Ultime notizie per Altus Power (NYSE:AMPS) Azioni

Altus Power

Altus Power Inc is a developer, owner, and operator of large-scale photovoltaic and energy storage systems across the United States. The company serve commercial, industrial, public sector, and community solar customers. Its mission is to drive the clean energy transition by developing and operating solar generation and energy storage facilities. It owns a diverse portfolio of solar PV systems and has long-term agreements with enterprise entities and residential customers. Their primary product offerings include leases and revenue contracts for solar power generation, alongside electric vehicle charging and energy storage solutions. Revenue streams include power purchase agreements, net metering credit agreements, and SREC revenue.

Altus Power Inc

Altus Power, the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland's Community Solar Energy Generating Systems (CSEGS) pilot program.

AMPS

Altus Power Announces Acquisition Of 3.4 MW Community Solar Development Project In Maryland From Chaberton Energy; No Financial Terms Disclosed

U.S. stocks were mixed, with the Nasdaq Composite falling around 50 points on Wednesday.
Shares of Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) rose sharply in today's session after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance <a href="https://www.benzinga.com/quote/PAY/earnings">above estimates</a>.
Also, Baird maintained an Outperform rating on the stock and raised its price target from $25 to $36.
Paymentus Holdings shares jumped 23.8% to $32.97 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Jet.AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares surged 56% to $10.36. Jet.AI's board approved $2 million share repurchase program through 2025 and announced withdrawal of S-1 registration.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) shares jumped 46.8% to $92.19 after the company reported better-than-expected third-quarter adjusted EPS results and raised its FY24 sales guidance.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 36% to $19.93 after the company reported better-than-expected quarterly financial results. The company also announced a multi-launch agreement with a confidential commercial satellite constellation operator and was awarded a federal defense contract worth up to $8 million.</li>
<li>Paragon 28, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNA#NYSE">FNA</a>) rose 34.8% to $10.20 following third-quarter results.</li>
<li>The Honest Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) gained 28.3% to $6.16 after the company reported better-than-expected quarterly sales results.</li>
<li>Organogenesis Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGO#NASDAQ">ORGO</a>) gained 27.5% to $4.4000 following third-quarter results.</li>
<li>Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) gained 21.5% to $3.7788 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) gained 20% to $162.15 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained 15.3% to $12.19 after the company announced a joint venture launch with Volkswagen for a total deal size worth up to $5.8 billion.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) rose 15.3% to $7.28.</li>
<li>Tower Semiconductor Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) gained 11.8% to $48.22 after the company reported better-than-expected quarterly financial results.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) rose 9.9% to $34.93.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) gained 9.1% to $158.26 after the company reported better-than-expected third-quarter financial results and raised its FY24 net new restaurant openings outlook and same sales growth.</li>
<li>Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) rose 7.1% to $110.09.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) gained 6.9% to $448.39 following third-quarter earnings.</li>
</ul>
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News

Intraday Update

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DAVE

HNST

JBLU

JTAI

NTRA

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RIVN

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TSEM

Paymentus Posts Better-Than-Expected Earnings, Joins Dave, Honest Company, Natera, CAVA Group And Other Big Stocks Moving Higher On Wednesday

WIIM

Altus Power shares are trading higher after the company reported better-than-expected Q3 EPS and sales.

2024 Guidance
The Company reaffirmed its previously stated guidance range of $196-201 million of revenue and $111-115 million of adjusted EBITDA&#x2A; for FY2024.

Guidance

Altus Power Reaffirms Its Previously Stated Revenue Guidance Range Of $196M-201M  Vs $198.27M Est. And $111M-115M Of Adjusted EBITDA

Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.03 by 266.67 percent. This is a 266.67 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $58.68 million which beat the analyst consensus estimate of $57.98 million by 1.21 percent. This is a 30.17 percent increase over sales of $45.08 million the same period last year.

Earnings

Earnings Beats

Altus Power Q3 EPS $0.11 Beats $0.03 Estimate, Sales $58.68M Beat $57.98M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For November 12, 2024

Citigroup analyst Ryan Levine maintains Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) with a Buy and lowers the price target from $7 to $5.5.

