** Shares of Altus Power rise 16.3% to $3.53 premarket
** Co on Tuesday announced that a formal review of strategic alternatives has been underway by its board
** Review aims to assess and determine the strategic alternatives that will unlock shareholder value and optimize access to capital, AMPS said
** "The ongoing disconnect between the share price and our view of intrinsic value gives Board confidence that exploring alternative ownership structures is a prudent course to maximize value" - Christine Detrick, Chair of Altus Power
** Co reaffirms its guidance for fiscal year 2024
** AMPS expects the process to be completed by first half of 2025
** 7 out of 9 brokerages rate AMPS "buy" or higher, 2 "hold"; median is $5.5 - LSEG data
** As of last close, stock down about 56% YTD
(Reporting by Sukriti Gupta)
((Sukriti.Gupta@thomsonreuters.com;))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。