Altus Power, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
Full Year 2024 Financial HighlightsFull year 2024 revenues of $196.3 million, a 26% increase compared to full year 2023GAAP net loss of $10.7 million for full year 2024, compared to net loss of $26.0 million for full year 2023Adjusted EBITDA* of $111.6 million for full year 2024, a 20% increase compared to full year 2023Adjusted EBITDA margin* of 57% for full year 2024, compared to 60% for full year 2023Business HighlightsSurpassed 1 GW in operating assetsCompleted ~56 MW of new-build assets and added ~96 MW of assets in operationSuccessfully structured an innovative tax equity transaction and partnership modelYear ending cash balance of $123 millionOn February 5, 2025, signed merger agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power”, the “Company” or “us”), a leading commercial scale provider of clean, electric power, today announced its financial results fo
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