Altus Power (DB:8770) - Stock Price, News & Analysis

8770 Stock Overview

A clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems.

About the company

8770 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	2/6
Financial Health	0/6
Dividends	0/6

Rewards

Revenue is forecast to grow 18.53% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 53.2% per year for the next 3 years

Large one-off items impacting financial results

Volatile share price over the past 3 months

Altus Power, Inc. Competitors

7C Solarparken

XTRA:HRPK

€183.5m

clearvise

XTRA:ABO

€141.3m

Encavis

XTRA:ECV

€2.8b

ABO Energy GmbH KGaA

XTRA:AB9

€419.6m

Price History & Performance

Summary of all time highs, changes and price drops for Altus Power
Historical stock prices
Current Share Price	US$2.62
52 Week High	US$6.65
52 Week Low	US$2.54
Beta	1.0
11 Month Change	-32.82%
3 Month Change	-25.14%
1 Year Change	-52.36%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-60.32%

Recent updates

Shareholder Returns

	8770	DE Renewable Energy	DE Market
7D	-0.8%	0.7%	1.4%
1Y	-52.4%	-45.7%	5.2%

Return vs Industry: 8770 underperformed the German Renewable Energy industry which returned -45.7% over the past year.

Return vs Market: 8770 underperformed the German Market which returned 5.2% over the past year.

Price Volatility

Is 8770's price volatile compared to industry and market?
8770 volatility
8770 Average Weekly Movement	9.5%
Renewable Energy Industry Average Movement	5.7%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.1%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: 8770's share price has been volatile over the past 3 months.

Volatility Over Time: 8770's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2013	93	Gregg Felton	www.altuspower.com

Altus Power, Inc., a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc. was founded in 2013 and is headquartered in Stamford, Connecticut.

Altus Power, Inc. Fundamentals Summary

How do Altus Power's earnings and revenue compare to its market cap?
8770 fundamental statistics
Market cap	€407.18m
Earnings (TTM)	€20.87m
Revenue (TTM)	€155.03m

19.5x

P/E Ratio

2.6x

P/S Ratio

Is 8770 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8770 income statement (TTM)
Revenue	US$172.39m
Cost of Revenue	US$38.27m
Gross Profit	US$134.12m
Other Expenses	US$110.91m
Earnings	US$23.21m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	77.80%
Net Profit Margin	13.46%
Debt/Equity Ratio	222.6%

How did 8770 perform over the long term?

See historical performance and comparison

8770 Stock Overview

Rewards

Risk Analysis

Altus Power, Inc. Competitors

XTRA:HRPK

€183.5m

XTRA:ABO

€141.3m

XTRA:ECV

€2.8b

XTRA:AB9

€419.6m

Price History & Performance

Recent News & Updates

Investor sentiment deteriorates as stock falls 15%

Second quarter 2024 earnings released: EPS: US$0.23 (vs US$0.043 in 2Q 2023)

Altus Power, Inc. Revises Earnings Guidance for the Year 2024

Richard A. Shapiro Joins Board of Directors of Altus Power, Inc

CEO & Director recently bought €122k worth of stock

CEO & Director recently bought €297k worth of stock

Recent updates

Investor sentiment deteriorates as stock falls 15%

Second quarter 2024 earnings released: EPS: US$0.23 (vs US$0.043 in 2Q 2023)

Altus Power, Inc. Revises Earnings Guidance for the Year 2024

Richard A. Shapiro Joins Board of Directors of Altus Power, Inc

CEO & Director recently bought €122k worth of stock

CEO & Director recently bought €297k worth of stock

New major risk - Revenue and earnings growth

Altus Power, Inc. Reaffirms Revenue Guidance for the Year 2024

Altus Power, Inc. Reaffirms Revenue Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.047 (vs US$0.035 in 1Q 2023)

Altus Power, Inc. Announces CEO Changes

Altus Power, Inc. to Report Q1, 2024 Results on May 09, 2024

Altus Power, Inc., Annual General Meeting, May 22, 2024

New major risk - Share price stability

Full year 2023 earnings released: US$0.059 loss per share (vs US$0.36 profit in FY 2022)

Altus Power Announces Appointment of Robert Bernard, to Board of Directors

Investor sentiment improves as stock rises 21%

Altus Power, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024

Altus Power, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024

Altus Power, Inc. (NYSE:AMPS) acquired Project Hyperion, Llc from Basalt Infrastructure Partners LLC and Soltage, LLC.

Altus Power, Inc. (NYSE:AMPS) agreed to acquire Unico Solar Investors LLC.

Investor sentiment improves as stock rises 16%

Altus Power Unveils Altus IQ

Third quarter 2023 earnings released: EPS: US$0.034 (vs US$0.63 loss in 3Q 2022)

Altus Power, Inc. Announces Appointment of Tina Chan Reich to Board of Directors

Altus Power, Inc. to Report Q3, 2023 Results on Nov 13, 2023

Co-Founder & Chief Construction Officer recently sold €426k worth of stock

Altus Power, Inc. Announces Resignation of Sarah Coyne as a Member of the Board of Directors and a Member of the Audit Committee and of the Nominating and Corporate Governance Committee

Second quarter 2023 earnings released: EPS: US$0.043 (vs US$0.16 in 2Q 2022)

Altus Power, Inc. (NYSE:AMPS) acquired 10 MW solar array with energy storage in Holliston, MA.

Altus Power, Inc. to Report Q2, 2023 Results on Aug 14, 2023

Director recently bought €306k worth of stock

Co-Founder recently bought €95k worth of stock

Co-Founder recently bought €307k worth of stock

First quarter 2023 earnings released: EPS: US$0.035 (vs US$0.39 in 1Q 2022)

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2022 earnings released: EPS: US$0.36 (vs US$0.063 in FY 2021)

Altus Power, Inc. to Report Fiscal Year 2022 Results on Mar 30, 2023

Altus Power, Inc. (NYSE:AMPS) completed the acquisition of 220 megawatts solar assets from True Green Capital Management LLC.

High number of new and inexperienced directors

Altus Power, Inc. Appoints Sophia Lee as Chief Sustainability Officer

Altus Power, Inc. Announces Appointment of Diane Brink to Board of Directors

Altus Power, Inc. (NYSE:AMPS) agreed to acquire 220 megawatts solar assets from True Green Capital Management LLC for approximately $290 million.

High number of new and inexperienced directors

Altus Power, Inc. to Report Q3, 2022 Results on Nov 14, 2022

High number of new and inexperienced directors

Altus Power, Inc. has completed a Follow-on Equity Offering in the amount of $80.5 million.

Altus Power, Inc. has completed a Follow-on Equity Offering in the amount of $80.5 million.

Altus Power, Inc. (NYSE:AMPS) signed a definitive agreements to acquire 88 Megawatts of Operating Solar Assets.

Investor sentiment improved over the past week

Altus Power, Inc. Announces the Addition of Greg Roer as Managing Director

Investor sentiment improved over the past week

Second quarter 2022 earnings released

Investor sentiment improved over the past week

Altus Power, Inc. to Report Q2, 2022 Results on Aug 15, 2022

Investor sentiment improved over the past week

High number of new and inexperienced directors

Shareholder Returns