Price Target

Analyst Ratings

Citigroup Maintains Buy on Altus Power, Lowers Price Target to $5.5

<h2 class="wp-block-heading">New On The Block</h2>
Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) tapped investment bank Moelis &amp; Company LLC to explore strategies to boost shareholder value. According to the clean electricity provider, the process should wrap up by 2025. Altus retained law firm Latham &amp; Watkins to <a href="https://www.benzinga.com/topic/clean-energy">advise on legal matters</a>. 
Motorsport Games Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) is also looking to increase shareholder value via a potential sale or merger. The goal is to generate enough funds to bring Le Mans Ultimate to Sony PlayStation and Microsoft Xbox gaming consoles. Le Mans Ultimate is the official game of the FIA World Endurance Championship.
<h2 class="wp-block-heading">Off The Block</h2>
Denmark-based H. Lundbeck A/S agreed to acquire Longboard Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBPH#NASDAQ">LBPH</a>) for $60 per share in cash. The transaction is valued at approximately $2.6 billion in equity value and $2.5 billion (approximately 17 billion Danish krone). The deal is expected to close in the <a href="https://www.benzinga.com/general/biotech/24/10/41313129/why-is-epilepsy-focused-longboard-pharmaceuticals-stock-trading-higher-on-monday">fourth quarter of 2024</a>.
Universal Stainless &amp; Alloy Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>) agreed to an all-cash offer by Luxembourg-based Aperam for $45 per share. The acquisition will give Aperam its first manufacturing facility in the U.S., expanding its geographic reach and product portfolio, particularly in high-growth sectors such as <a href="https://www.benzinga.com/markets/equities/24/10/41385280/universal-stainless-finds-new-home-as-luxembourg-based-aperam-makes-big-us-move-details">aerospace and industrial applications</a>.
Bit Digital Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) purchased HPC data center company Enovum Data Centers&nbsp;for about CAD$62.8 million ($46 million). The acquisition <a href="https://www.benzinga.com/m-a/24/10/41336358/bit-digital-stock-is-rising-tuesday-whats-driving-the-action">closed on Oct. 11</a>.
<h2 class="wp-block-heading">Updates From The Block</h2>
Private equity firms TPG and Blackstone placed a joint bid to acquire eye care company Bausch + Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), per the Financial Times. Last month, Bausch + Lomb said it was considering a sale to address concerns from creditors, including&nbsp;Apollo Global Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>),&nbsp; over the separation from parent company,&nbsp;Bausch Health&nbsp;Companies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>). The Bausch + Lomb spin-off was part of Bausch Health&#8217;s plan to <a href="https://www.benzinga.com/news/large-cap/24/10/41313679/bausch-lomb-sale-process-gains-momentum-as-tpg-and-blackstone-join-forces">alleviate its $21 billion debt</a>.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
True Value declared bankruptcy. It plans to sell assets to rival Do it Best. The Chicago-based hardware store chain said an agreement was reached after a &#8220;robust marketing process&#8221; from which the company emerged as the top bidder. See our coverage below. 
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<iframe loading="lazy" title="True Value Files for Chapter 11. Aims For Sale By Rival Do It Best By Year&#039;s End." frameborder="0" width="500" height="281" src="https://geo.dailymotion.com/player.html?video=x97f6ta&#038;" allowfullscreen allow="autoplay; fullscreen; picture-in-picture; web-share"></iframe>
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<h2 class="wp-block-heading">Notes From The Block</h2>
According to <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/m-a-activity-in-the-us-and-canada-falls-in-q3-as-deal-value-rises-85741632">S&amp;P Global</a>, M&amp;A activity in the U.S. and Canada lagged compared to 2023.
<ul>
<li>The deal tally for the U.S. and Canada announced in the third quarter was 4,153 — down 4.3% from the preceding quarter, but up 2% from the third quarter of 2023.</li>
<li>Aggregate value amounted to $365.99 billion; up from $301.62 billion in the second quarter and $282.77 billion in the year-ago period.</li>
<li>The first nine months of 2024 saw 12,680 M&amp;A deals in the U.S. and Canada. That&#8217;s less than the 13,203 deals for the same time frame in 2023.</li>
<li>M&amp;A value for the first three quarters of 2024 hovered at around $1.052 trillion — up from $838.32 billion during the three months in 2023.</li>
</ul>
Joe Mantone, who authors the quarterly M&amp;A reports at S&amp;P Global Market Intelligence, had this to say: 
BZ: Was there anything that surprised you from the latest deal data?
Mantone: The quarter-over-quarter drop in the number of deals is not that surprising given seasonal trends. Dealmaking tends to slow during the third quarter&#8217;s summer months. The year-over-year increase in deals provides a bit of evidence that M&amp;A is recovering. But activity levels are still below historical norms, and the number of transactions announced in the US and Canada haven't fluctuated much over the last six quarters.
BZ: Will Q4 finish strong with the change in benchmark <a href="https://www.benzinga.com/topic/interest-rates">interest rates</a>?
Lower rates can create a more conducive backdrop for M&amp;A, and help the number of deals announced move beyond current levels. While it&#8217;s hard to predict activity in any one given quarter, I do think lower rates will serve as a catalyst for M&amp;A as we move into 2025, especially for deals involving private equity. Private equity firms have plenty of dry powder, and the lower interest rates will decrease the cost of acquisition financing, which is beneficial for those using leverage on the buyside. Buyers having access to less expensive debt tends to increase valuations, which can lead to more private equity firms selling portfolio companies.
BZ: How do you expect dealmakers to react post-Election Day?
On the total deal value side, the fourth quarter presents a difficult year-over-year comparison because there were some extremely large deals in the fourth quarter of 2023. It wouldn&#8217;t surprise if there was some pause around the election for bigger transactions, but I doubt that dealmakers will completely change their strategic plans based on the outcome, one way or another.&nbsp;
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Equities

