Altus Power Inc (AMPS)

Altus Power Inc Stock (AMPS) dropped by 11.60% from $5.26 to $4.65 in the trading on Monday November 13, 2023. The reason why AMPS stock down today is due to the weaker-than-expected quarterly results. With revenue and earnings falling well short of expectations, it's not surprising to see AMPS stock dropping today.

• Third-quarter revenue climbed 48% Y/Y to $45.1 million, net income of $6.8 million or $0.03 per share (compared to a loss of $97 million in the same year-ago period). However, analysts were expecting higher earnings of $0.08 per share on revenue of $52.4 million.