Altus Power (AMPS) Expected to Announce Quarterly Earnings on Monday

Altus Power (NYSE:AMPS - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Monday, March 17th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $46.64 million for the quarter.

Altus Power Trading Up 0.5 %

Shares of AMPS stock opened at $4.95 on Monday. Altus Power has a 52-week low of $2.71 and a 52-week high of $6.84. The stock has a market cap of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a fifty day moving average of $4.38 and a 200-day moving average of $3.82.

Analysts Set New Price Targets

AMPS has been the subject of a number of recent research reports. UBS Group cut shares of Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price objective for the company. in a research note on Monday, February 10th. B. Riley cut shares of Altus Power from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Seaport Res Ptn lowered shares of Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised shares of Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.06.

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Insider Activity at Altus Power

In other Altus Power news, CEO Gregg J. Felton sold 71,161 shares of Altus Power stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $349,400.51. Following the completion of the sale, the chief executive officer now owns 4,023,696 shares of the company's stock, valued at approximately $19,756,347.36. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Savino sold 8,823 shares of Altus Power stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the transaction, the insider now directly owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,146 shares of company stock valued at $437,707 over the last quarter. Corporate insiders own 24.30% of the company's stock.

About Altus Power

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.

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