Altus Power(AMPS) Soars 0.40% on Acquisition News

Altus Power(AMPS) shares rose 0.40% today, marking the second consecutive day of gains, with a total increase of 0.40% over the past two days. The share price reached its highest level since May 2024, with an intraday gain of 0.60%.

Altus Power's stock price has been significantly influenced by the upcoming acquisition by TPG Rise Climate. This acquisition has been approved by Altus Power shareholders, and under the merger agreement, stockholders will receive $5.00 in cash per share. The transaction, valued at approximately $2.2 billion, is expected to close on April 16, 2025, pending customary closing conditions. This acquisition is anticipated to unlock significant value for stockholders and enable Altus Power to continue its growth priorities and expand sustainable power access.