Company research
Altus Power, Inc.
CIK 1828723Updated Sep 24, 2026
Securities
Name history
CBRE Acquisition Holdings, Inc. · through Dec 7, 2021
AMPS price & chart
Historical security
This listing closed Apr 15, 2025. Live provider charts are shown only for current listings.
About the company
Altus Power, based in Stamford, Conn., is a leading commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.
In the news
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Recent filings
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,090,349,000Source | 1,376,888,000Source | 1,113,249,000Source | 581,560,000Source |
| Property, Plant and Equipment, NetUSD | 1,619,047,000Source | 1,005,147,000Source | 745,711,000Source | 519,394,000Source |
| GoodwillUSD | — | — | 601,000Source | 0Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 160,817,000Source | 193,016,000Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 17,100,000Source | 13,443,000Source | 9,218,000Source | 5,752,000Source |
| Assets, CurrentUSD | 228,797,000Source | 215,069,000Source | 344,404,000Source | 44,797,000Source |
| Operating Lease, Right-of-Use AssetUSD | 173,804,000Source | 94,463,000Source | — | — |
| Other Assets, NoncurrentUSD | 7,831,000Source | 6,651,000Source | 4,037,000Source | 4,702,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,565,338,000Source | 913,829,000Source | 771,711,000Source | 424,254,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 16,000Source | 16,000Source | 15,000Source | 9,000Source |
| Additional Paid in CapitalUSD | 485,063,000Source | 470,004,000Source | 406,259,000Source | 205,772,000Source |
| Retained Earnings (Accumulated Deficit)USD | -55,274,000Source | -45,919,000Source | -101,356,000Source | -80,802,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 17,273,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | 447,078,000Source | 424,101,000Source | 304,918,000Source | 124,979,000Source |
| Liabilities and EquityUSD | 2,090,349,000Source | 1,376,888,000Source | 1,113,249,000Source | 581,560,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 106,510,000Source | 68,228,000Source | 32,891,000Source | 43,452,000Source |
| Operating Lease, Liability, CurrentUSD | 6,861,000Source | 3,339,000Source | — | — |
| Accounts Payable, CurrentUSD | 7,338,000Source | 2,740,000Source | 3,591,000Source | 1,571,000Source |
| Operating Lease, Liability, NoncurrentUSD | 180,701,000Source | 94,819,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 9,831,000Source | 11,011,000Source | 9,603,000Source | 11,001,000Source |
| Other Liabilities, NoncurrentUSD | 2,908,000Source | 4,700,000Source | 5,587,000Source | 6,774,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 51,889,000Source | 20,825,000Source | 21,093,000Source | 14,016,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 9,831,000Source | 11,011,000Source | 9,603,000Source | 11,001,000Source |
| Long-term Debt, Current MaturitiesUSD | 39,611,000Source | 29,959,000Source | 21,143,000Source | 35,209,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,163,307,000Source | 634,603,000Source | 524,837,000Source | 353,934,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 26,044,000Source | 18,133,000Source | 15,527,000Source | 18,311,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -25,973,000Source | 52,167,000Source | 13,005,000Source | -1,887,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 14,938,000Source | 9,404,000Source | 148,000Source | 82,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,493,000Source | 2,122,000Source | -162,000Source | 1,287,000Source |
| Increase (Decrease) in Accounts PayableUSD | 3,504,000Source | -1,126,000Source | 2,001,000Source | -1,477,000Source |
| Deferred Income Tax Expense (Benefit)USD | -715,000Source | 1,078,000Source | 219,000Source | 60,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 79,357,000Source | 35,242,000Source | 23,704,000Source | 12,296,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 432,441,000Source | 76,166,000Source | 201,175,000Source | 110,691,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -586,813,000Source | -163,212,000Source | -223,250,000Source | -171,342,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | -496,000Source | 36,000Source | -300,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 117,791,000Source | 77,223,000Source | 14,585,000Source | 36,677,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 526,985,000Source | -2,953,000Source | 491,661,000Source | 165,115,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | 0Source | 22,500,000Source |
| Repayments of Long-term DebtUSD | 51,114,000Source | 123,362,000Source | 160,487,000Source | 55,754,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 19,529,000Source | -130,923,000Source | 292,115,000Source | 6,069,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 218,927,000Source | 199,398,000Source | 330,321,000Source | 38,206,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 69,000Source | 73,000Source | 103,000Source | 38,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 14,984,000Source | 9,400,000Source | 100,000Source | 100,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 3,617,000Source | 3,018,000Source | 2,873,000Source | 2,538,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 536,000Source | 266,000Source | 174,000Source | 74,000Source |
| DepreciationUSD | 51,200,000Source | 31,000,000Source | 21,500,000Source | 11,900,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 53,627,000Source | 29,600,000Source | 20,967,000Source | 11,932,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -649,000Source | 2,222,000Source | 12,842,000Source | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | -116,000Source | -2,303,000Source | -3,245,000Source | 0Source |
