Financial Snapshot

Revenue
$186.0M
TTM
Gross Margin
76.81%
TTM
Net Earnings
$35.78M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
60.12%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$583.8M
Q3 2024
Cash
Q3 2024
P/E
17.26
Nov 29, 2024 EST
Free Cash Flow
-$35.47M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $155.2M $101.2M $71.80M $45.28M $37.43M
YoY Change 53.38% 40.9% 58.58% 20.95%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $155.2M $101.2M $71.80M $45.28M $37.43M
Cost Of Revenue $29.64M $17.53M $14.03M $9.661M $6.784M
Gross Profit $125.5M $83.63M $57.77M $35.62M $30.65M
Gross Profit Margin 80.9% 82.67% 80.46% 78.66% 81.88%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $47.44M $34.43M $16.92M $10.14M $8.952M
YoY Change 37.78% 103.55% 66.77% 13.3%
% of Gross Profit 37.79% 41.17% 29.28% 28.48% 29.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.63M $31.00M $21.50M $11.90M $8.210M
YoY Change 72.99% 44.19% 80.67% 44.95%
% of Gross Profit 42.72% 37.07% 37.22% 33.41% 26.79%
Operating Expenses $103.3M $83.05M $37.76M $32.75M $17.16M
YoY Change 24.35% 119.95% 15.29% 90.83%
Operating Profit $22.26M $18.12M $34.04M $12.53M $13.49M
YoY Change 22.85% -46.79% 171.75% -7.12%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$47.49M $1.500M $400.0K -$14.07M -$22.29M
YoY Change -3265.73% 275.0% -102.84% -36.86%
% of Operating Profit -213.37% 8.28% 1.18% -112.34% -165.24%
Other Income/Expense, Net $3.848M $35.13M -$20.74M -$14.33M $2.291M
YoY Change -89.05% -269.36% 44.74% -725.53%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$26.66M $53.24M $13.30M -$1.804M -$7.375M
YoY Change -150.06% 300.32% -837.25% -75.54%
Income Tax -$683.0K $1.076M $295.0K $83.00K $1.185M
% Of Pretax Income 2.02% 2.22%
Net Earnings -$9.355M $55.44M $5.906M $6.793M -$4.367M
YoY Change -116.88% 838.66% -13.06% -255.55%
Net Earnings / Revenue -6.03% 54.8% 8.23% 15.0% -11.67%
Basic Earnings Per Share -$0.06 $0.36 $0.06 $0.08
Diluted Earnings Per Share -$0.06 $0.35 $0.06 $0.07 -$28.42K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $160.8M $193.0M $326.0M $33.83M $26.64M
YoY Change -16.68% -40.79% 863.53% 26.99%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $50.88M $8.610M $9.203M $5.213M $7.294M
YoY Change 490.94% -6.44% 76.54% -28.53%
Inventory
Prepaid Expenses
Receivables $17.10M $13.44M $9.218M $5.752M $2.030M
Other Receivables $0.00 $0.00 $0.00 $0.00 $3.000K
Total Short-Term Assets $228.8M $215.1M $344.4M $44.80M $35.97M
YoY Change 6.38% -37.55% 668.81% 24.55%
Property, Plant & Equipment $1.793B $1.100B $745.7M $519.4M $327.0M
YoY Change 63.04% 47.46% 43.57% 58.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.11M $14.58M $5.831M $5.611M $1.222M
YoY Change 44.79% 150.08% 3.92% 359.17%
Total Long-Term Assets $1.862B $1.162B $768.8M $536.8M $337.2M
YoY Change 60.23% 51.11% 43.24% 59.2%
Total Assets $2.090B $1.377B $1.113B $581.6M $373.1M
YoY Change
Accounts Payable $7.338M $2.740M $3.591M $1.571M $2.130M
YoY Change 167.81% -23.7% 128.58% -26.24%
Accrued Expenses $15.55M $7.775M $4.494M $2.665M $1.004M
YoY Change 99.95% 73.01% 68.63% 165.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $39.61M $29.96M $21.14M $35.21M $39.83M
YoY Change 32.22% 41.7% -39.95% -11.61%
Total Short-Term Liabilities $106.5M $68.23M $32.89M $43.45M $45.54M
YoY Change 56.11% 107.44% -24.3% -4.58%
Long-Term Debt $1.163B $634.6M $524.8M $353.9M $178.2M
YoY Change 83.31% 20.91% 48.29% 98.57%
Other Long-Term Liabilities $285.7M $200.0M $204.4M $15.87M $6.629M
YoY Change 42.85% -2.15% 1188.08% 139.36%
Total Long-Term Liabilities $1.449B $834.6M $729.2M $369.8M $184.9M
YoY Change 73.62% 14.45% 97.19% 100.03%
Total Liabilities $1.643B $952.8M $808.3M $456.6M $252.9M
YoY Change 72.47% 17.87% 77.04% 80.57%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 158.7M shares 154.6M shares 92.75M shares 88.74M shares
Diluted Shares Outstanding 158.7M shares 155.7M shares 96.60M shares 90.86M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $617.6 Million

About Altus Power, Inc.

Altus Power, Inc. is a clean electrification company, which engages in the development, ownership, construction, and operation of roof, ground, and carport-based photovoltaic solar energy generation and storage systems. The company is headquartered in Stamford, Connecticut and currently employs 93 full-time employees. The company went IPO on 2020-12-15. The firm originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. The company is a developer, owner and operator of large-scale roof, ground and carport-based photovoltaic (PV) and energy storage systems, serving commercial and industrial, public sector and community solar customers. Its portfolio consists of 896 megawatts (MW) of solar PV. The company has long-term power purchase agreements with approximately over 450 enterprise entities and contracts with over 20,000 residential customers which are serviced by over 240 MW of community solar projects in operation. Its community solar projects are serving customers in eight states. The firm also participates in numerous renewable energy credit (REC) programs throughout the country.

Industry: Electric Services Peers: PwrCor, Inc. Brookfield Renewable Corp Montauk Renewables, Inc. NEXTERA ENERGY PARTNERS, LP ORMAT TECHNOLOGIES, INC. Sunnova Energy International Inc.