Analysts Set Altus Power, Inc. (NYSE:AMPS) PT at $5.94

Altus Power, Inc. (NYSE:AMPS - Get Free Report) has been assigned an average rating of "Buy" from the ten analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.94.

A number of research analysts recently weighed in on AMPS shares. Morgan Stanley downgraded shares of Altus Power from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $8.00 to $4.00 in a research report on Wednesday, August 21st. Roth Mkm reiterated a "buy" rating and issued a $4.50 price objective on shares of Altus Power in a research note on Wednesday, October 16th. Citigroup decreased their target price on shares of Altus Power from $7.00 to $5.50 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. Maxim Group decreased their price target 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. Finally, UBS Group decreased their price target on shares of Altus Power from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Friday, August 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swedbank AB acquired a new position in shares of Altus Power during the 1st quarter valued at $12,589,000. Long Focus Capital Management LLC lifted its position in shares of Altus Power by 427.6% during the 2nd quarter. Long Focus Capital Management LLC now owns 549,081 shares of the company's stock valued at $2,152,000 after acquiring an additional 445,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Altus Power by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,974,269 shares of the company's stock valued at $11,662,000 after acquiring an additional 807,071 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Altus Power by 78.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 437,286 shares of the company's stock valued at $1,714,000 after acquiring an additional 192,687 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Altus Power by 112.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,411,042 shares of the company's stock valued at $5,531,000 after acquiring an additional 745,810 shares during the period. Institutional investors and hedge funds own 46.55% of the company's stock.

Altus Power Stock Up 27.0 %

Altus Power stock traded up $0.84 during mid-day trading on Wednesday, reaching $3.95. The company's stock had a trading volume of 3,485,379 shares, compared to its average volume of 1,085,523. The company has a market capitalization of $635.12 million, a price-to-earnings ratio of 17.95 and a beta of 0.94. Altus Power has a 12 month low of $2.71 and a 12 month high of $7.28. The business's 50 day simple moving average is $3.31 and its 200 day simple moving average is $3.70. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.91 and a current ratio of 0.91.

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.