Altus Power (AMPS) to Release Earnings on Tuesday

Altus Power (NYSE:AMPS - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Altus Power to post earnings of $0.03 per share for the quarter. Altus Power has set its FY 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Altus Power (NYSE:AMPS - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.13. Altus Power had a net margin of 13.55% and a return on equity of 2.52%. The firm had revenue of $52.46 million for the quarter, compared to the consensus estimate of $57.61 million. On average, analysts expect Altus Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Altus Power Price Performance

Shares of Altus Power stock traded up $0.11 during trading hours on Tuesday, reaching $3.65. The stock had a trading volume of 1,067,250 shares, compared to its average volume of 1,064,101. Altus Power has a twelve month low of $2.71 and a twelve month high of $7.28. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $586.88 million, a PE ratio of 26.07 and a beta of 0.94. The stock's 50 day moving average is $3.27 and its 200 day moving average is $3.71.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMPS. Citigroup cut their price objective on Altus Power from $7.00 to $5.50 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Roth Mkm restated a "buy" rating and set a $4.50 price objective on shares of Altus Power in a research report on Wednesday, October 16th. Maxim Group decreased their price objective on shares of Altus Power from $5.50 to $4.50 and set a "buy" rating on the stock in a report on Monday, August 12th. UBS Group cut their target price on shares of Altus Power from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Morgan Stanley lowered shares of Altus Power from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $5.94.

Altus Power Company Profile

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.