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Deal Dispatch: Altus Power, Motorsport Games Explore Options, True Value Goes Bankrupt, M&A Activity Lags

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 300 points on Wednesday.
The Dow traded up 0.78% to 43,072.45 while the NASDAQ rose 0.32% to 18,374.03. The S&amp;P 500 also rose, gaining, 0.47% to 5,842.65.
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Leading and Lagging Sectors Utilities shares jumped by 1.6% on Tuesday.
In trading on Tuesday, communication services shares fell by 0.6%.
Top Headline
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) reported better-than-expected third-quarter results.
The company posted adjusted EPS of $1.88, up from $1.38 a year ago, beating the consensus of $1.58, demonstrating the strength of Integrated Firm with strong results across business segments. Net earnings increased almost 33% to $3.2 billion. The U.S. bank reported third-quarter sales of $15.38 billion, up 15.9% year over year, beating the consensus of $14.41 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>180 Life Sciences Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNF#NASDAQ">ATNF</a>) shares shot up 515% to $9.35. 180 Life Sciences interim CEO said that the company is planning to enter the online gaming industry with its newly acquired gaming technology platform.</li>
<li>Shares of Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) got a boost, surging 23% to $3.7050 after the company announced that a formal review of strategic alternatives has been underway by its Board of Directors. Also, the company reaffirmed its FY24 guidance.</li>
<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) shares were also up, gaining 304% to $4.5699 after the company announced a $2.5 million investment and licensing agreement with ASPIS.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Service Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVC#NYSE">SVC</a>) shares dropped 17% to $3.9650 after the company announced actions to improve liquidity and reduce leverage. It reduced its quarterly dividend to 1 cent per share.</li>
<li>Shares of Silvaco Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) were down 29% to $7.90 after the company reported a decline in orders from Asia during third quarter and cut its FY24 revenue outlook.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) was down, falling 17% to $10.49 after the FDA placed a clinical hold on the company&#8217;s investigational new drug application for its COVID-19-influenza combination and standalone influenza vaccine candidates.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $70.67 while gold traded up 0.5% at $2,691.70.
Silver traded up 0.7% to $31.985 on Wednesday, while copper rose 0.8% to $4.3730.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 fell 0.19%, Germany's DAX fell 0.27% and France's CAC 40 fell 0.40%. Spain's IBEX 35 Index rose 0.56%, while London's FTSE 100 gained 0.97%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.83%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index gaining 0.05% and India's BSE Sensex falling 0.39%.
Economics
<ul>
<li>U.S. mortgage applications fell by 17% from the previous week during the second week of October.</li>
<li>Export prices in the U.S. declined by 0.7% month-over-month in September, exceeding market estimates of a 0.4% fall.</li>
<li>Import prices declined by 0.4% from the previous month in September.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41329813/jim-cramer-we-need-more-uranium-recommends-this-stock-says-novo-nordisk-doesnt-hold-a-ca">&nbsp;</a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41329813/jim-cramer-we-need-more-uranium-recommends-this-stock-says-novo-nordisk-doesnt-hold-a-ca">Jim Cramer: &#8216;We Need More Uranium,&#8217; Recommends This Stock; Says Novo Nordisk &#8216;Doesn&#8217;t Hold A Candle&#8217; To Big Pharma Rival</a></li>
</ul>

