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Ryan Completes Acquisition of Altus Group's Property Tax Services Business
Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store Continues
Altus Power Insider Ups Holding During Year
Emeren Divests 2.8 MWdc Solar Project in Maine to Altus Power
TPG is reportedly in negotiations to acquire the solar developer Altus Power.
GLONGHUI, December 24 | According to Reuters, the climate investment division of alternative asset management company TPG is in talks to acquire Altus Power, a company that provides solar energy for commercial properties and homes, according to Reuters, citing people familiar with the matter. If negotiations are successful, the two sides are likely to sign an agreement in the next few weeks. Boosted by this news, Altus's stock price once surged more than 23% in the intraday session on Monday, and eventually closed up nearly 15%, with a total market capitalization of over 0.65 billion US dollars.
Sector Update: Energy Stocks Edge Higher Late Afternoon