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Altus Power Acquires Ten Maryland Community Solar Projects, Totaling 58.4 MW, from Prospect14

1. Altus Power acquires 58.4 MW solar projects from Prospect14. 2. New projects enhance AMPS's clean energy portfolio and growth potential.

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FAQ

Why Bullish?

The acquisition of 58.4 MW projects boosts AMPS's portfolio. Historical trends show that successful renewable energy expansions have positively impacted stock prices.

How important is it?

The acquisition significantly strengthens AMPS's market position in renewable energy, likely attracting investor interest.

Why Long Term?

The development of community solar projects will drive growth and revenue over years. Similar past acquisitions led to sustained stock appreciation in renewable sectors.

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SPWRNEESEDG
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a leading distributed solar energy development firm. In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement in which Prospect14 will complete the development of the solar projects. Once operati.

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