As previously reported, Evercore ISI analyst James West initiated coverage of Altus Power (AMPS) with an Outperform rating and $15 price target, arguing that the developer, owner, and operator of large-scale solar, energy storage, and EV charging systems "stands out in the clean energy universe" for its positive EBITDA generation, ability to scale its platform, and "differentiated key relationships that enable a much lower customer acquisition cost." Altus’ key Blackstone (BX) and CBRE (CBRE) relationships are "a huge competitive advantage" that will allow Altus to complete projects across the U.S. without having to carry the cost of building local construction teams and project field management offices, West tells investors.
Published first on TheFly
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