly Results
2024-05-09 20:11
Altus Power, Inc. Announces First Quarter 2024 Financial Results First Quarter Financial Highlights • First quarter 2024 revenues of $40.7 million, a 38% increase as compared to first quarter 2023 • GAAP net income of $4.1 million for first quarter 2024, an increase as compared to $3.8 million for first quarter 2023 • Adjusted EBITDA* of $19.7 million for first quarter 2024, or a 23% increase as compared with first quarter 2023 Recent Business Highlights • Added ~4,000 Community Solar customers, bringing to ...