Altus Power, Inc. Class A Common Stock (AMPS)

BALA CYNWYD, Pa., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altus Power, Inc. (NYSEAMPS) to TPG. Under the terms of the proposed transaction, shareholders of Altus will receive $5.00 in cash for each share of Altus that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Ademi & Fruchter LLP is investigating Altus Power (NYSEAMPS) for possible breaches of fiduciary duty and other violations of law in its transaction with TPG Rise Climate.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Altus Power, Inc. (“Altus Power,” or “the Company”) (NYSEAMPS) for potential breaches of fiduciary duty on the part of its directors and management.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Altus Power, Inc. (NYSEAMPS) to TPG for $5.00 per share is fair to Altus shareholders.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 values the Company at approximately $2.2 billion, including outstanding debt. Upon completion of the transaction, Altus Power’s Class A common stock will no longer be listed or traded on the New York Stock Exchange, and Altus Power will become a privately-held company.

Altus Power (NYSEAMPS), the largest commercial-scale provider of clean electric power, today announced the completion of a 1.7 MW rooftop solar project at 700 Crocker Drive in Vacaville, CA, an 839,000 square foot distribution center. The solar array, part of California’s Net Energy Metering 2.0 program, is designed to meet nearly 80% of the distribution center’s annual energy consumption, providing the power it generates at a discounted rate. It is also expected to reduce emissions by 1,000 metric tons of CO2 annually and 35,000 metric tons over its useful life.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced the completion of a new 760kW solar system in Cherry Valley, Illinois, in conjunction with a real estate development partner. The benefits of the clean electric power generated by the array will be delivered under a long-term contract to the tenant, helping to decarbonize its operations at the site, as well as supporting the Illinois Shines program.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 10.5-megawatt solar project on three modern logistics buildings in New Jersey totaling more than 1.1 million sq. ft., developed by Trammell Crow Company (TCC) and CBRE Investment Management (CBRE IM). Upon completion, the benefits of the clean electric power generated from the solar array will be made available to CBRE IM tenants and local New Jersey residents through the Altus Power Community Solar program, part of the New Jersey Community Solar Energy Program.

Altus Power (NYSEAMPS), 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 from multiple developers, the late-stage development projects are part of the company’s strategic focus on acquiring operational assets that provide immediate benefits to local communities.

Altus Power (NYSEAMPS), 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 & Clean Energy Conference (Dec. 4) and a panel discussion at the Bank of America Clean Energy Symposium (Dec. 5), both in New York.

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 development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland’s Community Solar Energy Generating Systems (CSEGS) pilot program.

Altus Power, Inc. (NYSEAMPS) (“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.

Altus Power (NYSEAMPS), 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 multiple development partners, Altus Power has streamlined operations, consolidating these projects to become the sole owner producing enhanced operational efficiency within Maine.

Altus Power (NYSEAMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the third quarter of 2024 after the closing of the New York Stock Exchange on Tuesday, November 12, 2024.

Altus Power (NYSEAMPS), 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 oversee the entire Altus Power Community Solar business, both B2B and B2C, including team management, strategy, revenue, customer acquisition, marketing and customer support.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced that a formal review of strategic alternatives has been underway by its Board of Directors. The goal of the comprehensive review is to assess and determine the strategic alternatives that will unlock shareholder value and optimize access to capital for the company.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced that its nationwide portfolio of assets in operation topped one gigawatt. The market leader in commercial solar now operates more than 500 projects across 25 states and has expanded its Community Solar program to nine states, with more than 25,000 subscribers.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 1.6 megawatt solar project at the San Manuel Landing, a 1.1 million square foot Class-A logistics center located in San Bernardino, Calif. Altus originated the project in conjunction with its partner, Trammell Crow Company, which developed the San Manuel Landing with the San Manuel Band of Mission Indians (SMBMI).

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced the successful structuring of a groundbreaking tax equity transaction and partnership model with its existing partners. This transaction marks a significant evolution for Altus Power, which maximizes market efficiency and competitiveness in structuring renewable energy project financings.

Altus Power (NYSEAMPS), the largest commercial-scale provider of clean electric power in the US, today released its 2023 Sustainability Report "Renewable Energy, Responsible Practices," highlighting the company’s progress over the past year in its Environmental, Social and Governance initiatives.

Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, today announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. The clean electric power generated by the ground-mounted systems will benefit local municipalities, including the City of Pueblo, Pueblo Community College and the Pueblo County School District, through the Altus Power Community Solar program, part of the Black Hills Energy Colorado community solar program.

In the city that never sleeps, every New York minute counts. And now, in just a minute, you can make a lasting impact on your energy bill and the environment. Say hello to Altus Power Community Solar, the no-strings-attached way to power your community with the benefits of clean, renewable energy. Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, is offering slots to both renters and homeowners who are looking for opportunities to save on their annual utility costs while supporting New York’s transition to clean electric power.

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