Feb. 7 at 8:34 AM
The U.S. commercial solar power provider
$AMPS shares soared +27.15% on Thursday at
$4.87 after agreeing to a
$5.00 per share buyout from a unit of TPG that valued Altus at
$2.2 billion, including debt. The deal is expected to close in the 2nd quarter. The deal will cause Altus Power to delist from the New York Stock Exchange and shift its status to a privately owned corporation.The stock is now up +19.66% in 2025 & +43.24% in the past 3 months, but still down -18.70% y/y, with a market cap of
$779.2M.