StockNews.AI
AMPS
StockNews.AI
3 hrs

Altus Power Expands Florida Footprint with Acquisition of Three Operating Projects from Origis Energy

1. Altus Power acquires three Florida solar projects totaling 8.6 MWs. 2. Projects under long-term PPAs, bolstering Altus's market position.

M&A
0%Current Return
VS
-0.5%S&P 500
$4.9910/07 09:07 AM EDTEvent Start
$4.9910/07 11:59 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

The acquisition enhances Altus Power's revenue-generating assets, similar to successful past growth strategies.

How important is it?

The acquisition strengthens Altus's operational capacity, leading to heightened investor confidence and potential price appreciation.

Why Short Term?

Immediate revenue benefits from existing PPAs will positively influence the stock short-term.

Related Companies

ORACNRGSPWR
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, a nationwide leading provider of commercial-scale power, today announced the acquisition of three ground-mounted solar projects in Florida, totaling 8.6 MWs. The projects were purchased from Origis Energy and are already generating and delivering reliable power to a local utility through long-term power purchase agreements (PPAs). “We've built a strong reputation for execution and responsible stewardship of the projects we acquire. This acquisition.

Related News