The task today is to find three smart energy stocks for 2024. That’s easier said than done.One needs to define what “smart energy” actually means. According to CNET.com, smart energy systems enable consumers to remotely save money on their electricity bills, optimize their solar panels, and provide a thorough understanding of their home’s energy consumption. All three of these things can be obtained through an app on your phone that provides real-time data about your energy usage.Who provides this kind of s ...

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the signing and closing of approximately 84 MWs of commercial-scale solar arrays from Vitol, the largest independent energy trader globally, for total proceeds of approximately $118 million. The acquisition adds thousands of new long-term Community Solar, school district and other enterprise customers served by a mix of rooftop, ground and carport arrays to Altus Power’s ...

The oil market has been on a roller coaster ride in the past few years, with prices fluctuating wildly due to various factors like pent-up travel demand post-COVID and geopolitical tensions between Western nations and Russia. Brent crude prices are now sitting around $78/bbl, well below where it was in mid-September 2023, above $90/bbl. For now, crude oil prices are expected to stay on a downward trend, thanks to record U.S. production outweighing the OPEC+ production cuts. That will have varying impacts on ...

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton, Lars Norell, and other members of the Altus Power team will present at various industry conferences and investor meetings, including the Consumer Electronics Show (Jan. 11), the Carbon Risk Real Estate Monitor (CRREM) and United Nations Environment Programme Finance Initiative (UNEP FI) webinar series (Jan. 16), and the 26th Annual Needham Grow ...

Altus Power, Inc. (NYSE:AMPS) Q3 2023 Earnings Conference Call November 13, 2023 8:30 AM ET Company Participants Chris Shelton - Head, IR Gregg Felton - Co-Founder and Co-CEO Julia Sears - Chief Digital Officer Dustin Weber - CFO Lars Norell - Co-Founder and Co-CEO Conference Call Participants Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM James West - Evercore ISI Chris Souther - B. Riley Securities Operator Ladies and gentlemen, good morning, and welcome to the Altus Power Third Quarter 2023 Earn ...

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 September 30, 2023 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 jurisdict ...

Financial Data and Key Metrics Changes - The company reported operating revenues of $46.5 million for Q2 2023, an 88% increase compared to $24.8 million in Q2 2022 [7][16] - Net income for the quarter was $3.4 million, a decrease from $21.6 million in Q2 2022, primarily due to non-cash fair value remeasurements [16] - Adjusted EBITDA reached $30.6 million, a 120% increase from $13.9 million in Q2 2022, with adjusted EBITDA margins growing to 66% from 56% [16][17] Business Line Data and Key Metrics Changes - The company has grown to be the largest owner of commercial solar arrays in the U.S., with a portfolio of nearly 700 megawatts as of the end of Q2 2023 [8][10] - The construction activity for 2023 is on track, with 20 megawatts of newly developed assets completed, aiming for a total of 75 megawatts by year-end [12][13] Market Data and Key Metrics Changes - Community Solar has emerged as a significant growth driver, allowing the company to maximize array sizes and sell excess power to residential subscribers [9][10] - The company has established exclusive agreements with large customers, such as High Street, which owns a portfolio of approximately 140 logistics facilities [9] Company Strategy and Development Direction - The company aims to expand its footprint and develop additional products and services through long-term funding and strategic partnerships with firms like Blackstone and CBRE [8][20] - The focus on Community Solar initiatives is expected to enhance customer relationships and increase the customer base, with no signs of slowdown in this market segment [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2023 guidance range of $97 million to $103 million in adjusted EBITDA, supported by strong performance in the first half of the year [17][18] - The company is well-positioned to finance new projects at competitive rates, with expectations for continued cash generation and reinvestment into the business [19] Other Important Information - The company issued its second Annual Sustainability Report, highlighting its commitment to corporate social responsibility and value creation for stakeholders [20] - The company has a robust acquisition pipeline, with opportunities arising from channel partners and existing asset owners facing capital constraints [38] Q&A Session Summary Question: Community Solar opportunity leveraging real estate footprint - Management discussed the potential to build larger solar arrays on large rooftops, with Community Solar enhancing corporate relationships and providing power to tenants [23][26] Question: Construction timelines and supply chain challenges - Management provided updates on construction timelines, indicating that 55 to 60 megawatts in construction would not be completed this year, with a focus on moving assets into construction for 2024 [32][35] Question: Acquisition strategy in a higher interest rate environment - Management noted that tightening capital markets are advantageous, with an increasing flow of opportunities from channel partners and existing asset owners [37][38] Question: Interconnection process and conversion rates - Management highlighted a near 100% yield on interconnection applications, with all deals in the 55-megawatt bucket having interconnection approvals [48][50] Question: Key drivers for EBITDA guidance - Management indicated that executing on business operations and managing costs effectively are the main drivers for achieving the EBITDA guidance range [52][54]

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, 2023 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, Inc. (NYSE:AMPS) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Chris Shelton - Head of Investor Relations Gregg Felton - Co-Founder & Co-Chief Executive Officer, Altus Power Dustin Weber - Chief Financial Officer Lars Norell - Co-Founder & Co-Chief Executive Officer, Altus Conference Call Participants James West - Evercore ISI Andrew Percoco - Morgan Stanley Justin Clare - ROTH MKM Christopher Souther - B. Riley Jon Windham - UBS Operator Good morning, and welcom ...

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, 2023 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 ...