Eurozone

Commodities

ATNF

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Nasdaq Moves Higher; Morgan Stanley Profit Beats Estimates

Roth MKM analyst Justin Clare reiterates Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) with a Buy and maintains $4.5 price target.

Reiteration

Roth MKM Reiterates Buy on Altus Power, Maintains $4.5 Price Target

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 250 points on Wednesday.
The Dow traded up 0.59% to 42,994.38 while the NASDAQ fell 0.05% to 18,306.79. The S&amp;P 500 also rose, gaining, 0.19% to 5,826.42.
Check This Out: <a href="https://www.benzinga.com/markets/24/10/41342689/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter</a>
Leading and Lagging Sectors Utilities shares jumped by 0.8% on Tuesday.
In trading on Tuesday, consumer staples shares fell by 0.5%.
Top Headline
U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) posted better-than-expected quarterly earnings on Wednesday.
The company reported third-quarter adjusted earnings per share of $1.03, beating the analyst consensus estimate of 99 cents. Quarterly revenues of $6.864 billion missed the analyst consensus estimate of $6.895 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>180 Life Sciences Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNF#NASDAQ">ATNF</a>) shares shot up 713% to $12.36. 180 Life Sciences interim CEO said that the company is planning to enter the online gaming industry with its newly acquired gaming technology platform.</li>
<li>Shares of Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) got a boost, surging 15% to $3.48 after the company announced that a formal review of strategic alternatives has been underway by its Board of Directors. Also, the company reaffirmed its FY24 guidance.</li>
<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) shares were also up, gaining 399% to $5.64 after the company announced a $2.5 million investment and licensing agreement with ASPIS.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Bright Minds Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRUG#NASDAQ">DRUG</a>) shares dropped 37% to $24.24. Firefly Neuroscience collaborated with Bright Minds Biosciences to analyze the data from its positive Phase 1 study using its Artificial Intelligence.</li>
<li>Shares of Silvaco Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) were down 25% to $8.34 after the company reported a decline in orders from Asia during third quarter and cut its FY24 revenue outlook.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) was down, falling 17% to $10.45 after the FDA placed a clinical hold on the company&#8217;s investigational new drug application for its COVID-19-influenza combination and standalone influenza vaccine candidates.</li>
</ul>
Commodities In commodity news, oil traded down 0.2% to $70.46 while gold traded up 0.6% at $2,694.90.
Silver traded up 1.6% to $32.270 on Wednesday, while copper rose 1% to $4.3810.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 gained 0.02%, Germany's DAX gained 0.1% and France's CAC 40 fell 0.17%. Spain's IBEX 35 Index rose 0.75%, while London's FTSE 100 gained 1.15%.
Asia Pacific Markets
Asian markets closed mostly lower on Wednesday, with Japan's Nikkei 225 falling 1.83%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index gaining 0.05% and India's BSE Sensex falling 0.39%.
Economics
<ul>
<li>U.S. mortgage applications fell by 17% from the previous week during the second week of October.</li>
<li>Export prices in the U.S. declined by 0.7% month-over-month in September, exceeding market estimates of a 0.4% fall.</li>
<li>Import prices declined by 0.4% from the previous month in September.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41329813/jim-cramer-we-need-more-uranium-recommends-this-stock-says-novo-nordisk-doesnt-hold-a-ca"> Jim Cramer: &#8216;We Need More Uranium,&#8217; Recommends This Stock; Says Novo Nordisk &#8216;Doesn&#8217;t Hold A Candle&#8217; To Big Pharma Riva</a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41329813/jim-cramer-we-need-more-uranium-recommends-this-stock-says-novo-nordisk-doesnt-hold-a-ca">l</a></li>
</ul>

