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Altus Power Stock Gains in $2.2 billion TPG Rise Climate Trading – Altus Power (NYSE: AMPS), Invesco Wilderhill Clean Energy ETF (ARCA: PBW)

Altus Power, Inc. Amplifier Stocks trade higher on Thursday after the company announced a deal with the city TPG climate rises.

The deal puts Altus power at about $2.2 billion, including debt.

After the transaction is completed, Altus Power’s Class A common stock will stand out from the New York Stock Exchange to transform the company into a private entity.

From October 15, 2024, the day before the company announced its strategic review, the purchase price of $5.00 per share is a 66% premium over the Altus Power stock price.

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Altus Power CEO Gregg Felton The rising climate of TPG will allow Altus to meet the growing demand for sustainable energy, said it.

“This partnership enhances our ability to provide clean electricity services to community solar and commercial customers in amid a substantial increase in demand for electricity,” Felton said.

Altus Power’s board of directors approved the deal for $5.00 per share.

About 40% of the company’s stock has been invested in the deal. Altus Power expects the deal to close in the second quarter of 2025.

According to Benzinga Pro, AMPS stock has lost more than 13% in the past year. Investors can pass Invesco Wilderhill Clean Energy ETF PBW.

Price action: On the previous check, the amplifier stock traded 27.8% to $4.895.

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Image: shutterstock

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