Roth MKM analyst Justin Clare reiterates a Buy rating on Altus Power with a $4.50 price target after the company announced a formal review of strategic alternatives to unlock shareholder value and optimize access to capital. The firm believes a take private transaction is likely being considered as one of the alternatives as management and the board see a disconnect between the public share price and intrinsic value. Infrastructure funds as well as private equity funds could participate in a transaction, the analyst tells investors in a research note.
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