DRUG

Dow Jumps 250 Points; U.S. Bancorp Earnings Top Views

U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Wednesday.
Shares of United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose sharply during Tuesday's session following <a href="https://www.benzinga.com/news/earnings/24/10/41345371/united-airlines-q3-earnings-revenue-beat-eps-beat-1-5b-buyback-clear-inflection-point">better-than-expected quarterly earnings.</a>
United Airlines reported third-quarter revenue of $14.843 billion, beating the consensus estimate of $14.783 billion, according to Benzinga Pro. The airline company reported adjusted earnings of $3.33 per share, beating analyst estimates of $3.13 per share.
United Airlines gained 9.3% to $70.04 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Korro Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRRO#NASDAQ">KRRO</a>) gained 80% to $71.72.</li>
<li>Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) jumped 62.5% to $13.91. Wave Life Sciences achieved first-ever therapeutic RNA editing in humans with results from RestorAATion-2 trial of WVE-006 for Alpha-1 Antitrypsin Deficiency.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) gained 21% to $14.20. The DOE approved the company&#8217;s conceptual safety design report for its Aurora fuel fabrication facility. This will advance plans to utilize recovered material for its first commercial powerhouse.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) rose 18.1% to $16.09.</li>
<li>Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) gained 18% to $3.5645 after the company announced that a formal review of strategic alternatives has been underway by its Board of Directors. Also, the company reaffirmed its FY24 guidance.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) jumped 15.8% to $71.00.</li>
<li>Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) gained 14.8% to $3.0689 after the company announced it entered into a new investment agreement with General Motors Holdings to establish a joint venture for the purpose of funding, developing, constructing and operating Thacker Pass in Humboldt County, Nevada.</li>
<li>Aspen Aerogels, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NASDAQ">ASPN</a>) surged 14.1% to $25.61. Aspen Aerogells won conditional commitment for proposed DOE loan of up to $670.6 million.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) gained 7.6% to $19.05.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) rose 6.9% to $119.92 after the company reported better-than-expected third-quarter financial results.</li>
<li>U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) gained 5.2% to $49.44 following upbeat quarterly earnings.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41329813/jim-cramer-we-need-more-uranium-recommends-this-stock-says-novo-nordisk-doesnt-hold-a-ca">Jim Cramer: &#8216;We Need More Uranium,&#8217; Recommends This Stock; Says Novo Nordisk &#8216;Doesn&#8217;t Hold A Candle&#8217; To Big Pharma Rival</a></li>
</ul>

ASPN

KRRO

OKLO

United Airlines Posts Upbeat Earnings, Joins Morgan Stanley, U.S. Bancorp And Other Big Stocks Moving Higher On Wednesday

Altus Power shares are trading higher after the company announced that a formal review of strategic alternatives has been underway by its Board of Directors. Also, the company reaffirmed its FY24 guidance.

