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0 -0.00224574911774131 0.000962463907603501 -0.00224574911774131 -0.00224574911774131 0.0266281681103626 0.000962463907603501 0.00417067693294846
Stock impact report

Altus Power Announces Ongoing Review of Strategic Alternatives [Yahoo! Finance]

Altus Power, Inc. Class A (AMPS) 
Company Research Source: Yahoo! Finance
"Our goal is to ensure that Altus Power is structured for long-term success in a growth industry with strong secular tailwinds and large market opportunity," said Gregg Felton, Chief Executive Officer of Altus Power. "The ongoing disconnect between the share price and our view of intrinsic value gives the Board and management confidence that exploring alternative ownership structures is a prudent course to maximize value for our investors, partners, customers and employees," said Christine Detrick, Board Chair of Altus Power. As part of this strategic evaluation, Altus Power reaffirms its guidance for fiscal year 2024. Altus Power has retained Moelis & Company LLC and Latham & Watkins to assist with this review and expects the process to be completed by the first half of 2025. Altus Power does not intend to comment further until the Board has approved a specific transaction, the process has otherwise concluded, or the company has otherwise determined that further disclosure is Show less Read more
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