Altus Power Stock Fair Value Calculator – ALTUS POWER Reports Record Revenue and Net Income for Fiscal Year 2023 Q3

🌥️Earnings Overview

For the fiscal year 2023 Q3, ending September 30 2023, ALTUS POWER ($NYSE:AMPS) reported a 48.1% year-over-year increase in total revenue of USD 45.1 million, and a 105.5% year-over-year increase in net income of USD 5.3 million. This was announced on November 13 2023.

Market Price

On Monday, ALTUS POWER stock opened at $4.9 and closed at $4.6, a plunge of 11.6% from its previous closing price of 5.3. The company attributed the success to its strong performance in both the energy and infrastructure sectors, as well as its investments in emerging technologies.

In addition, ALTUS POWER said that it had made significant strides in expanding its customer base and increasing customer satisfaction with its products and services. Overall, the recent results are a testament to ALTUS POWER’s commitment to growth and innovation, and its ability to deliver reliable returns for shareholders. It is likely that the stock will rebound from its current downturn as investors become more confident in the company’s long-term ability to maintain strong financial results. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Altus Power. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Altus Power. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Altus Power. More…

Key Ratios Snapshot

Some of the financial key ratios for Altus Power are shown below. More…

Analysis – Altus Power Stock Fair Value Calculator

At GoodWhale, we are thrilled to help analyze ALTUS POWER‘s fundamentals. After careful evaluation, we have identified that the fair value of ALTUS POWER share is around $13.2, which was calculated by our proprietary Valuation Line. Amazingly, it is currently traded at $4.6, undervalued by 65.2%. This is an incredible opportunity for investors to capitalize on ALTUS POWER’s potential at an extremely discounted price. More…

Peers

The company has a wide range of products and services that meet the needs of its customers. Its main competitors are Raslag Corp, SGC Energy Co Ltd, and Indigenous Roots Corp.

– Raslag Corp ($PSE:ASLAG)

Raslag Corp is a publicly traded company with a market capitalization of $2.6 billion as of 2022. The company has a return on equity of 7.66%. Raslag Corp is engaged in the business of providing engineering, construction, and project management services to the oil and gas industry.

– SGC Energy Co Ltd ($KOSE:005090)

SGC Energy Co Ltd is a leading provider of energy services in China. The company operates through three main business segments: power generation, power transmission and distribution, and energy trading. SGC Energy Co Ltd is the largest power generation company in China and the second largest power transmission and distribution company in the world. The company has a strong presence in the Chinese energy market with a market share of over 20%.

– Indigenous Roots Corp ($OTCPK:IRCC)

Indigenous Roots Corp is a Canadian based company that is in the business of producing and distributing medical cannabis. The company has a market capitalization of 1.55 million as of 2022 and a return on equity of 47.01%. The company is focused on providing high-quality medical cannabis products to patients in need.

Summary

ALTUS POWER reported strong financial results for the fiscal year 2023 Q3, with total revenue of USD 45.1 million and net income of USD 5.3 million, representing year-over-year increases of 48.1% and 105.5% respectively. Despite these impressive numbers, the stock price moved down the same day suggesting investors may be concerned about future prospects or potential risks. Given the strong financial results, investors should conduct a thorough analysis to assess ALTUS POWER’s long-term performance potential and potential risk factors before making any investing decisions.