Altus Power Reveals Formal Ongoing Review Of Strategic Alternatives; Reaffirms FY24 Guidance

Developed In Partnership With Trammell Crow And San Manuel Band Of Mission Indians

Altus Power Announces 1.6MW Solar Project At San Manuel Landing In San Bernardino, California; Project To Provide Low-Cost Clean Electric Power And Reduce Emissions By Over 21,000 Metric Tons Of CO2

Clean electric power to benefit the San Manuel Landing.
Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 1.6 megawatt solar project at the San Manuel Landing, a 1.1 million square foot Class-A logistics center located in San Bernardino, Calif. Altus originated the project in conjunction with its partner, Trammell Crow Company, which developed the San Manuel Landing with the San Manuel Band of Mission Indians (SMBMI).
Under a long-term agreement, Altus Power will lease the roof of the building from the San Manuel Band of Mission Indians. Upon completion, the solar array will deliver low-cost clean electric power to the tenant of the building, saving the company money on its utility bills, and reducing emissions by over 21,000 metric tons of carbon dioxide, the equivalent of not burning over 23 million pounds of coal.

Altus Power Signs An Agreement To Construct A 1.6 Megawatt Solar Project At The San Manuel Landing, A 1.1M Square Foot Class-A Logistics Center Located In San Bernardino, Calif

Clean electric power generated by systems to benefit local municipalities through Community Solar
Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>), the largest commercial scale provider of clean electric power, today announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. The clean electric power generated by the ground-mounted systems will benefit local municipalities, including the City of Pueblo, Pueblo Community College and the Pueblo County School District, through the Altus Power Community Solar program, part of the Black Hills Energy Colorado community solar program.

Altus Power Announces The Addition Of Two Operational Solar Projects In Colorado, Totaling 2.5 Megawatts

Altus Power shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $8 to $4.

Morgan Stanley analyst Stephen Byrd downgrades Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) from Overweight to Equal-Weight and lowers the price target from $8 to $4.

Downgrades

Morgan Stanley Downgrades Altus Power to Equal-Weight, Lowers Price Target to $4

An update from Altus Power ( ($AMPS) ) is now available. Altus Power, Inc. reported a strong third quarter in 2024, with revenues surging by 30% to...

Altus Power Reports Strong Q3 Growth in 2024

Altus Power, Inc. 2024 Q3 - Results - Earnings Call Presentation

Altus Power, Inc. (AMPS) Q3 2024 Earnings Call Transcript

Altus Power (AMPS) is up 22.5%, or 70c to $3.81. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

Altus Power rises 22.5%

In a report released today, Justin Clare from Roth MKM maintained a Buy rating on Altus Power (AMPS – Research Report), with a price target of $4.0...

Roth MKM Keeps Their Buy Rating on Altus Power (AMPS)

Altus Power (AMPS) is up 26.7%, or 83c to $3.94. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ne...

Altus Power rises 26.7%

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Altus Power (AMPS – Research Report), with a price target...

Altus Power: Strong Q3 Results and Strategic Partnerships Justify Buy Rating

Seaport Global analyst Jeff Campbell maintained a Buy rating on Altus Power (AMPS – Research Report) today and set a price target of $6.50. The com...

Seaport Global Reaffirms Their Buy Rating on Altus Power (AMPS)

Biden pushes ahead with methane fee despite Trump's win, asks E.U. to align with U.S.

Altus Power (AMPS) announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project de...

Altus acquires 3.4 MW community solar development project in Maryland

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Press Releases

Altus Power Announces Innovative Tax Partnership, Maximizing Market Efficiency

Altus Power Announces New Solar Project in San Bernardino, California

Commercial Scale Market Leader, Altus Power, Tops 1GW in Operating Assets

Altus Power Announces Ongoing Review of Strategic Alternatives

Altus Power Names Skylar Werde as Head of Community Solar

Altus Power Announces Date for Release of Third Quarter 2024 Financial Results and Conference Call

Altus Power Operationalizes Three New Community Solar Projects in Maine

Altus Power, Inc. Announces Third Quarter 2024 Financial Results

Clear Street Launches Equity Research Group

Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy

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