05:10 PM EDT, 10/15/2024 (MT Newswires) -- Altus Power ( AMPS ) jumped 3% in extended session late Tuesday after saying its board members have been conducting a review of strategic alternatives in a bid to unlock shareholder value and optimize its access to capital.

Moelis, and Latham & Watkins have been retained as financial and legal advisors, the company said, adding it expects to complete the review during H1 2025.

Altus cautioned there was no assurance the current review will result in a particular transaction and will make further statements when additional disclosure is needed or appropriate.

It also reaffirmed previously disclosed financial forecast of $196 million to $201 million in revenue for its fiscal 2024 ending in December.

Price: 3.1100, Change: +0.09, Percent Change: +2.98