In today’s briefing:
- NZ: Contact Energy (CEN NZ) Hotter Than Mercury (MCY NZ) As Catalyst Looms
- Is Altus Power the Next Big Bet in Renewable Energy? TPG Thinks So!
NZ: Contact Energy (CEN NZ) Hotter Than Mercury (MCY NZ) As Catalyst Looms
- Contact Energy (CEN NZ) has outperformed Mercury NZ Ltd (MCY NZ) over the last month off the back of expected passive flows in February.
- Despite the outperformance, Contact Energy (CEN NZ) trades at a lower forward PE compared to Mercury NZ Ltd (MCY NZ), though it does trade at a higher Price to Book.
- There could be large passive inflows to Contact Energy (CEN NZ) and large passive outflows from Mercury NZ Ltd (MCY NZ) in February.
Is Altus Power the Next Big Bet in Renewable Energy? TPG Thinks So!
- In a move that could significantly impact the solar power industry, TPG Rise Climate, the climate-focused investment arm of buyout firm TPG, is reportedly in advanced talks to acquire Altus Power (AMPS).
- Altus Power, a leader in commercial-scale solar solutions, has made substantial strides in delivering clean energy to commercial property owners and residential customers across the U.S. With over 1 gigawatt of operating solar assets, the company has become a cornerstone in the renewable energy sector, leveraging its robust portfolio to generate consistent revenue and optimize asset performance.
- This potential acquisition comes at a pivotal moment as TPG looks to expand its climate-focused investments and capitalize on the growing demand for clean energy solutions.
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