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Complete financial analysis of Altus Power, Inc. (AMPS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Altus Power, Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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Altus Power, Inc. (AMPS)
About Altus Power, Inc.
Altus Power, Inc. operates as a clean electrification company in the United States. It is involved in the on-site solar generation for commercial, industrial, and public customers; community solar; energy storage; and electric vehicle charging businesses. The company was founded in 2009 and is based in Stamford, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 155.16M | 101.16M | 71.80M | 45.28M | 37.43M |
| Cost of Revenue | 29.64M | 17.53M | 14.03M | 9.66M | 6.78M |
| Gross Profit | 125.53M | 83.63M | 57.77M | 35.62M | 30.65M |
| Gross Profit Ratio | 80.90% | 82.67% | 80.46% | 78.66% | 81.88% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 47.44M | 34.43M | 16.92M | 10.14M | 8.95M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 47.44M | 34.43M | 16.92M | 10.14M | 8.95M |
| Other Expenses | 0.00 | 29.60M | 20.97M | 11.93M | 0.00 |
| Operating Expenses | 105.90M | 64.03M | 37.88M | 22.08M | 15.74M |
| Cost & Expenses | 135.53M | 81.56M | 51.91M | 31.74M | 22.52M |
| Interest Income | 0.00 | 19.76M | 19.93M | 1.01K | 22.29M |
| Interest Expense | 47.49M | 22.16M | 19.93M | 14.07M | 0.00 |
| Depreciation & Amortization | 53.63M | 33.20M | 22.67M | 11.93M | 8.21M |
| EBITDA | 74.46M | 108.61M | 47.26M | 24.20M | 21.70M |
| EBITDA Ratio | 47.99% | 113.13% | 63.54% | 55.69% | 57.96% |
| Operating Income | 20.86M | 84.84M | 24.66M | 12.53M | 13.49M |
| Operating Income Ratio | 13.45% | 83.87% | 34.34% | 27.67% | 36.03% |
| Total Other Income/Expenses | -47.52M | -31.60M | -20.74M | -14.33M | -20.86M |
| Income Before Tax | -26.66M | 53.24M | 13.30M | -1.80M | -7.38M |
| Income Before Tax Ratio | -17.18% | 52.63% | 18.52% | -3.98% | -19.70% |
| Income Tax Expense | -683.00K | 1.08M | 295.00K | 83.00K | 1.19M |
| Net Income | -9.36M | 55.44M | 13.01M | -1.89M | -6.12M |
| Net Income Ratio | -6.03% | 54.80% | 18.11% | -4.17% | -16.35% |
| EPS | -0.06 | 0.36 | 0.08 | -0.04 | 0.00 |
| EPS Diluted | -0.06 | 0.35 | 0.08 | -0.04 | 0.00 |
| Weighted Avg Shares Out | 158.70M | 154.65M | 153.65M | 42.26M | 0.00 |
| Weighted Avg Shares Out (Dil) | 158.70M | 155.71M | 153.65M | 42.26M | 0.00 |
Altus Power Strengthens its Presence in Maine with Operationalization of Three New Community Solar Projects
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the acquisition of three operational projects in Maine, adding a total of 12.8 MWs to its growing presence in the Pine Tree State. Purchased...
Altus Power to Attend Key Industry Conferences
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Gregg Felton, CEO will be participating in various industry conferences in early December, including a fireside chat at the Jefferies Renewables &...
Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy
STAMFORD, Conn. & ROCKVILLE, Md.--(BUSINESS WIRE)--Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete...
Altus Power, Inc. (AMPS) Q3 2024 Earnings Call Transcript
Altus Power, Inc. (NYSE:AMPS ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Alison Sternberg - Head of Investor Relations Gregg Felton - Chief Executive Officer Dustin Weber - Chief Financial Officer Conference Call Participants...
Altus Power, Inc. (AMPS) Q3 Earnings and Revenues Surpass Estimates
Altus Power, Inc. (AMPS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.03 per share a year ago.
Altus Power, Inc. Announces Third Quarter 2024 Financial Results
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power,” “we,” “us,” “our” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for the third quarter of 2024. “Our third quarter performance reflects...
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Altus Power Operationalizes Three New Community Solar Projects in Maine
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the successful completion of three new solar projects in Maine, adding a total of 19.1 MWs to the company's expanding portfolio. By collaborating with...
Altus Power Names Skylar Werde as Head of Community Solar
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Skylar Werde has joined the company as Head of Community Solar. Werde, an executive with deep experience building and managing teams, will...
Altus Power (AMPS) Upgraded to Buy: Here's Why
Altus Power (AMPS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Source: https://incomestatements.info
Category: Stock Reports