5 High Growth Utility Stocks to Buy

4. Altus Power, Inc. (NYSE:AMPS)

Latest YoY Quarterly Revenue Growth: 48.10%

Number of Hedge Fund Holders: 18

Stamford, Connecticut-based Altus Power, Inc. (NYSE:AMPS) is a leading commercial-scale provider of clean electric power to commercial, industrial, public sector and Community Solar customers. It originates, develops, owns, and operates locally sited solar generation, energy storage and charging infrastructure across the nation.

In recent months, Altus Power, Inc. (NYSE:AMPS) executed agreement to acquire 121 MW of solar assets for $120.4 million which expands the company’s presence in North and South Carolina and brings total installed portfolio to nearly 721 MW. The company expects completion of construction for new assets with 75 MW capacity by end of 2023.

On November 13, Altus Power, Inc. (NYSE:AMPS) announced the closing of its Blackstone Construction Facility designed for the construction of commercial solar assets. It includes capacity of $200 million to fund costs.