Altus Power price target lowered to $4.50 from $5.50 at Maxim

Maxim lowered the firm’s price target on Altus Power to $4.50 from $5.50 and keeps a Buy rating on the shares. The firm is adjusting its model after the company’s guidance cut but also notes that Altus continues to have a meaningful amount of solar project development opportunities as the company maintained 3-year growth guidance, the analyst tells investors in a research note.