Altus Power, Inc. set to join Russell 2000® Index

Rhea-AI Summary

Altus Power, Inc. (NYSE: AMPS) announced its inclusion in the Russell 2000® Index following the reconstitution period ending June 24, 2022. This index measures small-cap stocks in the U.S. market and is widely utilized by investors, with about $12 trillion in assets benchmarked against it. Joining this index may enhance Altus Power's visibility and attract institutional investment. The company, based in Stamford, Connecticut, specializes in clean electrification and has developed or acquired 362 megawatts of solar energy facilities across 18 states since its founding in 2009.

Positive

• Inclusion in the Russell 2000® Index may increase visibility and attract institutional investors.
• Altus Power has built a significant portfolio of 362 megawatts of solar facilities across 18 states.

Negative

• None.

STAMFORD, Conn., June 21, 2022 /PRNewswire/ -- Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the premier independent owner and operator of commercial-scale solar facilities, is set to join the Russell 2000^® Index at the conclusion of the 2022 Russell indexes reconstitution period, which becomes final after the close of the US equity markets on Friday, June 24, 2022.

The Russell 2000^® Index measures the performance of the small-cap segment of the US equity market. The Russell 2000^® is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Altus Power, Inc.

Altus Power, based in Stamford, Connecticut, is the nation's premier clean electrification company focused on commercial, industrial, public sector and community solar customers.  Based in Stamford, Connecticut, Altus Power develops, owns and operates locally sited solar generation, energy storage, and EV charging infrastructure across 18 states. Since inception in 2009, Altus Power has constructed or acquired 362 megawatts of distributed generation solar facilities from Vermont to Hawaii.  Visit www.altuspower.com to learn more. 

Altus Power Contacts

For Media:
Cory Ziskind
ICR, Inc.
AltusPowerPR@icrinc.com

For Investors:
Chris Shelton, Head of IR
Caldwell Bailey, ICR, Inc.
InvestorRelations@altuspower.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/altus-power-inc-set-to-join-russell-2000-index-301571204.html

SOURCE Altus Power, Inc.

FAQ

When is Altus Power joining the Russell 2000 Index?

Altus Power will join the Russell 2000 Index on June 24, 2022.

What does the Russell 2000 Index measure?

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity market.

How much in assets is benchmarked against Russell's U.S. indexes?

Approximately $12 trillion in assets are benchmarked against Russell's U.S. indexes.

What is Altus Power known for?

Altus Power is known for being a premier clean electrification company focused on solar energy solutions.