Altus Power price target lowered to $12 from $15 at Evercore ISI

Evercore ISI lowered the firm’s price target on Altus Power to $12 from $15 and keeps an Outperform rating on the shares after updating the firm’s model. Altus is a developer, owner, and operator of large scale solar, energy storage, and EV charging systems and its pipeline "remains strong," Evercore tells investors. While Altus has executed on approximately 328 MW from its pipeline, it still has over 1 GW of future opportunities, the firm says.