STAMFORD, Conn. Altus Power (NYSE: AMPS), a leading commercial-scale provider of clean electric power, has announced the completion of a new 760 kilowatt (kW) solar rooftop array in Cherry Valley, Illinois. This project, undertaken with a key real estate development partner, marks a significant step in the company s ongoing commitment to providing sustainable energy solutions across the United States.
The newly finished solar system is expected not only to deliver clean electric power under a long-term contract to its tenant but also to play a crucial role in decarbonizing the site s operations. In addition, the project supports the Illinois Shines program, an initiative promoting the growth of solar energy in the state through incentives and educational efforts aimed at increasing deployment among residents, businesses, and facilities alike.
We are proud to partner with forward-thinking real estate developers who are committed to making sustainability a priority, said Lars Norell, Chief Executive Officer of Altus Power Inc. This installation is part of our broader mission to help businesses and communities reduce their carbon footprints and transition to cleaner, more cost-effective energy sources.
Despite this project milestone, Altus Power Inc (NYSE: AMPS) has recently seen varied performance in the stock market. As of the writing of this article, the company s share price stands at $3.55. Over the past week, Altus Power s shares have underperformed compared to its customers, whose shares saw a 6.84% increase. Additionally, the shares have been trailing compared to its competitors and alternatives as tracked by the CSIMarkets index.
ly, on a broader scale this month, Altus Power shares have demonstrated a 3.28% performance, managing to outpace the overall market, despite the challenges faced over the past week in outperforming both its customers and suppliers, the latter seeing an 8.68% downturn.
Looking ahead, Altus Power remains steadfast in its vision to lead the charge towards an energy-efficient future, building upon projects like the Cherry Valley array to continue expanding their green energy footprint across the nation.
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