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ubs downgrades altus power to neutral with price target of five dollars

UBS has downgraded Altus Power to a Neutral rating from Buy, setting a price target of $5. Altus Power, Inc. specializes in providing clean electric power through solar generation, energy storage, and charging infrastructure, with a portfolio exceeding one gigawatt of solar PV and long-term agreements with over 450 enterprise clients. The company operates community solar projects across nine states, serving more than 30,000 residential customers.

ubs downgrades altus power to neutral after tpg rise climate acquisition announcement

UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share. Despite a recent 24% stock increase, the price target remains at $5.00, with a high likelihood of the deal closing in Q2 2025, supported by major investors.
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