| General and Administrative ExpenseUSD | 32,453,000Source | 25,026,000Source | 16,915,000Source | 10,143,000Source |
| GoodwillUSD | — | — | 601,000Source | 0Source |
| Income Tax Expense (Benefit)USD | -683,000Source | 1,076,000Source | 295,000Source | 83,000Source |
| Net Income (Loss) Attributable to ParentUSD | -9,355,000Source | 55,437,000Source | 5,906,000Source | 6,793,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -16,618,000Source | -3,270,000Source | 7,099,000Source | -8,680,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,355,000Source | 55,004,000Source | 5,816,000Source | 6,685,000Source |
| Nonoperating Income (Expense)USD | -43,754,000Source | 35,128,000Source | -20,742,000Source | -14,331,000Source |
| Operating ExpensesUSD | 138,064,000Source | 83,048,000Source | 37,758,000Source | 32,751,000Source |
| Operating Lease, ExpenseUSD | 2,036,000Source | 443,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -1,784,000Source | 3,926,000Source | -245,000Source | -258,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 579,627,000Source | 124,697,000Source | 311,053,000Source | 205,808,000Source |
| Proceeds from Noncontrolling InterestsUSD | 35,282,000Source | 6,097,000Source | 3,846,000Source | 23,927,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | 324,000Source | -82,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 155,162,000Source | 101,163,000Source | 71,800,000Source | 45,278,000Source |
| Operating Income (Loss)USD | 17,098,000Source | 18,115,000Source | 34,042,000Source | 12,527,000Source |
| Other Nonoperating Income (Expense)USD | -1,784,000Source | 3,926,000Source | -245,000Source | -258,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -26,656,000Source | 53,243,000Source | 13,300,000Source | -1,804,000Source |
| Income Tax Expense (Benefit)USD | -683,000Source | 1,076,000Source | 295,000Source | 83,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -16,618,000Source | -3,270,000Source | 7,099,000Source | -8,680,000Source |
| Net Income (Loss) Attributable to ParentUSD | -9,355,000Source | 55,437,000Source | 5,906,000Source | 6,793,000Source |
| Earnings Per Share, BasicUSD per share | -0.06Source | 0.36Source | 0.06Source | 0.08Source |
| Earnings Per Share, DilutedUSD per share | -0.06Source | 0.35Source | 0.06Source | 0.07Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 158,699,959Source | 154,648,788Source | 92,751,839Source | 88,741,089Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 158,699,959Source | 155,708,993Source | 96,603,428Source | 90,858,718Source |
| Additional Financial Items | ||||
| Business Combination, Acquisition Related CostsUSD | 4,508,000Source | 3,629,000Source | 1,489,000Source | 1,015,000Source |
| Current Income Tax Expense (Benefit)USD | 32,000Source | -2,000Source | 76,000Source | 23,000Source |
| General and Administrative ExpenseUSD | 32,453,000Source | 25,026,000Source | 16,915,000Source | 10,143,000Source |
| Interest ExpenseUSD | — | 1,500,000Source | 400,000Source | — |
| Interest Income (Expense), NetUSD | -47,486,000Source | -22,162,000Source | -19,933,000Source | -14,073,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -9,355,000Source | 55,004,000Source | 5,816,000Source | 6,685,000Source |
| Nonoperating Income (Expense)USD | -43,754,000Source | 35,128,000Source | -20,742,000Source | -14,331,000Source |
| Operating ExpensesUSD | 138,064,000Source | 83,048,000Source | 37,758,000Source | 32,751,000Source |
| Operating Lease, ExpenseUSD | 2,036,000Source | 443,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 29,636,000Source | 17,532,000Source | 14,029,000Source | 9,661,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 433,000Source | 90,000Source | 108,000Source |
Filing attachments
d870221dex991.htm · 8-K · 2025-04-16
EX-99.1 5 d870221dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Altus Power Closes Transaction with TPG Stamford, Conn. - April 16, 2025 - Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), a leading commercial-scale provider of clean, electric power, today announced the completion of its acquisition by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash transaction that valued the Company at approximately $2.2 billion, including outstanding debt. As …
Read attachment ↗d944443dex991.htm · 8-K · 2025-04-09
EX-99.1 2 d944443dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Altus Power Stockholders Approve Agreement to be Acquired by TPG April 9, 2025 STAMFORD, Conn. - (BUSINESS WIRE) - Altus Power, Inc. (NYSE: AMPS) (“Altus Power”) today announced that, at a special meeting of the stockholders held earlier today, Altus Power’s stockholders voted to adopt the previously announced definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy …
Read attachment ↗d841510dex991.htm · 8-K · 2025-03-17
EX-99.1 2 d841510dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Altus Power, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results Full Year 2024 Financial Highlights Full year 2024 revenues of $196.3 million, a 26% increase compared to full year 2023 GAAP net loss of $10.7 million for full year 2024, compared to net loss of $26.0 million for full year 2023 Adjusted EBITDA* of $111.6 million for full year 2024, a 20% increase compared to full year 2023 Adjusted EBITDA…
Read attachment ↗d929928dex991.htm · 8-K · 2025-02-06
EX-99.1 4 d929928dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Altus Power Announces Agreement to be Acquired by TPG Stamford, Conn.-February 6, 2025-Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5.00 per share of its Class A common stock in an all-cash transaction that valu…
Read attachment ↗